Lowe’s Companies (NYSE:LOW) Sets New 12-Month Low – Here’s Why

Lowe’s Companies, Inc. (NYSE:LOW) shares hit a new 52-week low during trading on Monday. The stock traded as low as $186.30 and last traded at $187.7970, with a volume of 83938 shares trading hands. The stock had previously closed at $189.28.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Piper Sandler decreased their price target on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a research note on Thursday, August 13th. DA Davidson reaffirmed a “neutral” rating and set a $245.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, August 19th. Morgan Stanley reiterated an “overweight” rating on shares of Lowe’s Companies in a report on Thursday, August 20th. KeyCorp reissued an “overweight” rating and issued a $275.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. Finally, Weiss Ratings cut shares of Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Twenty-two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $255.97.

Lowe’s Companies Stock Down 0.5%

The company has a market cap of $105.69 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 2.52 and a beta of 0.85. The company has a fifty day moving average of $207.03 and a 200 day moving average of $219.97.

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

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.7%. Lowe’s Companies’s dividend payout ratio is presently 42.27%.

Hedge Funds Weigh In On Lowe’s Companies

A number of institutional investors and hedge funds have recently made changes to their positions in LOW. QRG Capital Management Inc. grew its position in Lowe’s Companies by 0.4% during the second quarter. QRG Capital Management Inc. now owns 113,050 shares of the home improvement retailer’s stock valued at $24,926,000 after buying an additional 452 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Lowe’s Companies by 27.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,849 shares of the home improvement retailer’s stock worth $4,156,000 after acquiring an additional 4,027 shares during the period. Andra AP fonden raised its position in Lowe’s Companies by 14.6% in the second quarter. Andra AP fonden now owns 105,313 shares of the home improvement retailer’s stock worth $23,220,000 after acquiring an additional 13,400 shares during the period. State Street Corp raised its position in Lowe’s Companies by 3.6% in the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock worth $5,584,873,000 after acquiring an additional 880,815 shares during the period. Finally, Rench Wealth Management Inc. boosted its stake 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 worth $4,506,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

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.