Lowe’s Companies (NYSE:LOW) Sets New 52-Week Low – Here’s What Happened

Lowe’s Companies, Inc. (NYSE:LOWGet Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as $194.86 and last traded at $195.3280, with a volume of 215331 shares. The stock had previously closed at $198.17.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LOW. Sanford C. Bernstein lowered their target price on shares of Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating for the company in a research note on Wednesday, September 9th. Jefferies Financial Group decreased their price target on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating for the company in a report on Thursday, May 21st. TD Cowen reissued a “hold” rating and issued a $235.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 20th. Robert W. Baird cut their target price on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Finally, HSBC lowered their target price on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $257.63.

Check Out Our Latest Analysis on LOW

Lowe’s Companies Stock Performance

The business has a fifty day moving average of $210.55 and a 200-day moving average of $224.13. The company has a market capitalization of $109.60 billion, a P/E ratio of 16.51, a PEG ratio of 2.62 and a beta of 0.85.

Lowe’s Companies (NYSE:LOWGet Free Report) last announced its quarterly 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 net margin of 7.34% and a negative return on equity of 75.67%. The business had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same quarter in the previous year, the business posted $4.33 EPS. Lowe’s Companies’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. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.26 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders 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 2.6%. The ex-dividend date is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.27%.

Insider Activity

In related news, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the transaction, the executive vice president owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. This trade represents a 11.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Juliette Pryor sold 9,330 shares of the business’s 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 sale, the executive vice president directly owned 16,142 shares of the company’s stock, valued at $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Providence Wealth Advisors LLC raised its holdings in shares of Lowe’s Companies by 0.5% in the fourth quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock valued at $1,959,000 after purchasing an additional 36 shares during the last quarter. First Command Advisory Services Inc. lifted its position in shares of Lowe’s Companies by 1.3% during the fourth quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer’s stock valued at $711,000 after purchasing an additional 38 shares in the last quarter. Smithbridge Asset Management Inc. DE boosted its holdings in Lowe’s Companies by 1.1% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer’s stock worth $898,000 after purchasing an additional 39 shares during the last quarter. Root Financial Partners LLC boosted its holdings in Lowe’s Companies by 2.6% during the fourth quarter. Root Financial Partners LLC now owns 1,636 shares of the home improvement retailer’s stock worth $395,000 after purchasing an additional 41 shares during the last quarter. Finally, IMA Advisory Services Inc. grew its position in Lowe’s Companies by 0.5% in the 4th quarter. IMA Advisory Services Inc. now owns 7,865 shares of the home improvement retailer’s stock worth $1,897,000 after purchasing an additional 41 shares in the last quarter. Institutional investors 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.

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