In yesterday’s Wall Street session, Lowe’s Companies Inc. (NYSE:LOW) shares traded at $207.16, up 0.18% from the previous session.
As of this writing, 36 analysts cover Lowe’s Companies Inc. (NYSE:LOW). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $290.00 and a low of $154.00, we find $227.00. Given the previous closing price of $206.78, this indicates a potential upside of 9.78 percent. LOW stock price is now 1.96% away from the 50-day moving average and 2.77% away from the 200-day moving average. The market capitalization of the company currently stands at $119.20B.
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There are 15 analysts who have given it a hold rating, whereas 16 have given it a buy rating. Brokers who have rated the stock have averaged $227.93 as their price target over the next twelve months.
With the price target reduced from $235 to $225, Telsey Advisory Group maintained Outperform rating for Lowe’s Companies Inc. (NYSE: LOW).
In other news, Frieson Donald, EVP, Supply Chain sold 13,114 shares of the company’s stock on May 26. The stock was sold for $2,668,016 at an average price of $203.45. Upon completion of the transaction, the EVP, Supply Chain now directly owns 18,020 shares in the company, valued at $3.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, EVP, Merchandising Boltz William P sold 36,341 shares of the business’s stock. A total of $7,377,223 was realized by selling the stock at an average price of $203.00. This leaves the insider owning 24,005 shares of the company worth $4.97 million. Insiders disposed of 354,206 shares of company stock worth roughly $73.38 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LOW stock. A new stake in Lowe’s Companies Inc. shares was purchased by D1 CAPITAL PARTNERS L.P. during the first quarter worth $192,810,000. POINT72 ASSET MANAGEMENT, L.P. invested $83,715,000 in shares of LOW during the first quarter. In the first quarter, FARMER STEVEN PATRICK acquired a new stake in Lowe’s Companies Inc. valued at approximately $63,114,000. CONSULTA LTD acquired a new stake in LOW for approximately $62,459,000. OFI INVEST ASSET MANAGEMENT purchased a new stake in LOW valued at around $59,280,000 in the second quarter. In total, there are 2,841 active investors with 78.40% ownership of the company’s stock.
Tuesday morning saw Lowe’s Companies Inc. (NYSE: LOW) opened at $206.54. During the past 12 months, Lowe’s Companies Inc. has had a low of $170.12 and a high of $223.31. According to the stock market information, the enterprise value for the company is $158.32B, which is based on a 20.16 price-to-earnings ratio, a 3.01 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for LOW is $203.53 and a two-hundred day moving average price translates $201.54 for the stock.
The latest earnings results from Lowe’s Companies Inc. (NYSE: LOW) was released for May, 2023. According to the Home Improvement Retail Company, earnings per share came in at $3.67, beating analysts’ expectations of $3.44 by 0.23. This compares to $3.52 EPS in the same period last year. The net profit margin was 6.60% and return on equity was -50.50% for LOW. The company reported revenue of $22.35 billion for the quarter, compared to $23.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.55 percent. For the current quarter, analysts expect LOW to generate $25.06B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/09/2023. Investors who held shares on 07/26/2023 were paid a $1.10 dividend. On an annualized basis, this represents a $4.40 dividend and a 2.12% percent yield. There was an ex-dividend date of 07/25/2023 for this dividend. In terms of dividend payout ratio, LOW is presently at 30.60%.
Lowe’s Companies Inc.(LOW) 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. In addition, the company offers installation services through independent contractors in various product categories; and extended protection plans and repair services. It sells its national brand-name merchandise and private brand products to professional customers, homeowners, and renters. The company also sells its products through Lowes.com website; and through mobile applications. Lowe’s Companies, Inc. was founded in 1921 and is based in Mooresville, North Carolina.
