Lowe’s Companies (NYSE:LOW) Price Target Cut to $245.00 by Analysts at Evercore

Lowe’s Companies (NYSE:LOW) had its price objective lowered by Evercore from $250.00 to $245.00 in a research note released on Tuesday morning,MarketScreener reports.

Several other brokerages have also issued reports on LOW. The Goldman Sachs Group boosted their price objective on shares of Lowe’s Companies from $283.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Stifel Nicolaus increased their target price on shares of Lowe’s Companies from $230.00 to $250.00 and gave the stock a “hold” rating in a research note on Monday, December 1st. Oppenheimer dropped their price target on shares of Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday, December 5th. Barclays raised shares of Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 price target on the stock in a research note on Wednesday, January 7th. Finally, Argus increased their price objective on shares of Lowe’s Companies from $286.00 to $288.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Twenty-two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $289.24.

Lowe’s Companies Trading Up 0.0%

Lowe’s Companies stock traded up $0.12 during mid-day trading on Tuesday, hitting $236.40. The company’s stock had a trading volume of 1,197,658 shares, compared to its average volume of 2,842,551. The firm has a market capitalization of $132.40 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 5.05 and a beta of 0.98. Lowe’s Companies has a 1 year low of $206.38 and a 1 year high of $293.06. The stock’s fifty day moving average is $260.88 and its two-hundred day moving average is $251.47.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The company had revenue of $20.59 billion for the quarter, compared to the consensus estimate of $20.34 billion. During the same quarter in the previous year, the business earned $1.93 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, equities analysts expect that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 40.51%.

Insider Activity at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. This represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Swiss RE Ltd. acquired a new position in shares of Lowe’s Companies during the fourth quarter worth about $25,000. Wilkerson Advisory Group LLC purchased a new position in Lowe’s Companies in the fourth quarter worth approximately $27,000. Activest Wealth Management lifted its stake in Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 51 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in Lowe’s Companies during the 2nd quarter worth approximately $27,000. Finally, United Financial Planning Group LLC purchased a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $31,000. 74.06% of the stock is 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.