Lowe’s Companies (NYSE:LOW) Given New $252.00 Price Target at Royal Bank Of Canada

Lowe’s Companies (NYSE:LOW) had its target price lowered by equities researchers at Royal Bank Of Canada from $260.00 to $252.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the home improvement retailer’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 9.44% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. DA Davidson decreased their price target on shares of Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday. Telsey Advisory Group decreased their target price on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Finally, KeyCorp lifted their price objective on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $275.32.

Lowe’s Companies Stock Performance

NYSE:LOW traded up $1.85 during trading on Thursday, reaching $230.26. The company’s stock had a trading volume of 616,674 shares, compared to its average volume of 2,726,357. Lowe’s Companies has a 12 month low of $206.38 and a 12 month high of $280.64. The firm has a market cap of $129.14 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. The firm has a 50 day moving average of $244.95 and a 200-day moving average of $237.39.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Equities research analysts forecast that Lowe’s Companies will post 11.9 earnings per share for the current fiscal year.

Insider Activity

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 52,931 shares of company stock valued at $14,381,752. Insiders own 0.27% of the company’s stock.

Institutional Trading of Lowe’s Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOW. Howard Hughes Medical Institute bought a new position in shares of Lowe’s Companies during the 2nd quarter valued at $27,000. Solstein Capital LLC boosted its position in Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 113 shares during the last quarter. Activest Wealth Management grew its stake in shares of Lowe’s Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 51 shares during the period. Vermillion & White Wealth Management Group LLC increased its position in shares of Lowe’s Companies by 128.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 76 shares during the last quarter. Finally, Traub Capital Management LLC purchased a new position in shares of Lowe’s Companies in the second quarter worth approximately $30,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

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.