Lowe’s Companies, Inc. (NYSE:LOW) Stock Has Average Price Target of $253.48

Lowe’s Companies, Inc. (NYSE:LOW) has been assigned a consensus rating of “Moderate Buy” from the thirty-seven ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $253.48.

A number of research analysts have weighed in on LOW shares. DA Davidson restated a “neutral” rating and issued a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, August 19th. Weiss Ratings lowered Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Citigroup dropped their price target on Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Gordon Haskett downgraded Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a research report on Thursday, September 24th. Finally, Truist Financial reduced their target price on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating on the stock in a report on Thursday, August 20th.

Lowe’s Companies Price Performance

Shares of LOW opened at $218.00 on Friday. Lowe’s Companies has a one year low of $178.45 and a one year high of $293.06. The business’s 50 day simple moving average is $196.26 and its 200-day simple moving average is $226.15. The company has a market capitalization of $122.31 billion, a P/E ratio of 15.91, a PEG ratio of 1.66 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $26.13 billion. During the same period last year, the company earned $4.33 earnings per share. The company’s 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. On average, sell-side analysts anticipate that Lowe’s Companies will post 12.25 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Hedge Funds Weigh In On Lowe’s Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its position in shares of Lowe’s Companies by 1.8% during the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after purchasing an additional 714,092 shares during the last quarter. State Street Corp grew its position in Lowe’s Companies by 3.6% during the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock valued at $5,584,873,000 after buying an additional 880,815 shares during the period. Bank of New York Mellon Corp grew its position in Lowe’s Companies by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock valued at $956,371,000 after buying an additional 201,803 shares during the period. Amundi increased its holdings in Lowe’s Companies by 57.3% during the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock worth $637,848,000 after buying an additional 1,053,237 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Lowe’s Companies by 7.1% during the first quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock worth $388,992,000 after buying an additional 109,520 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

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