TD Cowen Issues Pessimistic Forecast for Lowe’s Companies (NYSE:LOW) Stock Price

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

A number of other research firms also recently weighed in on LOW. HSBC dropped their price target on shares of Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating on the stock in a research note on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Wednesday, October 8th. Piper Sandler boosted their target price on shares of Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 21st. Finally, Truist Financial cut their price objective on Lowe’s Companies from $267.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday. Sixteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $274.75.

Lowe’s Companies Trading Up 2.5%

Shares of LOW opened at $234.12 on Friday. The business’s 50-day moving average price is $243.31 and its 200 day moving average price is $237.49. Lowe’s Companies has a 1-year low of $206.38 and a 1-year high of $280.64. The stock has a market capitalization of $131.30 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. During the same period in the previous year, the business earned $2.89 EPS. The company’s revenue was up 3.2% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, research analysts predict that Lowe’s Companies will post 11.9 earnings per share for the current year.

Insider Activity

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the transaction, the executive vice president directly owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares in the company, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 52,931 shares of company stock worth $14,381,752. Company insiders own 0.27% of the company’s stock.

Institutional Trading of Lowe’s Companies

Large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Lowe’s Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 259 shares in the last quarter. Y Intercept Hong Kong Ltd increased its position in Lowe’s Companies by 116.9% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 3,099 shares of the home improvement retailer’s stock valued at $723,000 after acquiring an additional 1,670 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of Lowe’s Companies by 10.2% during the first quarter. AE Wealth Management LLC now owns 15,364 shares of the home improvement retailer’s stock worth $3,583,000 after purchasing an additional 1,417 shares in the last quarter. Finally, Brookwood Investment Group LLC acquired a new position in shares of Lowe’s Companies during the first quarter worth approximately $251,000. 74.06% of the stock is owned by institutional investors.

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.