Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) – Equities research analysts at Telsey Advisory Group decreased their FY2024 earnings estimates for shares of Lowe’s Companies in a research note issued on Friday, February 24th. Telsey Advisory Group analyst J. Feldman now forecasts that the home improvement retailer will post earnings of $13.68 per share for the year, down from their previous estimate of $13.72. Telsey Advisory Group has a “Outperform” rating and a $250.00 price objective on the stock. The consensus estimate for Lowe’s Companies’ current full-year earnings is $13.73 per share. Telsey Advisory Group also issued estimates for Lowe’s Companies’ Q4 2024 earnings at $2.12 EPS and FY2025 earnings at $15.27 EPS.
Several other analysts have also recently commented on the stock. Piper Sandler lifted their price objective on shares of Lowe’s Companies from $248.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, November 17th. JPMorgan Chase & Co. decreased their target price on shares of Lowe’s Companies from $235.00 to $205.00 in a research note on Friday, November 11th. Loop Capital decreased their target price on shares of Lowe’s Companies from $210.00 to $200.00 in a research note on Friday, December 9th. The Goldman Sachs Group boosted their target price on shares of Lowe’s Companies from $241.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, December 7th. Finally, Barclays initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, February 7th. They issued an “equal weight” rating and a $215.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $228.58.
Shares of NYSE LOW opened at $201.54 on Monday. Lowe’s Companies has a 12 month low of $170.12 and a 12 month high of $238.37. The company has a 50 day simple moving average of $206.35 and a two-hundred day simple moving average of $201.95. The stock has a market cap of $125.10 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 1.16 and a beta of 1.13.
In related news, EVP Ross W. Mccanless sold 57,629 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $211.35, for a total value of $12,179,889.15. Following the sale, the executive vice president now owns 26,923 shares of the company’s stock, valued at $5,690,176.05. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Axiom Financial Strategies LLC raised its stake in shares of Lowe’s Companies by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock worth $275,000 after buying an additional 123 shares during the last quarter. United Bank lifted its position in Lowe’s Companies by 6.8% during the 1st quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock worth $1,968,000 after acquiring an additional 617 shares in the last quarter. Prudential PLC acquired a new position in Lowe’s Companies during the 1st quarter worth approximately $1,629,000. Baird Financial Group Inc. raised its position in shares of Lowe’s Companies by 0.4% in the 1st quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock valued at $51,780,000 after purchasing an additional 920 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Lowe’s Companies by 74.6% in the 1st quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock valued at $60,000 after purchasing an additional 126 shares in the last quarter. 72.62% of the stock is currently owned by hedge funds and other institutional investors.
Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.
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