Lowe’s Companies (NYSE:LOW) Price Target Raised to $270.00

Lowe’s Companies (NYSE:LOW) had its price target raised by DA Davidson from $240.00 to $270.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a neutral rating on the home improvement retailer’s stock. DA Davidson also issued estimates for Lowe’s Companies’ FY2025 earnings at $11.84 EPS and FY2026 earnings at $12.60 EPS.

LOW has been the subject of a number of other reports. Morgan Stanley boosted their target price on shares of Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. Barclays boosted their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday. Royal Bank of Canada reduced their target price on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 21st. Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and lifted their price target for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Finally, TD Cowen increased their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $277.92.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $264.63 on Wednesday. The firm has a market capitalization of $150.12 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.15 and a beta of 1.10. The business has a 50 day simple moving average of $268.74 and a two-hundred day simple moving average of $244.73. Lowe’s Companies has a 1 year low of $196.23 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. The firm had revenue of $23.59 billion during the quarter, compared to analyst estimates of $23.93 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Lowe’s Companies’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the company earned $4.56 EPS. Equities research analysts expect that Lowe’s Companies will post 11.82 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a dividend of $1.15 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, October 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.74%. Lowe’s Companies’s payout ratio is presently 38.37%.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the sale, the executive vice president now owns 13,214 shares in the company, valued at approximately $3,586,940.30. The trade was a 30.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. This represents a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lowe’s Companies

A number of large investors have recently bought and sold shares of LOW. Guardian Capital LP boosted its holdings in shares of Lowe’s Companies by 2.5% in the 1st quarter. Guardian Capital LP now owns 7,588 shares of the home improvement retailer’s stock valued at $1,933,000 after acquiring an additional 188 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its position in Lowe’s Companies by 18.6% during the first quarter. Stonebridge Capital Advisors LLC now owns 1,410 shares of the home improvement retailer’s stock valued at $359,000 after purchasing an additional 221 shares during the period. Quadrature Capital Ltd purchased a new stake in Lowe’s Companies in the first quarter valued at $2,769,000. Truvestments Capital LLC boosted its holdings in Lowe’s Companies by 14.5% in the first quarter. Truvestments Capital LLC now owns 931 shares of the home improvement retailer’s stock valued at $237,000 after purchasing an additional 118 shares during the last quarter. Finally, Linscomb Wealth Inc. grew its position in Lowe’s Companies by 7.0% during the 1st quarter. Linscomb Wealth Inc. now owns 13,621 shares of the home improvement retailer’s stock worth $3,470,000 after purchasing an additional 888 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.