Stifel Nicolaus Raises Lowe’s Companies (NYSE:LOW) Price Target to $250.00

Lowe’s Companies (NYSE:LOW) had its target price raised by equities researchers at Stifel Nicolaus from $230.00 to $250.00 in a report issued on Monday, MarketBeat.com reports. The firm presently has a “hold” rating on the home improvement retailer’s stock. Stifel Nicolaus’ target price suggests a potential upside of 2.82% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price objective on Lowe’s Companies from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Barclays set a $267.00 target price on Lowe’s Companies in a research report on Thursday, August 21st. TD Cowen reduced their price target on shares of Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating on the stock in a research report on Friday, November 21st. Finally, UBS Group decreased their price target on shares of Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Sixteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $275.08.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $243.14 on Monday. The firm has a fifty day moving average price of $239.66 and a 200-day moving average price of $238.14. Lowe’s Companies has a 1 year low of $206.38 and a 1 year high of $280.64. The company has a market cap of $136.39 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.21 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $20.88 billion. During the same quarter in the previous year, the company earned $2.89 EPS. Lowe’s Companies’s revenue for the quarter 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. Equities research analysts expect that Lowe’s Companies will post 11.9 EPS for the current year.

Insider Activity

In other news, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the transaction, the executive vice president directly owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president 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 SEC filing for this sale provides additional information. 0.27% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its position in shares of Lowe’s Companies by 6.0% in the 3rd quarter. Allworth Financial LP now owns 29,960 shares of the home improvement retailer’s stock worth $7,529,000 after purchasing an additional 1,690 shares during the period. Swiss Life Asset Management Ltd increased its holdings in Lowe’s Companies by 16.5% during the third quarter. Swiss Life Asset Management Ltd now owns 89,042 shares of the home improvement retailer’s stock valued at $22,377,000 after buying an additional 12,583 shares during the period. Groupama Asset Managment bought a new position in Lowe’s Companies in the third quarter worth approximately $1,631,000. Investment Research Partners LLC purchased a new stake in Lowe’s Companies during the third quarter worth $1,240,000. Finally, Cambria Investment Management L.P. lifted its holdings in Lowe’s Companies by 112.1% during the third quarter. Cambria Investment Management L.P. now owns 3,395 shares of the home improvement retailer’s stock worth $853,000 after buying an additional 1,794 shares during the period. 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.