Lowe’s Companies (NYSE:LOW) Reaches New 52-Week Low – Time to Sell?

Lowe’s Companies, Inc. (NYSE:LOWGet Free Report)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $198.88 and last traded at $198.6320, with a volume of 298475 shares trading hands. The stock had previously closed at $200.80.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of research analyst reports. Oppenheimer cut their price objective on shares of Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $231.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. Benchmark assumed coverage on shares of Lowe’s Companies in a research report on Tuesday, May 12th. They issued a “hold” rating on the stock. Truist Financial cut their price target on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a report on Thursday, August 20th. Finally, Gordon Haskett lowered their price objective on shares of Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $257.63.

View Our Latest Stock Analysis on Lowe’s Companies

Lowe’s Companies Trading Down 1.5%

The stock has a market cap of $110.96 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 2.72 and a beta of 0.85. The business has a 50 day simple moving average of $212.75 and a two-hundred day simple moving average of $226.39.

Lowe’s Companies (NYSE:LOWGet Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.22 by $0.18. The company had revenue of $25.96 billion during the quarter, compared to analyst estimates 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 for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Research analysts anticipate that Lowe’s Companies, Inc. will post 12.26 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced 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. This represents a $5.00 dividend on an annualized basis and a dividend 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%.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Juliette Pryor sold 9,330 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the transaction, the executive vice president directly owned 16,142 shares in the company, valued at $3,628,883.02. The trade was a 36.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Margrethe Vagell sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the sale, the executive vice president owned 20,220 shares in the company, valued at $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 25,980 shares of company stock valued at $5,796,937 over the last quarter. Insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Swiss RE Ltd. bought a new stake in shares of Lowe’s Companies in the 4th quarter worth $25,000. Wilkerson Advisory Group LLC acquired a new position in Lowe’s Companies during the fourth quarter valued at $27,000. Sankala Group LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $33,000. Markowski Investments purchased a new stake in shares of Lowe’s Companies during the second quarter worth $33,000. Finally, Triumph Capital Management bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

About Lowe’s Companies

(Get Free Report)

Lowe’s Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.

Further Reading

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