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

23 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, 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" LOW shares.
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23 brokerages have issued 12 month price objectives for Lowe's Companies' shares. Their LOW share price forecasts range from $159.00 to $300.00. On average, they expect the company's share price to reach $231.35 in the next year. This suggests a possible upside of 7.7% from the stock's current price.
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Lowe's Companies' stock was trading at $258.48 on January 1st, 2022. Since then, LOW shares have decreased by 16.9% and is now trading at $214.84.
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Lowe's Companies saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 11,470,000 shares, an increase of 7.2% from the October 31st total of 10,700,000 shares. Based on an average trading volume of 3,750,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.9% of the shares of the stock are sold short.
View Lowe's Companies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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Lowe's Companies, Inc. (NYSE:LOW) released its earnings results on Wednesday, November, 16th. The home improvement retailer reported $3.27 EPS for the quarter, topping analysts' consensus estimates of $3.11 by $0.16. The home improvement retailer earned $23.48 billion during the quarter, compared to analyst estimates of $23.16 billion. Lowe's Companies had a net margin of 6.97% and a negative trailing twelve-month return on equity of 103.72%. The company's revenue was up 2.4% on a year-over-year basis. During the same period last year, the company earned $2.73 earnings per share.
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Lowe's Companies announced a quarterly dividend on Friday, November 11th. Shareholders of record on Wednesday, January 25th will be paid a dividend of $1.05 per share on Wednesday, February 8th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, January 24th.
Read our dividend analysis for LOW.

Lowe's Companies (NYSE:LOW) pays an annual dividend of $4.20 per share and currently has a dividend yield of 1.95%. The company 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 is 41.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LOW will have a dividend payout ratio of 29.29% 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 announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 15th 2021, which permits the company to repurchase $13,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

Lowe's Companies updated its FY 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share (EPS) guidance of $13.65-$13.80 for the period, compared to the consensus EPS estimate of $13.54. The company issued revenue guidance of $97.00 billion-$98.00 billion, compared to the consensus revenue estimate of $96.97 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 Vanguard Group Inc. (8.86%), BlackRock Inc. (7.26%), State Street Corp (4.36%), Pershing Square Capital Management L.P. (1.67%), Massachusetts Financial Services Co. MA (1.28%) and Bank of New York Mellon Corp (0.92%). Insiders that own company stock include David H Batchelder, Marvin R Ellison, Ross W Mccanless and Seemantini Godbole.
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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 $214.84.

Lowe's Companies (NYSE:LOW) has a market capitalization of $133.35 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 $10.21 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.