Lowe’s Companies (NYSE:LOW) Price Target Cut to $285.00 by Analysts at Wolfe Research

Lowe’s Companies (NYSE:LOW) had its price target lowered by equities research analysts at Wolfe Research from $308.00 to $285.00 in a research report issued on Monday,MarketScreener reports. The brokerage presently has an “outperform” rating on the home improvement retailer’s stock. Wolfe Research’s price target would indicate a potential upside of 17.89% from the stock’s current price.

A number of other brokerages have also issued reports on LOW. Oppenheimer raised their price target on shares of Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. Royal Bank Of Canada dropped their target price on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a report on Thursday, November 20th. DA Davidson cut their target price on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. HSBC lowered their price target on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Finally, Piper Sandler lifted their price objective on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $273.79.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $241.74 on Monday. Lowe’s Companies has a one year low of $206.38 and a one year high of $280.64. The business’s 50 day simple moving average is $241.25 and its two-hundred day simple moving average is $237.76. The stock has a market capitalization of $135.57 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. During the same quarter last year, the business earned $2.89 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Sell-side analysts expect that Lowe’s Companies will post 11.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Lowe’s Companies

A number of large investors have recently made changes to their positions in the company. Activest Wealth Management grew its position in Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 51 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of Lowe’s Companies during the 2nd quarter valued at $27,000. United Financial Planning Group LLC purchased a new stake in shares of Lowe’s Companies in the 3rd quarter worth $31,000. Solstein Capital LLC raised its holdings in Lowe’s Companies by 627.8% in the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 113 shares during the period. Finally, Traub Capital Management LLC bought a new stake in Lowe’s Companies during the second quarter valued at about $30,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Company Profile

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.