Lowe’s Companies (NYSE:LOW) Price Target Lowered to $280.00 at Gordon Haskett

Lowe’s Companies (NYSE:LOW) had its price objective cut by Gordon Haskett from $300.00 to $280.00 in a research note released on Friday morning,MarketScreener reports.

LOW has been the subject of a number of other research reports. Morgan Stanley decreased their target price on Lowe’s Companies from $296.00 to $292.00 and set an “overweight” rating for the company in a report on Tuesday, April 28th. Piper Sandler reissued an “overweight” rating and issued a $300.00 target price (up from $294.00) on shares of Lowe’s Companies in a research note on Thursday, February 26th. KGI Securities initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, March 10th. They set a “neutral” rating and a $255.00 price target on the stock. Evercore reduced their target price on shares of Lowe’s Companies from $250.00 to $245.00 in a report on Tuesday, March 31st. Finally, Wells Fargo & Company lifted 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. Twenty equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $288.41.

Lowe’s Companies Stock Performance

LOW opened at $229.07 on Friday. The business’s fifty day moving average is $242.52 and its two-hundred day moving average is $249.70. The company has a market cap of $128.29 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 4.42 and a beta of 0.91. Lowe’s Companies has a one year low of $210.33 and a one year high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. The firm had revenue of $20.59 billion during the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, analysts predict that Lowe’s Companies will post 12.61 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were paid a dividend of $1.20 per share. The ex-dividend date was Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 40.51%.

Institutional Trading of Lowe’s Companies

Several large investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Lowe’s Companies during the 4th quarter worth about $1,993,697,000. Wellington Management Group LLP raised its position in shares of Lowe’s Companies by 102.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock valued at $1,056,585,000 after acquiring an additional 2,122,622 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Lowe’s Companies by 45.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,555,565 shares of the home improvement retailer’s stock valued at $1,580,941,000 after purchasing an additional 2,039,343 shares during the period. J. Stern & Co. LLP grew its stake in shares of Lowe’s Companies by 7,814.9% during the fourth quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer’s stock worth $359,417,000 after purchasing an additional 1,471,539 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Lowe’s Companies by 207.2% in the third quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock valued at $517,218,000 after buying an additional 1,388,133 shares during the period. Institutional investors own 74.06% of the company’s stock.

About Lowe’s Companies

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.