Lowe’s Companies’ (LOW) “Market Perform” Rating Reiterated at Telsey Advisory Group

Lowe’s Companies (NYSE:LOW)‘s stock had its “market perform” rating restated by equities researchers at Telsey Advisory Group in a research report issued to clients and investors on Wednesday, November 15th, Marketbeat Ratings reports. They currently have a $215.00 price target on the home improvement retailer’s stock, down from their previous price target of $225.00. Telsey Advisory Group’s price objective points to a potential upside of 8.54% from the company’s current price. Telsey Advisory Group also issued estimates for Lowe’s Companies’ Q4 2024 earnings at $1.90 EPS, FY2024 earnings at $13.28 EPS, Q1 2025 earnings at $3.75 EPS, Q2 2025 earnings at $4.72 EPS, Q3 2025 earnings at $3.35 EPS, Q4 2025 earnings at $2.08 EPS and FY2025 earnings at $13.95 EPS.

A number of other brokerages have also weighed in on LOW. Piper Sandler raised their target price on Lowe’s Companies from $230.00 to $262.00 and gave the company an “overweight” rating in a research note on Wednesday, August 23rd. TD Cowen raised their price target on Lowe’s Companies from $225.00 to $230.00 and gave the company a “market perform” rating in a report on Wednesday, August 23rd. Wedbush reiterated a “neutral” rating and issued a $230.00 price target on shares of Lowe’s Companies in a report on Wednesday, August 23rd. Oppenheimer reiterated an “outperform” rating and issued a $275.00 price target on shares of Lowe’s Companies in a report on Wednesday, August 9th. Finally, Wells Fargo & Company raised their price target on Lowe’s Companies from $245.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, August 23rd. Twelve investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $242.32.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $198.08 on Wednesday. Lowe’s Companies has a twelve month low of $181.85 and a twelve month high of $237.21. The firm has a market cap of $114.31 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.36 and a beta of 1.07. The business has a fifty day moving average of $200.72 and a 200-day moving average of $213.24.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, November 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.03 by $0.03. Lowe’s Companies had a negative return on equity of 58.56% and a net margin of 6.48%. The company had revenue of $20.74 billion during the quarter, compared to analyst estimates of $20.87 billion. During the same period last year, the company posted $3.27 earnings per share. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, analysts anticipate that Lowe’s Companies will post 13.31 EPS for the current fiscal year.

Insider Activity

In other news, EVP Janice Dupre sold 5,380 shares of Lowe’s Companies stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $231.28, for a total transaction of $1,244,286.40. Following the transaction, the executive vice president now owns 24,216 shares in the company, valued at approximately $5,600,676.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Janice Dupre sold 5,380 shares of Lowe’s Companies stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $231.28, for a total transaction of $1,244,286.40. Following the transaction, the executive vice president now owns 24,216 shares in the company, valued at approximately $5,600,676.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph Michael Mcfarland sold 4,500 shares of Lowe’s Companies stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $222.53, for a total value of $1,001,385.00. Following the transaction, the executive vice president now owns 46,594 shares in the company, valued at approximately $10,368,562.82. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lowe’s Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Invst LLC raised its position in Lowe’s Companies by 2.5% in the 3rd quarter. Invst LLC now owns 4,194 shares of the home improvement retailer’s stock valued at $872,000 after buying an additional 104 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $314,000. Allen Mooney & Barnes Investment Advisors LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $12,710,000. Comerica Bank raised its position in Lowe’s Companies by 33.6% in the 3rd quarter. Comerica Bank now owns 260,582 shares of the home improvement retailer’s stock valued at $54,159,000 after buying an additional 65,558 shares during the last quarter. Finally, Spartan Planning & Wealth Management acquired a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $181,000. Institutional investors and hedge funds own 71.88% 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.