Lowe’s Companies, Inc. (NYSE:LOW) Stock Has Average Price Target of $255.97 According to Brokerages

Shares of Lowe’s Companies, Inc. (NYSE:LOW – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the thirty-six research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $254.29.

A number of brokerages have recently commented on LOW. Mizuho lowered their price target on Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. Guggenheim reissued a “buy” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research note on Monday, September 21st. Wells Fargo & Company decreased their price objective on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. JPMorgan Chase & Co. lowered their target price on shares of Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, Weiss Ratings lowered shares of Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 17th.

Check Out Our Latest Report on LOW

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mn Services Vermogensbeheer B.V. grew its stake in Lowe’s Companies by 1.0% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 164,793 shares of the home improvement retailer’s stock valued at $30,370,000 after acquiring an additional 1,600 shares during the period. Allen Mooney & Barnes Investment Advisors LLC increased its holdings in shares of Lowe’s Companies by 1.0% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 62,458 shares of the home improvement retailer’s stock worth $11,510,000 after acquiring an additional 647 shares in the last quarter. Invariant Investment Management raised its position in shares of Lowe’s Companies by 1.9% during the third quarter. Invariant Investment Management now owns 3,161 shares of the home improvement retailer’s stock worth $571,000 after purchasing an additional 59 shares during the period. Farther Finance Advisors LLC raised its position in shares of Lowe’s Companies by 33.7% during the third quarter. Farther Finance Advisors LLC now owns 29,209 shares of the home improvement retailer’s stock worth $5,383,000 after purchasing an additional 7,364 shares during the period. Finally, CoreCap Advisors LLC lifted its holdings in shares of Lowe’s Companies by 2.8% during the 3rd quarter. CoreCap Advisors LLC now owns 10,437 shares of the home improvement retailer’s stock valued at $1,924,000 after purchasing an additional 285 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Up 4.0%

Shares of Lowe’s Companies stock opened at $188.83 on Tuesday. Lowe’s Companies has a 12 month low of $178.45 and a 12 month high of $293.06. The business has a fifty day simple moving average of $202.61 and a 200 day simple moving average of $216.55. The stock has a market cap of $105.94 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW – Get Free Report) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates 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. Analysts expect that Lowe’s Companies will post 12.26 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be given a $1.25 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.6%. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

About Lowe’s Companies

(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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Analyst Recommendations for Lowe's Companies (NYSE:LOW)

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