Brokerages Set Lowe’s Companies, Inc. (NYSE:LOW) Price Target at $289.76

Shares of Lowe’s Companies, Inc. (NYSE:LOW) have earned an average recommendation of “Moderate Buy” from the thirty research firms that are covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $289.7586.

Several equities analysts have weighed in on the company. Truist Financial cut their target price on Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. KGI Securities started coverage on shares of Lowe’s Companies in a report on Tuesday, March 10th. They set a “neutral” rating and a $255.00 price objective on the stock. Argus boosted their price objective on shares of Lowe’s Companies from $286.00 to $288.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Robert W. Baird upped their target price on shares of Lowe’s Companies from $290.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company increased their target price on Lowe’s Companies from $280.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th.

Lowe’s Companies Trading Down 2.0%

Lowe’s Companies stock opened at $225.03 on Friday. Lowe’s Companies has a 1 year low of $206.38 and a 1 year high of $293.06. The company has a market cap of $126.23 billion, a PE ratio of 18.99, a PEG ratio of 4.88 and a beta of 0.98. The company’s 50-day moving average is $266.50 and its two-hundred day moving average is $253.22.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.94 by $0.04. The company had revenue of $20.58 billion during the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. Lowe’s Companies’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Research analysts forecast that Lowe’s Companies will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.51%.

Insider Buying and Selling

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the transaction, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This represents a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.27% of the company’s stock.

Institutional Trading of Lowe’s Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Maj Invest Holding A S increased its holdings in Lowe’s Companies by 15.7% in the third quarter. Maj Invest Holding A S now owns 802,990 shares of the home improvement retailer’s stock valued at $201,801,000 after purchasing an additional 108,813 shares during the period. Bridges Investment Management Inc. raised its position in Lowe’s Companies by 13.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer’s stock worth $105,759,000 after purchasing an additional 49,858 shares during the last quarter. Facet Wealth Inc. acquired a new position in Lowe’s Companies during the 3rd quarter worth about $558,000. Prudential Financial Inc. lifted its holdings in Lowe’s Companies by 0.7% during the 2nd quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock worth $183,344,000 after buying an additional 5,820 shares during the period. Finally, National Pension Service grew its position in shares of Lowe’s Companies by 2.7% in the 3rd quarter. National Pension Service now owns 1,286,782 shares of the home improvement retailer’s stock valued at $323,381,000 after buying an additional 33,686 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.