Analysts Set Lowe’s Companies, Inc. (NYSE:LOW) PT at $257.63

Lowe’s Companies, Inc. (NYSE:LOW) has been given an average recommendation of “Moderate Buy” by the thirty-six ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $257.6333.

Several brokerages recently weighed in on LOW. The Goldman Sachs Group reduced their price target on Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. UBS Group lowered their price objective on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Gordon Haskett dropped their price objective on shares of Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Robert W. Baird cut their target price on shares of Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Finally, KeyCorp reiterated an “overweight” rating and issued a $275.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 20th.

Institutional Investors Weigh In On Lowe’s Companies

Several hedge funds have recently modified their holdings of the company. Rench Wealth Management Inc. grew its position in shares of Lowe’s Companies by 0.7% during the 2nd quarter. Rench Wealth Management Inc. now owns 20,438 shares of the home improvement retailer’s stock valued at $4,506,000 after acquiring an additional 133 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Lowe’s Companies by 2.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 47,504 shares of the home improvement retailer’s stock worth $10,474,000 after purchasing an additional 922 shares during the period. Tidal Investments LLC boosted its position in Lowe’s Companies by 21.3% during the second quarter. Tidal Investments LLC now owns 144,891 shares of the home improvement retailer’s stock worth $31,947,000 after purchasing an additional 25,448 shares in the last quarter. MCF Advisors LLC boosted its position in Lowe’s Companies by 1.0% during the second quarter. MCF Advisors LLC now owns 8,147 shares of the home improvement retailer’s stock worth $1,796,000 after purchasing an additional 84 shares in the last quarter. Finally, National Pension Service boosted its position in Lowe’s Companies by 2.8% during the second quarter. National Pension Service now owns 1,387,918 shares of the home improvement retailer’s stock worth $306,022,000 after purchasing an additional 37,378 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

Shares of LOW opened at $194.14 on Friday. The business’s 50-day moving average is $209.28 and its two-hundred day moving average is $222.66. The company has a market capitalization of $108.92 billion, a P/E ratio of 16.41, a P/E/G ratio of 2.58 and a beta of 0.85. Lowe’s Companies has a fifty-two week low of $193.35 and a fifty-two week high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.22 by $0.18. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The business had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter in the previous year, the firm posted $4.33 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Analysts forecast that Lowe’s Companies will post 12.26 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. Lowe’s Companies’s payout ratio is presently 42.27%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.