JPMorgan Chase & Co. Lowers Lowe’s Companies (NYSE:LOW) Price Target to $275.00

Lowe’s Companies (NYSE:LOW) had its price objective dropped by JPMorgan Chase & Co. from $283.00 to $275.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the home improvement retailer’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 16.76% from the company’s current price.

Several other equities analysts have also recently weighed in on LOW. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Wells Fargo & Company increased their target price on shares of Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. KeyCorp lifted their price target on shares of Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Evercore ISI cut their price target on shares of Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $280.50.

Lowe’s Companies Stock Up 1.1%

Shares of NYSE:LOW opened at $235.53 on Monday. The company’s fifty day simple moving average is $249.68 and its 200 day simple moving average is $237.31. The firm has a market cap of $132.09 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.21 and a beta of 0.87. Lowe’s Companies has a 12 month low of $206.38 and a 12 month high of $280.64.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $23.99 billion. During the same quarter last year, the business posted $4.10 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts expect that Lowe’s Companies will post 11.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the business’s 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 of the company’s stock, valued at $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. This represents a 2.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,931 shares of company stock worth $24,945,752 in the last three months. 0.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lowe’s Companies

Several hedge funds have recently added to or reduced their stakes in LOW. Howard Hughes Medical Institute acquired a new stake in shares of Lowe’s Companies during the 2nd quarter worth about $27,000. Solstein Capital LLC raised its holdings in Lowe’s Companies by 627.8% in the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 113 shares during the period. Activest Wealth Management lifted its position in Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 51 shares during the last quarter. Traub Capital Management LLC acquired a new stake in Lowe’s Companies during the second quarter worth approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Lowe’s Companies by 128.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds 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.