Lowe’s Companies Sees Unusually High Options Volume (NYSE:LOW)

Lowe’s Companies, Inc. (NYSE:LOW – Get Free Report) was the recipient of some unusual options trading on Thursday. Stock investors acquired 13,431 call options on the company. This represents an increase of approximately 63% compared to the average daily volume of 8,224 call options.

Analyst Upgrades and Downgrades

LOW has been the topic of several recent research reports. DA Davidson reaffirmed a “neutral” rating and set a $245.00 price objective on shares of Lowe’s Companies in a report on Wednesday, August 19th. Melius Research set a $244.00 target price on shares of Lowe’s Companies in a report on Tuesday, October 6th. Morgan Stanley restated an “overweight” rating on shares of Lowe’s Companies in a research report on Thursday, August 20th. Wells Fargo & Company decreased their price target on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. Finally, Telsey Advisory Group decreased their price target on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $254.29.

Get Our Latest Stock Analysis on Lowe’s Companies

Lowe’s Companies Stock Performance

LOW stock traded up $1.50 during mid-day trading on Friday, reaching $197.22. 3,708,564 shares of the stock traded hands, compared to its average volume of 3,432,308. Lowe’s Companies has a one year low of $178.45 and a one year high of $293.06. The stock has a market capitalization of $110.65 billion, a PE ratio of 16.67, a PEG ratio of 1.64 and a beta of 0.89. The business has a 50-day moving average price of $199.44 and a two-hundred day moving average price of $214.83.

Lowe’s Companies (NYSE:LOW – Get Free Report) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $25.96 billion for the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter in the prior year, the firm posted $4.33 earnings per share. The company’s quarterly revenue 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. On average, equities analysts expect that Lowe’s Companies will post 12.26 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio is 42.27%.

Institutional Investors Weigh In On Lowe’s Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of 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 purchasing an additional 714,092 shares during the period. State Street Corp raised its position in Lowe’s Companies by 3.6% during the 2nd 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 in the last quarter. Bank of New York Mellon Corp raised its position in Lowe’s Companies by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock valued at $956,371,000 after purchasing an additional 201,803 shares in the last quarter. Amundi raised its position in Lowe’s Companies by 57.3% during the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after purchasing an additional 1,053,237 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Lowe’s Companies by 7.1% in the 1st 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 during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

(Get Free Report)

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.

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