Lowe’s Companies (NYSE:LOW) Price Target Lowered to $230.00 at Stifel Nicolaus

Lowe’s Companies (NYSE:LOW) had its price objective lowered by Stifel Nicolaus from $275.00 to $230.00 in a report published on Friday morning, MarketBeat.com reports. Stifel Nicolaus currently has a hold rating on the home improvement retailer’s stock.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Oppenheimer lifted their price target on shares of Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada raised their target price on shares of Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, August 21st. Finally, Mizuho lifted their target price on Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $278.91.

Lowe’s Companies Trading Down 1.7%

Lowe’s Companies stock traded down $3.88 during midday trading on Friday, hitting $227.59. The stock had a trading volume of 2,691,895 shares, compared to its average volume of 2,690,532. The business has a fifty day moving average price of $247.66 and a 200 day moving average price of $237.29. Lowe’s Companies has a 12 month low of $206.38 and a 12 month high of $280.64. The stock has a market cap of $127.64 billion, a P/E ratio of 18.70, a P/E/G ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter last year, the business posted $4.10 EPS. Lowe’s Companies’s quarterly revenue was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities analysts anticipate that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Insiders Place Their Bets

In other news, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the transaction, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the transaction, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 92,931 shares of company stock worth $24,945,752. Insiders own 0.27% of the company’s stock.

Institutional Trading of Lowe’s Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in LOW. Brighton Jones LLC increased its position in shares of Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC grew its holdings in Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after acquiring an additional 259 shares during the period. Bailard Inc. raised its position in Lowe’s Companies by 7.3% in the first quarter. Bailard Inc. now owns 7,797 shares of the home improvement retailer’s stock worth $1,818,000 after acquiring an additional 531 shares in the last quarter. Markel Group Inc. lifted its holdings in Lowe’s Companies by 1.0% in the 1st quarter. Markel Group Inc. now owns 708,230 shares of the home improvement retailer’s stock valued at $165,180,000 after acquiring an additional 6,750 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Lowe’s Companies by 46.7% in the 1st quarter. Jennison Associates LLC now owns 407,789 shares of the home improvement retailer’s stock valued at $95,109,000 after acquiring an additional 129,780 shares during the last quarter. 74.06% of the stock is currently owned by 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.