Lowe’s Companies (NYSE:LOW) Reaches New 52-Week Low – Here’s What Happened

Lowe’s Companies, Inc. (NYSE:LOW) reached a new 52-week low on Monday . The stock traded as low as $188.55 and last traded at $188.9080, with a volume of 251918 shares trading hands. The stock had previously closed at $192.49.

Analyst Ratings Changes

A number of equities analysts have issued reports on LOW shares. JPMorgan Chase & Co. decreased their price objective on Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Piper Sandler dropped their target price on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $231.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. DA Davidson reiterated a “neutral” rating and issued a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, August 19th. Finally, TD Cowen reissued a “hold” rating and set a $235.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 20th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $257.63.

Lowe’s Companies Price Performance

The stock has a 50 day simple moving average of $208.90 and a 200-day simple moving average of $222.20. The firm has a market cap of $106.94 billion, a PE ratio of 16.13, a PEG ratio of 2.56 and a beta of 0.85.

Lowe’s Companies (NYSE:LOW) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $26.13 billion. During the same period in the prior year, the firm posted $4.33 earnings per share. The company’s quarterly 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. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 12.26 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Institutional Trading of Lowe’s Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Lowe’s Companies by 1.8% during the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after buying an additional 714,092 shares during the last quarter. Geode Capital Management LLC lifted its position in Lowe’s Companies by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock valued at $3,201,329,000 after acquiring an additional 887,579 shares in the last quarter. Norges Bank bought a new position in Lowe’s Companies in the 4th quarter valued at approximately $1,993,697,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Lowe’s Companies by 8.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,029,665 shares of the home improvement retailer’s stock valued at $1,212,954,000 after purchasing an additional 411,154 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in 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 purchasing an additional 201,803 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

About Lowe’s Companies

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.