Lowe’s Companies (NYSE:LOW) Price Target Raised to $300.00 at JPMorgan Chase & Co.

Lowe’s Companies (NYSE:LOW) had its price target lifted by equities researchers at JPMorgan Chase & Co. from $275.00 to $300.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the home improvement retailer’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 31.39% from the stock’s current price.

Several other equities analysts have also commented on LOW. UBS Group set a $316.00 target price on Lowe’s Companies in a report on Thursday. Telsey Advisory Group reduced their target price on Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday. Royal Bank Of Canada dropped their target price on Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a research report on Thursday. Piper Sandler raised their target price on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, Oppenheimer boosted their price objective 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. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $276.41.

Lowe’s Companies Stock Down 0.0%

Shares of LOW traded down $0.09 on Thursday, hitting $228.32. 1,986,629 shares of the stock traded hands, compared to its average volume of 2,732,966. The firm has a market capitalization of $128.05 billion, a P/E ratio of 18.76, a P/E/G ratio of 2.21 and a beta of 0.87. The stock’s 50 day moving average is $244.95 and its two-hundred day moving average is $237.39. Lowe’s Companies has a 1 year low of $206.38 and a 1 year high of $280.64.

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, beating the consensus estimate 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 business had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. During the same quarter in the previous year, the business posted $2.89 EPS. The business’s quarterly revenue 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. Research analysts forecast that Lowe’s Companies will post 11.9 EPS for the current year.

Insider Transactions at Lowe’s Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies 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 completion of the sale, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. The trade was a 39.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, the executive vice president directly owned 21,603 shares of the company’s stock, valued at $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. Insiders sold a total of 52,931 shares of company stock valued at $14,381,752 in the last quarter. 0.27% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Waterloo Capital L.P. raised 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 valued at $767,000 after purchasing an additional 41 shares in the last quarter. TruWealth Advisors LLC lifted its position in shares of Lowe’s Companies by 2.7% in the third quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock valued at $397,000 after acquiring an additional 42 shares in the last quarter. Cypress Wealth Services LLC lifted its holdings in 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 purchasing an additional 42 shares in the last quarter. Hidden Cove Wealth Management LLC increased its holdings in shares of Lowe’s Companies by 4.6% in the third quarter. Hidden Cove Wealth Management LLC now owns 960 shares of the home improvement retailer’s stock worth $241,000 after purchasing an additional 42 shares during the last quarter. Finally, Vertex Planning Partners LLC boosted its stake in Lowe’s Companies by 2.9% during the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $369,000 after buying an additional 44 shares during 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, 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.