Lowe’s Companies (NYSE:LOW) Price Target Lowered to $250.00 at TD Cowen

Lowe’s Companies (NYSE:LOW) had its target price cut by research analysts at TD Cowen from $275.00 to $250.00 in a research report issued on Friday,MarketScreener reports. The firm presently has a “hold” rating on the home improvement retailer’s stock. TD Cowen’s target price would indicate a potential upside of 6.78% from the stock’s current price.

A number of other research firms have also issued reports on LOW. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada decreased their price objective on Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a report on Thursday. UBS Group cut their target price on shares of Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Robert W. Baird decreased their price target on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday. Sixteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $274.75.

Lowe’s Companies Trading Up 2.5%

Lowe’s Companies stock opened at $234.12 on Friday. The company has a 50-day moving average price of $243.31 and a 200 day moving average price of $237.39. Lowe’s Companies has a 12-month low of $206.38 and a 12-month high of $280.64. The stock has a market cap of $131.30 billion, a P/E ratio of 19.24, a PEG ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The business had revenue of $20.81 billion during 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 business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, analysts forecast that Lowe’s Companies will post 11.9 EPS for the current year.

Insider Activity

In related news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 52,931 shares of company stock worth $14,381,752 in the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Lowe’s Companies

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Lowe’s Companies in the second quarter worth $1,773,624,000. Nuveen LLC purchased a new stake in shares of Lowe’s Companies during the first quarter worth about $681,215,000. Wellington Management Group LLP raised its position in shares of Lowe’s Companies by 102.0% in the third 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 buying an additional 2,122,622 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Lowe’s Companies by 207.2% during 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. Finally, Tableaux LLC acquired a new stake in Lowe’s Companies during the second quarter worth approximately $282,884,000. 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.