Lowe’s Companies (NYSE:LOW) Upgraded to “Strong-Buy” at Guggenheim

Guggenheim upgraded shares of Lowe’s Companies (NYSE:LOW) to a strong-buy rating in a research note issued to investors on Monday,Zacks reports.

Other equities research analysts have also issued research reports about the stock. Citigroup dropped their price target on shares of Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. TD Cowen reissued a “hold” rating and issued a $235.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 20th. DA Davidson restated a “neutral” rating and set a $245.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, August 19th. Morgan Stanley reissued an “overweight” rating on shares of Lowe’s Companies in a research note on Thursday, August 20th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $231.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $257.63.

Lowe’s Companies Trading Down 0.8%

Shares of Lowe’s Companies stock opened at $191.04 on Monday. The stock has a market capitalization of $107.18 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 2.56 and a beta of 0.85. Lowe’s Companies has a twelve month low of $188.22 and a twelve month high of $293.06. The business’s 50 day simple moving average is $208.56 and its 200-day simple moving average is $221.73.

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

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be given a $1.25 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.6%. Lowe’s Companies’s payout ratio is 42.27%.

Hedge Funds Weigh In On Lowe’s Companies

A number of hedge funds have recently modified their holdings of LOW. Natixis Advisors LLC lifted its holdings in shares of Lowe’s Companies by 3.5% in the fourth quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer’s stock valued at $152,161,000 after purchasing an additional 21,119 shares in the last quarter. Bridges Investment Management Inc. raised its position in Lowe’s Companies by 6.1% during the fourth quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer’s stock valued at $107,664,000 after buying an additional 25,609 shares during the period. Kathmere Capital Management LLC lifted its stake in Lowe’s Companies by 133.9% in the 1st quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock worth $2,222,000 after acquiring an additional 5,383 shares in the last quarter. LPL Financial LLC boosted its position in Lowe’s Companies by 2.3% during the 4th quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock worth $239,552,000 after acquiring an additional 22,175 shares during the period. Finally, Nykredit A S acquired a new stake in Lowe’s Companies during the 2nd quarter worth about $42,217,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.