TD Cowen Lowers Lowe’s Companies (NYSE:LOW) Price Target to $250.00

Lowe’s Companies (NYSE:LOW) had its price objective cut by analysts at TD Cowen from $275.00 to $250.00 in a report issued on Friday,MarketScreener reports. The firm currently has a “hold” rating on the home improvement retailer’s stock. TD Cowen’s price objective indicates a potential upside of 6.78% from the stock’s previous close.

LOW has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on shares of Lowe’s Companies from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday. Telsey Advisory Group reduced their price target on Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Royal Bank Of Canada decreased their target price on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a research report on Thursday. Finally, Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $274.75.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $234.12 on Friday. The firm has a market capitalization of $131.30 billion, a PE ratio of 19.24, a PEG ratio of 2.21 and a beta of 0.87. The stock’s fifty day moving average is $243.31 and its 200 day moving average is $237.39. Lowe’s Companies has a fifty-two week low of $206.38 and a fifty-two week high of $280.64.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. During the same quarter in the previous year, the business posted $2.89 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Equities analysts forecast that Lowe’s Companies will post 11.9 EPS for the current year.

Insider Transactions at Lowe’s Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. This represents a 2.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 52,931 shares of company stock valued at $14,381,752 in the last three months. 0.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lowe’s Companies

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

Lowe’s Companies 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.