Lowe’s Companies, Inc. (NYSE:LOW) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Lowe’s Companies, Inc. (NYSE:LOW) have received an average rating of “Moderate Buy” from the thirty-six brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and twenty-three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $264.5667.

Several research analysts recently issued reports on the company. Piper Sandler cut their target price on Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. UBS Group cut their target price on Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Mizuho cut their target price on Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Wells Fargo & Company cut their target price on Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Finally, TD Cowen cut their target price on Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st.

Lowe’s Companies Stock Down 0.6%

Shares of NYSE:LOW opened at $206.43 on Wednesday. The stock has a market cap of $115.75 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 2.62 and a beta of 0.86. Lowe’s Companies has a 12-month low of $204.51 and a 12-month high of $293.06. The business’s 50 day moving average is $232.06 and its 200 day moving average is $247.26.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.06. The company had revenue of $23.08 billion for the quarter, compared to analysts’ expectations of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.Lowe’s Companies’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities research analysts expect that Lowe’s Companies will post 12.5 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be given a $1.25 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s payout ratio is presently 40.57%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Providence Wealth Advisors LLC boosted its position in Lowe’s Companies by 0.5% during the 4th quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock valued at $1,959,000 after acquiring an additional 36 shares in the last quarter. Rather & Kittrell Inc. boosted its position in Lowe’s Companies by 0.4% during the 4th quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer’s stock valued at $2,503,000 after acquiring an additional 38 shares in the last quarter. First Command Advisory Services Inc. boosted its position in Lowe’s Companies by 1.3% during the 4th quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer’s stock valued at $711,000 after acquiring an additional 38 shares in the last quarter. Walkner Condon Financial Advisors LLC boosted its position in Lowe’s Companies by 4.3% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer’s stock valued at $228,000 after acquiring an additional 39 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE boosted its position in Lowe’s Companies by 1.1% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer’s stock valued at $898,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.