Lowe’s Companies (NYSE:LOW) Price Target Raised to $283.00

Lowe’s Companies (NYSE:LOW) had its target price boosted by JPMorgan Chase & Co. from $280.00 to $283.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the home improvement retailer’s stock.

LOW has been the subject of a number of other reports. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. UBS Group upped their price target on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays upped their price target on shares of Lowe’s Companies from $245.00 to $277.00 and gave the stock an “equal weight” rating in a research note on Thursday. Royal Bank Of Canada upped their price target on shares of Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $284.33.

Lowe’s Companies Trading Up 3.1%

NYSE LOW opened at $263.5780 on Thursday. Lowe’s Companies has a 52 week low of $206.38 and a 52 week high of $287.01. The stock has a market cap of $147.72 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 2.49 and a beta of 0.89. The company has a 50-day moving average price of $230.09 and a two-hundred day moving average price of $230.20.

Lowe’s Companies (NYSE:LOW) last posted 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. The firm had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe’s Companies’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research analysts expect that Lowe’s Companies will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were paid a dividend of $1.20 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, July 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.77%.

Insider Activity at Lowe’s Companies

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

Institutional Investors Weigh In On Lowe’s Companies

Several hedge funds have recently made changes to their positions in the company. Gen Wealth Partners Inc lifted its position in shares of Lowe’s Companies by 1.9% in the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock valued at $534,000 after acquiring an additional 40 shares in the last quarter. Waterloo Capital L.P. lifted its position in shares of Lowe’s Companies by 1.2% in the 2nd quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock valued at $767,000 after acquiring an additional 41 shares in the last quarter. Second Line Capital LLC lifted its position in shares of Lowe’s Companies by 0.9% in the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer’s stock valued at $1,183,000 after acquiring an additional 44 shares in the last quarter. Vertex Planning Partners LLC lifted its position in shares of Lowe’s Companies by 2.9% in the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $369,000 after acquiring an additional 44 shares in the last quarter. Finally, Operose Advisors LLC lifted its position in shares of Lowe’s Companies by 1.4% in the 2nd quarter. Operose Advisors LLC now owns 3,331 shares of the home improvement retailer’s stock valued at $739,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

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.