Lowe’s Companies (NYSE:LOW) Price Target Raised to $275.00

Lowe’s Companies (NYSE:LOW) had its price target boosted by JPMorgan Chase & Co. from $252.00 to $275.00 in a research note published on Monday,Benzinga reports. The firm currently has an overweight rating on the home improvement retailer’s stock.

LOW has been the subject of a number of other reports. Stifel Nicolaus dropped their price target on shares of Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating for the company in a research report on Monday, October 26th. KeyCorp reaffirmed an “overweight” rating and set a $275.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 20th. Telsey Advisory Group reduced their target price on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. UBS Group decreased their price target on shares of Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Finally, TD Cowen restated a “hold” rating and issued a $235.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $254.74.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $231.52 on Monday. The stock’s 50 day simple moving average is $198.83 and its 200-day simple moving average is $224.47. The stock has a market cap of $129.89 billion, a P/E ratio of 18.59, a P/E/G ratio of 1.94 and a beta of 0.81. Lowe’s Companies has a 1-year low of $178.45 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.22 by $0.18. The business had revenue of $25.96 billion during 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%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, research analysts expect that Lowe’s Companies will post 12.26 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were paid a dividend of $1.25 per share. The ex-dividend date was Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. Lowe’s Companies’s dividend payout ratio is 42.27%.

Hedge Funds Weigh In On Lowe’s Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Lowe’s Companies by 1.8% in the second 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 during the period. State Street Corp lifted its stake in shares of 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 valued at $5,584,873,000 after purchasing an additional 880,815 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Lowe’s Companies by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer’s stock valued at $905,063,000 after purchasing an additional 57,167 shares during the period. Amundi boosted its holdings in Lowe’s Companies by 57.3% during 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 in the last quarter. Finally, Swiss National Bank boosted its holdings in Lowe’s Companies by 7.1% during the first quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock worth $388,992,000 after buying an additional 109,520 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Latest Lowe’s Companies News

Investors following LOW have been watching these news items:

• Positive Sentiment: Analysts see potential for an earnings beat. Lowe’s has a +0.59% Earnings ESP, with Pro demand and digital growth cited as supports. Its history of earnings surprises is also highlighted, but the Q3 results have not yet been reported. Earnings preview
• Positive Sentiment: Analyst price targets have moved higher. Bernstein raised its target to $270 from $254 and maintained an Outperform rating; a separate report also noted a JPMorgan target increase. Higher targets signal improved analyst optimism, but do not guarantee share gains. Bernstein rating information JPMorgan price target report
• Neutral Sentiment: Q3 earnings call is scheduled for Nov. 18. The company plans to discuss results at 9 a.m. Eastern, giving investors a near-term event for updates on demand and guidance. Earnings call announcement

About Lowe’s Companies

Lowe’s Companies, Inc. is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels. Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support. Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.