Lowe’s Companies (NYSE:LOW) Price Target Raised to $266.00

Lowe’s Companies (NYSE:LOW) had its target price raised by DA Davidson from $240.00 to $266.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a neutral rating on the home improvement retailer’s stock. DA Davidson also issued estimates for Lowe’s Companies’ Q3 2026 earnings at $2.94 EPS and FY2026 earnings at $12.28 EPS.

Several other research analysts have also recently issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Thursday. Wells Fargo & Company cut their price objective on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Citigroup cut their price objective on Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Barclays increased their price objective on Lowe’s Companies from $245.00 to $277.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Stifel Nicolaus increased their price objective on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research report on Monday, August 18th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $284.33.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $263.5780 on Thursday. Lowe’s Companies has a 12 month low of $206.38 and a 12 month high of $287.01. The stock has a market cap of $147.72 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 2.49 and a beta of 0.89. The stock’s 50 day moving average price is $230.09 and its 200 day moving average price is $230.20.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter in the previous year, the company earned $4.10 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, sell-side analysts expect that Lowe’s Companies will post 11.9 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were issued a $1.20 dividend. The ex-dividend date was Wednesday, July 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. Lowe’s Companies’s dividend payout ratio is currently 39.77%.

Insiders Place Their Bets

In other news, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the sale, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Juliette Williams Pryor sold 1,130 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the transaction, the executive vice president directly owned 31,898 shares in the company, valued at $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lowe’s Companies

A number of hedge funds have recently modified their holdings of the stock. Gen Wealth Partners Inc increased its stake in shares of Lowe’s Companies by 1.9% in the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock worth $534,000 after acquiring an additional 40 shares during the last quarter. Waterloo Capital L.P. raised its holdings in Lowe’s Companies by 1.2% during the second quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock valued at $767,000 after buying an additional 41 shares in the last quarter. Second Line Capital LLC raised its holdings in Lowe’s Companies by 0.9% during the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer’s stock valued at $1,183,000 after buying an additional 44 shares in the last quarter. Vertex Planning Partners LLC raised its holdings in Lowe’s Companies by 2.9% during the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $369,000 after buying an additional 44 shares in the last quarter. Finally, Operose Advisors LLC raised its holdings in Lowe’s Companies by 1.4% during the second quarter. Operose Advisors LLC now owns 3,331 shares of the home improvement retailer’s stock valued at $739,000 after buying an additional 45 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

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.