Lowe's Companies - LOW Stock Forecast, Price & News

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lowe's Companies in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LOW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LOW, but not buy additional shares or sell existing shares.
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28 equities research analysts have issued 12 month price targets for Lowe's Companies' stock. Their LOW share price forecasts range from $159.00 to $275.00. On average, they predict the company's share price to reach $225.00 in the next twelve months. This suggests a possible upside of 17.8% from the stock's current price.
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Lowe's Companies' stock was trading at $199.24 on January 1st, 2023. Since then, LOW shares have decreased by 4.1% and is now trading at $190.98.
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Lowe's Companies saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 9,940,000 shares, a drop of 7.4% from the February 13th total of 10,730,000 shares. Based on an average daily volume of 3,070,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.7% of the company's shares are sold short.
View Lowe's Companies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 17th 2023.
View our LOW earnings forecast.

Lowe's Companies, Inc. (NYSE:LOW) issued its earnings results on Wednesday, March, 1st. The home improvement retailer reported $2.28 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.07. The home improvement retailer earned $22.40 billion during the quarter, compared to the consensus estimate of $22.71 billion. Lowe's Companies had a net margin of 6.63% and a negative trailing twelve-month return on equity of 82.30%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 EPS.
Read the conference call transcript.

Lowe's Companies announced a quarterly dividend on Friday, March 24th. Investors of record on Wednesday, April 26th will be paid a dividend of $1.05 per share on Wednesday, May 10th. This represents a $4.20 annualized dividend and a yield of 2.20%.
Read our dividend analysis for LOW.

ETFs with the largest weight of Lowe's Companies (NYSE:LOW) stock in their portfolio include VanEck Retail ETF (RTH), iShares U.S. Consumer Focused ETF (IEDI), Pacer BioThreat Strategy ETF (VIRS), iShares U.S. Home Construction ETF (ITB), SPDR S&P Homebuilders ETF (XHB), Invesco BuyBack Achievers ETF (PKW), Global X Millennials Consumer ETF (MILN) and 2ndVote Life Neutral Plus ETF (LYFE).

Lowe's Companies (NYSE:LOW) pays an annual dividend of $4.20 per share and currently has a dividend yield of 2.22%. The company has been increasing its dividend for 49 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LOW will have a dividend payout ratio of 27.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LOW.

Lowe's Companies declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 15th 2021, which authorizes the company to repurchase $13,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Lowe's Companies updated its FY24 earnings guidance on Wednesday, March, 1st. The company provided EPS guidance of $13.60-$14.00 for the period, compared to the consensus estimate of $13.84. The company issued revenue guidance of $88.0-$90.0 billion, compared to the consensus revenue estimate of $90.66 billion.

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

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 shareholders include Morgan Stanley (1.88%), Geode Capital Management LLC (1.77%), Norges Bank (1.18%), Moneta Group Investment Advisors LLC (0.82%), Legal & General Group Plc (0.68%) and Franklin Resources Inc. (0.58%). Insiders that own company stock include David H Batchelder, Donald Frieson, Ross W Mccanless and Seemantini Godbole.
View institutional ownership trends.

Shares of LOW stock 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 $190.98.

Lowe's Companies (NYSE:LOW) has a market capitalization of $118.54 billion and generates $97.06 billion in revenue each year. The home improvement retailer earns $6.44 billion in net income (profit) each year or $10.01 on an earnings per share basis.

The company employs 340,000 workers across the globe.

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