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

Lowe’s Companies (NYSE:LOW) had its price target cut by Argus from $290.00 to $286.00 in a research report issued on Tuesday,MarketScreener reports. The brokerage presently has a “buy” rating on the home improvement retailer’s stock. Argus’ price objective suggests a potential upside of 15.83% from the company’s current price.

LOW has been the subject of several other research reports. Piper Sandler upped their price target on shares of Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Weiss Ratings cut shares of Lowe’s Companies from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, November 28th. Bank of America lowered their target price on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Wells Fargo & Company dropped their price target on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Finally, KeyCorp upped their price objective 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. Sixteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $275.08.

Lowe’s Companies Trading Up 1.5%

NYSE:LOW opened at $246.91 on Tuesday. Lowe’s Companies has a 1 year low of $206.38 and a 1 year high of $280.64. The stock has a 50-day moving average price of $239.45 and a two-hundred day moving average price of $238.20. The stock has a market cap of $138.51 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 4.08 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The company had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. During the same quarter last year, the firm posted $2.89 earnings per share. Lowe’s Companies’s revenue was up 3.2% compared to the same quarter last year. 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 earnings per share for the current year.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Lowe’s Companies

A number of large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $1,773,624,000. Nuveen LLC bought a new position in shares of Lowe’s Companies in the first quarter worth $681,215,000. Wellington Management Group LLP raised its stake in Lowe’s Companies by 102.0% in the third quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock valued at $1,056,585,000 after purchasing an additional 2,122,622 shares in the last quarter. Victory Capital Management Inc. lifted its position in Lowe’s Companies by 207.2% during the third quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock worth $517,218,000 after purchasing an additional 1,388,133 shares during the period. Finally, Tableaux LLC acquired a new stake in Lowe’s Companies during the second quarter worth about $282,884,000. 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.