Lowe's Companies Stock Forecast, Price & News

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lowe's Companies in the last year. There are currently 1 sell rating, 4 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Lowe's Companies stock.
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20 brokers have issued 12-month target prices for Lowe's Companies' stock. Their LOW stock forecasts range from $190.00 to $285.00. On average, they expect Lowe's Companies' share price to reach $240.16 in the next twelve months. This suggests a possible upside of 30.3% from the stock's current price.
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Lowe's Companies' stock was trading at $258.48 at the beginning of the year. Since then, LOW stock has decreased by 28.7% and is now trading at $184.35.
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Lowe's Companies is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
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Lowe's Companies, Inc. (NYSE:LOW) posted its quarterly earnings results on Wednesday, May, 18th. The home improvement retailer reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.29. The home improvement retailer had revenue of $23.66 billion for the quarter, compared to analyst estimates of $23.72 billion. Lowe's Companies had a negative trailing twelve-month return on equity of 251.50% and a net margin of 8.85%. Lowe's Companies's revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.21 EPS.
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Lowe's Companies announced a quarterly dividend on Friday, May 27th. Shareholders of record on Wednesday, July 20th will be given a dividend of $1.05 per share on Wednesday, August 3rd. This represents a $4.20 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Tuesday, July 19th. This is a boost from Lowe's Companies's previous quarterly dividend of $0.80.
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Lowe's Companies(NYSE:LOW) pays an annual dividend of $3.20 per share and currently has a dividend yield of 1.75%. Lowe's Companies has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Lowe's Companies is 26.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Lowe's Companies will have a dividend payout ratio of 21.77% next year. This indicates that Lowe's Companies will be able to sustain or increase its dividend.
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Lowe's Companies declared that its board has approved a share buyback program on Wednesday, December 15th 2021, which allows the company to repurchase $13,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 7.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Lowe's Companies updated its FY 2022 earnings guidance on Wednesday, June, 15th. The company provided EPS guidance of $13.10-$13.60 for the period, compared to the consensus EPS estimate of $13.38. The company issued revenue guidance of $97.00 billion-$99.00 billion, compared to the consensus revenue estimate of $98.13 billion.

2,818 employees have rated Lowe's Companies CEO Marvin Ellison on Glassdoor.com. Marvin Ellison has an approval rating of 62% among Lowe's Companies' employees. This puts Marvin Ellison in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Lowe's Companies include Home Depot (HD), Builders FirstSource (BLDR), Builders FirstSource (BLDR), Floor & Decor (FND), Travis Perkins (TVPKF), LL Flooring (LL), Jewett-Cameron Trading (JCTCF), Latitude 360 (LATX) and Wisdom Homes of America (WOFA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Lowe's Companies investors own include Home Depot (HD), NVIDIA (NVDA), Visa (V), Walt Disney (DIS), Johnson & Johnson (JNJ), AT&T (T), JPMorgan Chase & Co. (JPM), Walmart (WMT), Intel (INTC) and AbbVie (ABBV).

Lowe's Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "LOW."

Lowe's Companies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.65%), BlackRock Inc. (6.85%), State Street Corp (4.35%), Pershing Square Capital Management L.P. (1.54%), Northern Trust Corp (1.24%) and Wellington Management Group LLP (1.01%). Company insiders that own Lowe's Companies stock include David H Batchelder, Jennifer L Weber, Marvin R Ellison, Matthew V Hollifield, Ross W Mccanless and Seemantini Godbole.
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LOW stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, American Century Companies Inc., BlackRock Inc., Canada Pension Plan Investment Board, Vanguard Group Inc., Neuberger Berman Group LLC, Artemis Investment Management LLP, and 1832 Asset Management L.P.. Company insiders that have sold Lowe's Companies company stock in the last two years include Ross W Mccanless, and Seemantini Godbole.
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LOW stock was acquired by a variety of institutional investors in the last quarter, including Magellan Asset Management Ltd, Renaissance Technologies LLC, Egerton Capital UK LLP, Arrowstreet Capital Limited Partnership, First Trust Advisors LP, Invesco Ltd., Bristol Gate Capital Partners Inc., and Truist Financial Corp.
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Shares of LOW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LOW stock can currently be purchased for approximately $184.35.

Lowe's Companies (NYSE:LOW) has a market capitalization of $117.82 billion and generates $96.25 billion in revenue each year. The home improvement retailer earns $8.44 billion in net income (profit) each year or $12.27 on an earnings per share basis.

Lowe's Companies employs 340,000 workers across the globe.

Lowe's Companies was founded in 1921.

Lowe's Companies' mailing address is 1000 LOWE`S BLVD, MOORESVILLE NC, 28117. The official website for Lowe's Companies is www.lowes.com. The home improvement retailer can be reached via phone at (704) 758-1000, via email at [email protected], or via fax at 704-757-0576.