Lowe’s Companies (NYSE:LOW) Stock Price Expected to Rise, DA Davidson Analyst Says

Lowe’s Companies (NYSE:LOW) had its price objective increased by DA Davidson from $240.00 to $270.00 in a research note published on Wednesday morning,Benzinga reports. DA Davidson currently has a neutral rating on the home improvement retailer’s stock. DA Davidson also issued estimates for Lowe’s Companies’ FY2025 earnings at $11.84 EPS and FY2026 earnings at $12.60 EPS.

LOW has been the subject of a number of other research reports. Gordon Haskett reduced their price target on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. Truist Financial increased their target price on Lowe’s Companies from $306.00 to $307.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price target on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. Finally, Wells Fargo & Company lifted their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.92.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $264.63 on Wednesday. Lowe’s Companies has a 1 year low of $196.23 and a 1 year high of $287.01. The company’s fifty day moving average price is $268.74 and its 200 day moving average price is $244.73. The company has a market capitalization of $150.12 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.15 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same period in the prior year, the company posted $4.56 EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, equities analysts expect that Lowe’s Companies will post 11.82 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a $1.15 dividend. The ex-dividend date was Wednesday, October 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.74%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Insider Buying and Selling

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. This represents a 30.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $2,334,678.06. The trade was a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lowe’s Companies

Institutional investors have recently made changes to their positions in the stock. Guardian Capital LP boosted its position in shares of Lowe’s Companies by 2.5% during the 1st quarter. Guardian Capital LP now owns 7,588 shares of the home improvement retailer’s stock worth $1,933,000 after purchasing an additional 188 shares during the period. Stonebridge Capital Advisors LLC lifted its stake in Lowe’s Companies by 18.6% during the first quarter. Stonebridge Capital Advisors LLC now owns 1,410 shares of the home improvement retailer’s stock worth $359,000 after purchasing an additional 221 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Lowe’s Companies during the first quarter worth $2,769,000. Truvestments Capital LLC grew its stake in shares of Lowe’s Companies by 14.5% in the first quarter. Truvestments Capital LLC now owns 931 shares of the home improvement retailer’s stock valued at $237,000 after buying an additional 118 shares in the last quarter. Finally, Linscomb Wealth Inc. raised its holdings in shares of Lowe’s Companies by 7.0% in the 1st quarter. Linscomb Wealth Inc. now owns 13,621 shares of the home improvement retailer’s stock valued at $3,470,000 after buying an additional 888 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

About Lowe’s Companies

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.