Brokerages Set Lowe’s Companies, Inc. (NYSE:LOW) Target Price at $289.24

Shares of Lowe’s Companies, Inc. (NYSE:LOW) have received an average recommendation of “Moderate Buy” from the thirty brokerages that are currently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and twenty-two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $289.2414.

A number of research firms have weighed in on LOW. The Goldman Sachs Group boosted their target price on shares of Lowe’s Companies from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Evercore cut their target price on shares of Lowe’s Companies from $250.00 to $245.00 in a research report on Tuesday, March 31st. Guggenheim boosted their target price on shares of Lowe’s Companies from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Weiss Ratings raised shares of Lowe’s Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 24th. Finally, Truist Financial cut their target price on shares of Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating for the company in a research report on Thursday, February 26th.

Lowe’s Companies Trading Down 0.6%

Shares of NYSE:LOW opened at $242.43 on Tuesday. The stock has a market capitalization of $135.77 billion, a PE ratio of 20.46, a P/E/G ratio of 5.30 and a beta of 0.97. Lowe’s Companies has a 1 year low of $210.33 and a 1 year high of $293.06. The firm has a fifty day moving average price of $252.98 and a 200 day moving average price of $249.70.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. The firm had revenue of $20.59 billion during the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. Lowe’s Companies’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, sell-side analysts forecast that Lowe’s Companies will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe’s Companies’s payout ratio is currently 40.51%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LOW. Swiss RE Ltd. bought a new stake in Lowe’s Companies in the fourth quarter valued at about $25,000. Wilkerson Advisory Group LLC bought a new stake in Lowe’s Companies in the fourth quarter valued at about $27,000. Activest Wealth Management increased its stake in Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 51 shares during the period. OLD Second National Bank of Aurora grew its stake in Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 42 shares during the last quarter. Finally, United Financial Planning Group LLC bought a new stake in Lowe’s Companies during the third quarter worth about $31,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.