Lowe’s Companies (NYSE:LOW) Updates FY25 Earnings Guidance

Lowe’s Companies (NYSE:LOW) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $11.80-11.90 for the period, compared to the consensus earnings per share estimate of $11.89. The company issued revenue guidance of $83.0-83.5 billion, compared to the consensus revenue estimate of $83.31 billion.

Wall Street Analyst Weigh In

Several research firms have weighed in on LOW. DA Davidson raised their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Stifel Nicolaus lifted their price objective on Lowe’s Companies from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Melius Research initiated coverage on Lowe’s Companies in a research note on Monday, September 23rd. They set a “buy” rating and a $290.00 target price for the company. JPMorgan Chase & Co. dropped their price target on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 21st. Finally, Truist Financial increased their price objective on Lowe’s Companies from $307.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $277.92.

Lowe’s Companies Stock Performance

Shares of LOW opened at $270.01 on Wednesday. Lowe’s Companies has a 52 week low of $205.84 and a 52 week high of $287.01. The business’s fifty day moving average price is $271.07 and its two-hundred day moving average price is $248.27. The firm has a market capitalization of $152.46 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.29 and a beta of 1.10.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. This trade represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,697 shares of company stock valued at $5,214,586. Company insiders own 0.26% of the company’s stock.

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.