Lowe’s Companies, Inc. (NYSE:LOW) Stock Has Consensus Price Target of $255.97

Lowe’s Companies, Inc. (NYSE:LOW) has earned an average rating of “Moderate Buy” from the thirty-seven analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $254.29.

A number of brokerages have recently issued reports on LOW. Gordon Haskett cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a report on Thursday, September 24th. Sanford C. Bernstein reduced their price target on Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating for the company in a report on Wednesday, September 9th. JPMorgan Chase & Co. cut their price objective on Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Mizuho cut their price objective on Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $231.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 20th.

Hedge Funds Weigh In On Lowe’s Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. J. Stern & Co. LLP increased its position in shares of Lowe’s Companies by 7,814.9% during the fourth quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer’s stock valued at $359,417,000 after buying an additional 1,471,539 shares during the period. Amundi lifted its holdings in Lowe’s Companies by 57.3% in the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock worth $637,848,000 after buying an additional 1,053,237 shares during the period. State Street Corp lifted its holdings 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 buying an additional 880,815 shares during the period. Focus Partners Wealth lifted its holdings in Lowe’s Companies by 311.5% in the fourth quarter. Focus Partners Wealth now owns 1,076,594 shares of the home improvement retailer’s stock worth $259,721,000 after buying an additional 814,936 shares during the period. Finally, BlackRock Inc. boosted its position in Lowe’s Companies by 1.8% during the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after acquiring an additional 714,092 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Trading Down 0.1%

NYSE LOW opened at $185.74 on Tuesday. The company has a market cap of $104.21 billion, a PE ratio of 15.70, a PEG ratio of 1.56 and a beta of 0.89. Lowe’s Companies has a 12 month low of $178.45 and a 12 month high of $293.06. The stock has a 50 day moving average of $201.63 and a 200-day moving average of $215.86.

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

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be issued 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 yield of 2.7%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.27%.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.