Lowe’s Companies (NYSE:LOW) Price Target Lowered to $256.00 at Truist Financial

Lowe’s Companies (NYSE:LOW) had its target price trimmed by Truist Financial from $267.00 to $256.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the home improvement retailer’s stock.

A number of other equities research analysts have also commented on LOW. Guggenheim reissued a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 21st. Evercore ISI reaffirmed a “positive” rating on shares of Lowe’s Companies in a research note on Thursday. Oppenheimer upped their target price on shares of Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Wells Fargo & Company lowered their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday, October 8th. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $276.41.

Lowe’s Companies Price Performance

Shares of NYSE:LOW traded up $4.62 during trading on Thursday, reaching $233.05. The stock had a trading volume of 1,112,309 shares, compared to its average volume of 2,737,952. The business’s 50-day moving average price is $244.06 and its 200 day moving average price is $237.33. Lowe’s Companies has a 52 week low of $206.38 and a 52 week high of $280.64. The stock has a market capitalization of $130.70 billion, a PE ratio of 19.19, a P/E/G ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data 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. The firm had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Analysts forecast that Lowe’s Companies will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 annualized dividend and a yield of 2.1%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.80%.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction on 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 transaction, the executive vice president directly owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the transaction, the executive vice president directly owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 52,931 shares of company stock valued at $14,381,752. Corporate insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Lowe’s Companies

Several institutional investors have recently modified their holdings of the business. Brighton Jones LLC increased its position in shares of Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after acquiring an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 259 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Lowe’s Companies by 116.9% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 3,099 shares of the home improvement retailer’s stock worth $723,000 after purchasing an additional 1,670 shares during the period. Roundview Capital LLC increased its holdings in Lowe’s Companies by 1.1% during the 1st quarter. Roundview Capital LLC now owns 10,421 shares of the home improvement retailer’s stock worth $2,430,000 after purchasing an additional 109 shares in the last quarter. Finally, AE Wealth Management LLC raised its stake in shares of Lowe’s Companies by 10.2% in the 1st quarter. AE Wealth Management LLC now owns 15,364 shares of the home improvement retailer’s stock valued at $3,583,000 after purchasing an additional 1,417 shares during the period. Institutional investors own 74.06% of the company’s stock.

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.