Wolfe Research Has Lowered Expectations for Lowe’s Companies (NYSE:LOW) Stock Price

Lowe’s Companies (NYSE:LOW) had its price objective decreased by stock analysts at Wolfe Research from $308.00 to $285.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage currently has an “outperform” rating on the home improvement retailer’s stock. Wolfe Research’s price target would suggest a potential upside of 17.89% from the stock’s current price.

LOW has been the topic of a number of other reports. Weiss Ratings restated a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday, October 8th. Telsey Advisory Group cut their target price on Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Wells Fargo & Company lowered their price target on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Lowe’s Companies from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Sixteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $273.79.

Lowe’s Companies Stock Up 1.5%

Lowe’s Companies stock traded up $3.64 during mid-day trading on Monday, reaching $241.74. 2,302,262 shares of the company’s stock traded hands, compared to its average volume of 2,767,981. Lowe’s Companies has a 12-month low of $206.38 and a 12-month high of $280.64. The stock has a 50 day moving average of $241.25 and a two-hundred day moving average of $237.76. The company has a market cap of $135.57 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The firm had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, 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 other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was 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. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lowe’s Companies

Institutional investors have recently modified their holdings of the stock. Waterloo Capital L.P. grew its stake in Lowe’s Companies by 1.2% in the second quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock worth $767,000 after purchasing an additional 41 shares in the last quarter. TruWealth Advisors LLC lifted its holdings in shares of Lowe’s Companies by 2.7% in the 3rd quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock worth $397,000 after buying an additional 42 shares during the period. Cypress Wealth Services LLC lifted its holdings in shares of Lowe’s Companies by 2.0% in the 3rd quarter. Cypress Wealth Services LLC now owns 2,191 shares of the home improvement retailer’s stock worth $551,000 after buying an additional 42 shares during the period. Hidden Cove Wealth Management LLC grew its position in shares of Lowe’s Companies by 4.6% during the 3rd quarter. Hidden Cove Wealth Management LLC now owns 960 shares of the home improvement retailer’s stock worth $241,000 after buying an additional 42 shares in the last quarter. Finally, Vertex Planning Partners LLC grew its position in shares of Lowe’s Companies by 2.9% during the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock worth $369,000 after buying an additional 44 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other 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.