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

Lowe’s Companies (NYSE:LOW) had its price target lowered by TD Cowen from $275.00 to $250.00 in a research note published on Friday morning,MarketScreener reports. The firm currently has a hold rating on the home improvement retailer’s stock.

Several other equities analysts also recently commented on the company. KeyCorp raised their target price on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Wolfe Research initiated coverage on Lowe’s Companies in a research note on Wednesday, September 17th. They set an “outperform” rating for the company. Wells Fargo & Company cut their price objective on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Telsey Advisory Group dropped their target price on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday. Sixteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus 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 company has a 50-day moving average of $243.31 and a 200-day moving average of $237.59. Lowe’s Companies has a 52 week low of $206.38 and a 52 week high of $280.64. The company has a market capitalization of $131.30 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.21 and a beta of 0.87.

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

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. Lowe’s Companies’s payout ratio is currently 39.80%.

Insider Transactions at Lowe’s Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the firm’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 transaction of $238,938.80. Following the completion of the sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders have sold 52,931 shares of company stock worth $14,381,752. Corporate insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Lowe’s Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC increased its position 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 during the period. Revolve Wealth Partners LLC boosted its stake in shares of 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 purchasing an additional 259 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of Lowe’s Companies by 116.9% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 3,099 shares of the home improvement retailer’s stock worth $723,000 after buying an additional 1,670 shares during the period. AE Wealth Management LLC grew its position in shares of Lowe’s Companies by 10.2% during the 1st quarter. AE Wealth Management LLC now owns 15,364 shares of the home improvement retailer’s stock worth $3,583,000 after buying an additional 1,417 shares during the period. Finally, Brookwood Investment Group LLC bought a new stake in shares of Lowe’s Companies during the first quarter worth approximately $251,000. Institutional investors own 74.06% of the company’s stock.

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.