Lowe’s Companies (LOW) – Investment Analysts’ Weekly Ratings Updates

Posted by Defense World Staff on Jul 21st, 2023

Lowe's Companies logo A number of firms have modified their ratings and price targets on shares of Lowe’s Companies (NYSE: LOW) recently:

7/20/2023 – Lowe’s Companies had its price target raised by analysts at Loop Capital from $205.00 to $215.00.
7/14/2023 – Lowe’s Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
7/14/2023 – Lowe’s Companies had its price target raised by analysts at Truist Financial Co. from $229.00 to $249.00. They now have a “buy” rating on the stock.
7/13/2023 – Lowe’s Companies had its price target raised by analysts at Wedbush from $210.00 to $230.00.
7/12/2023 – Lowe’s Companies had its price target raised by analysts at Argus from $250.00 to $260.00.
6/15/2023 – Lowe’s Companies was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
6/6/2023 – Lowe’s Companies was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
5/30/2023 – Lowe’s Companies had its price target raised by analysts at Citigroup Inc. from $210.00 to $221.00.
5/29/2023 – Lowe’s Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
5/25/2023 – Lowe’s Companies had its price target lowered by analysts at Argus from $290.00 to $250.00.
5/24/2023 – Lowe’s Companies had its price target lowered by analysts at Piper Sandler from $235.00 to $230.00.
5/24/2023 – Lowe’s Companies had its price target lowered by analysts at Truist Financial Co. from $235.00 to $229.00.
5/24/2023 – Lowe’s Companies had its price target raised by analysts at DA Davidson from $228.00 to $237.00.
5/24/2023 – Lowe’s Companies had its price target raised by analysts at Wedbush from $200.00 to $210.00.
5/24/2023 – Lowe’s Companies had its price target lowered by analysts at Barclays PLC from $215.00 to $212.00.

Lowe’s Companies Stock Up 0.0 %

Shares of NYSE:LOW opened at $230.99 on Friday. The business has a fifty day simple moving average of $215.55 and a 200-day simple moving average of $207.81. Lowe’s Companies, Inc. has a 52 week low of $176.50 and a 52 week high of $235.07. The company has a market cap of $135.36 billion, a P/E ratio of 22.49, a P/E/G ratio of 1.38 and a beta of 1.09.

Lowe’s Companies (NYSE:LOW – Get Free Report) last announced its quarterly earnings results on Tuesday, May 23rd. The home improvement retailer reported $3.67 EPS for the quarter, beating the consensus estimate of $3.48 by $0.19. Lowe’s Companies had a net margin of 6.65% and a negative return on equity of 68.42%. The company had revenue of $22.35 billion for the quarter, compared to analyst estimates of $21.68 billion. During the same quarter last year, the business earned $3.51 earnings per share. Lowe’s Companies’s revenue was down 5.5% compared to the same quarter last year. Sell-side analysts expect that Lowe’s Companies, Inc. will post 13.38 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Wednesday, July 26th will be issued a dividend of $1.10 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.90%. The ex-dividend date is Tuesday, July 25th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 40.90%.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Donald Frieson sold 13,114 shares of Lowe’s Companies stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $203.45, for a total value of $2,668,043.30. Following the sale, the executive vice president now owns 18,020 shares of the company’s stock, valued at $3,666,169. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Lowe’s Companies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Axiom Financial Strategies LLC lifted its position in shares of Lowe’s Companies by 9.8% in the first quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock worth $275,000 after buying an additional 123 shares in the last quarter. United Bank boosted its position in Lowe’s Companies by 6.8% during the first quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock worth $1,968,000 after acquiring an additional 617 shares during the last quarter. Prudential PLC acquired a new stake in shares of Lowe’s Companies during the first quarter valued at about $1,629,000. Baird Financial Group Inc. boosted its position in Lowe’s Companies by 0.4% in the 1st quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock valued at $51,780,000 after buying an additional 920 shares during the period. Finally, Covestor Ltd increased its position in shares of Lowe’s Companies by 74.6% in the 1st quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock valued at $60,000 after purchasing an additional 126 shares during the last quarter. 73.47% of the stock is currently owned by institutional investors.

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.