Lowe’s Companies (NYSE:LOW) Price Target Raised to $270.00

Lowe’s Companies (NYSE:LOW) had its target price upped by Sanford C. Bernstein from $254.00 to $270.00 in a report published on Tuesday morning, MarketBeat.com reports. They currently have an outperform rating on the home improvement retailer’s stock.

A number of other brokerages have also commented on LOW. Weiss Ratings upgraded shares of Lowe’s Companies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, November 4th. Melius Research set a $244.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, October 6th. UBS Group dropped their target price on shares of Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Gordon Haskett downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 target price for the company. in a research report on Thursday, September 24th. Finally, TD Cowen reiterated a “hold” rating and set a $235.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.74.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $227.66 on Tuesday. Lowe’s Companies has a one year low of $178.45 and a one year high of $293.06. The stock has a market capitalization of $127.73 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The business’s fifty day moving average is $199.39 and its 200 day moving average is $224.22.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping the consensus estimate of $4.22 by $0.18. The company had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. Lowe’s Companies’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, sell-side analysts expect that Lowe’s Companies will post 12.26 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. Lowe’s Companies’s dividend payout ratio is presently 42.27%.

Hedge Funds Weigh In On Lowe’s Companies

Several institutional investors have recently made changes to their positions in LOW. BlackRock Inc. raised its position in Lowe’s Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after acquiring an additional 714,092 shares during the period. State Street Corp grew its position in shares of Lowe’s Companies by 3.6% during the 2nd quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock valued at $5,584,873,000 after acquiring an additional 880,815 shares during the period. Bank of New York Mellon Corp grew its position in shares of Lowe’s Companies by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock valued at $956,371,000 after acquiring an additional 201,803 shares during the period. Amundi grew its position in shares of Lowe’s Companies by 57.3% during the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after acquiring an additional 1,053,237 shares during the period. Finally, Swiss National Bank increased its stake in shares of Lowe’s Companies by 7.1% in the 1st quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock worth $388,992,000 after purchasing an additional 109,520 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Latest Lowe’s Companies News

Investors following LOW have been watching these news items:

• Positive Sentiment: Lowe’s is partnering exclusively with Bilt, connecting its products, rewards and home services to Bilt’s 8 million members through the Bilt app. The expanded loyalty and customer-reach opportunity could support sales. Article: Lowe’s Ties Rewards and Home Services to an 8 Million Member Platform
• Positive Sentiment: Sanford C. Bernstein and JPMorgan Chase raised their price targets on LOW, providing a favorable analyst signal, although the available reports do not specify the new targets. Article: Bernstein Price Target Boost Article: JPMorgan Price Target Bump
• Neutral Sentiment: Analyst previews point to a possible third-quarter earnings beat, citing an Earnings ESP of +0.59%, Pro demand and digital growth. Lowe’s is scheduled to report on Nov. 18; the results and management’s outlook may be more consequential than the beat potential alone. Article: What’s Lowe’s Probability of an Earnings Beat This Season?

About Lowe’s Companies

Lowe’s Companies, Inc. is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels. Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support. Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.