Lowe’s Companies (NYSE:LOW) Price Target Raised to $250.00 at Evercore ISI

Lowe’s Companies (NYSE:LOW) had its target price boosted by Evercore ISI from $240.00 to $250.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “in-line” rating on the home improvement retailer’s stock. Evercore ISI’s price objective suggests a potential upside of 9.26% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Robert W. Baird lowered their price target on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday, October 8th. Mizuho lowered their target price on shares of Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. reduced their price target on Lowe’s Companies from $283.00 to $275.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Finally, Piper Sandler increased their price objective on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.27.

Lowe’s Companies Trading Up 0.2%

Shares of NYSE:LOW traded up $0.40 on Thursday, reaching $228.81. The company had a trading volume of 1,307,986 shares, compared to its average volume of 2,730,068. The firm has a market capitalization of $128.32 billion, a PE ratio of 18.77, a PEG ratio of 2.21 and a beta of 0.87. Lowe’s Companies has a 52-week low of $206.38 and a 52-week high of $280.64. The firm’s 50 day simple moving average is $244.95 and its 200-day simple moving average is $237.39.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data 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. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. During the same period in the prior year, the business posted $2.89 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, equities research analysts predict that Lowe’s Companies will post 11.9 earnings per share for the current year.

Insider Transactions at Lowe’s Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 30,099 shares in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 52,931 shares of company stock worth $14,381,752. Company insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. First Affirmative Financial Network boosted its position in Lowe’s Companies by 4.2% in the third quarter. First Affirmative Financial Network now owns 2,577 shares of the home improvement retailer’s stock valued at $648,000 after buying an additional 103 shares during the last quarter. Coldstream Capital Management Inc. raised its position in Lowe’s Companies by 5.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 18,074 shares of the home improvement retailer’s stock worth $4,542,000 after buying an additional 990 shares during the last quarter. Aspire Private Capital LLC lifted its stake in Lowe’s Companies by 3.0% during the 3rd quarter. Aspire Private Capital LLC now owns 3,659 shares of the home improvement retailer’s stock valued at $919,000 after acquiring an additional 105 shares during the period. Aldebaran Financial Inc. lifted its stake in Lowe’s Companies by 7.9% during the 3rd quarter. Aldebaran Financial Inc. now owns 4,085 shares of the home improvement retailer’s stock valued at $1,027,000 after acquiring an additional 300 shares during the period. Finally, Danske Bank A S purchased a new stake in shares of Lowe’s Companies in the 3rd quarter valued at $85,112,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

About Lowe’s Companies

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.