Argus Cuts Lowe’s Companies (NYSE:LOW) Price Target to $286.00

Lowe’s Companies (NYSE:LOW) had its price target decreased by Argus from $290.00 to $286.00 in a research report released on Tuesday morning, MarketBeat.com reports. Argus currently has a buy rating on the home improvement retailer’s stock.

A number of other brokerages have also commented on LOW. Oppenheimer upped their price target on shares of Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Bank of America cut their price objective on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Mizuho decreased their target price on Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Weiss Ratings lowered Lowe’s Companies from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, November 28th. Finally, Evercore ISI reissued a “positive” rating on shares of Lowe’s Companies in a report on Thursday, November 20th. Sixteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.08.

Lowe’s Companies Trading Down 0.4%

LOW stock opened at $245.98 on Tuesday. Lowe’s Companies has a 1-year low of $206.38 and a 1-year high of $280.64. The business’s 50 day simple moving average is $239.26 and its 200 day simple moving average is $238.26. The firm has a market capitalization of $137.98 billion, a PE ratio of 20.40, a PEG ratio of 4.09 and a beta of 0.96.

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, beating the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The business had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. During the same quarter last year, the firm posted $2.89 EPS. The company’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, sell-side analysts predict that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be given a $1.20 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.80%.

Insider Buying and Selling

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.27% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lowe’s Companies

Several hedge funds have recently bought and sold shares of the company. Howard Hughes Medical Institute acquired a new stake in shares of Lowe’s Companies during the 2nd quarter worth approximately $27,000. Solstein Capital LLC lifted its stake in Lowe’s Companies by 627.8% during the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 113 shares during the last quarter. Activest Wealth Management lifted its stake in Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 51 shares during the last quarter. Traub Capital Management LLC acquired a new stake in shares of Lowe’s Companies in the 2nd quarter valued at $30,000. Finally, Vermillion & White Wealth Management Group LLC increased its stake in shares of Lowe’s Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 76 shares during the last quarter. 74.06% of the stock is owned by 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.