Research Analysts’ Weekly Ratings Updates for Lowe’s Companies (LOW)

Posted by Editorial Team on Jan 3rd, 2025

Lowe's Companies logo Several analysts have recently updated their ratings and price targets for Lowe’s Companies (NYSE: LOW):

12/12/2024 – Lowe’s Companies had its price target raised by analysts at Royal Bank of Canada from $291.00 to $292.00. They now have a “sector perform” rating on the stock.
12/12/2024 – Lowe’s Companies had its price target raised by analysts at Sanford C. Bernstein from $301.00 to $304.00. They now have an “outperform” rating on the stock.
12/12/2024 – Lowe’s Companies had its price target raised by analysts at Mizuho from $282.00 to $305.00. They now have an “outperform” rating on the stock.
12/12/2024 – Lowe’s Companies had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $305.00 price target on the stock.
12/12/2024 – Lowe’s Companies had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $250.00 price target on the stock.
12/12/2024 – Lowe’s Companies had its price target raised by analysts at Evercore ISI from $270.00 to $290.00. They now have an “in-line” rating on the stock.
12/12/2024 – Lowe’s Companies had its price target lowered by analysts at Truist Financial Co. from $310.00 to $307.00. They now have a “buy” rating on the stock.
12/12/2024 – Lowe’s Companies had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $300.00 price target on the stock.
12/11/2024 – Lowe’s Companies had its price target raised by analysts at Stifel Nicolaus from $265.00 to $270.00. They now have a “hold” rating on the stock.
11/20/2024 – Lowe’s Companies had its price target raised by analysts at Royal Bank of Canada from $290.00 to $291.00. They now have a “sector perform” rating on the stock.
11/20/2024 – Lowe’s Companies had its price target lowered by analysts at Sanford C. Bernstein from $306.00 to $301.00. They now have an “outperform” rating on the stock.
11/20/2024 – Lowe’s Companies had its price target raised by analysts at Mizuho from $280.00 to $282.00. They now have an “outperform” rating on the stock.
11/20/2024 – Lowe’s Companies had its price target raised by analysts at DA Davidson from $240.00 to $270.00. They now have a “neutral” rating on the stock.
11/20/2024 – Lowe’s Companies had its price target raised by analysts at Evercore ISI from $255.00 to $270.00. They now have an “in-line” rating on the stock.
11/20/2024 – Lowe’s Companies had its price target raised by analysts at Barclays PLC from $229.00 to $245.00. They now have an “equal weight” rating on the stock.
11/20/2024 – Lowe’s Companies had its price target raised by analysts at Truist Financial Co. from $307.00 to $310.00. They now have a “buy” rating on the stock.
11/19/2024 – Lowe’s Companies had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $305.00 price target on the stock.
11/11/2024 – Lowe’s Companies had its price target raised by analysts at Stifel Nicolaus from $250.00 to $260.00. They now have a “hold” rating on the stock.
11/8/2024 – Lowe’s Companies was upgraded by analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating. They now have a $305.00 price target on the stock, up previously from $275.00.
11/7/2024 – Lowe’s Companies had its price target raised by analysts at Truist Financial Co. from $306.00 to $307.00. They now have a “buy” rating on the stock.
11/6/2024 – Lowe’s Companies had its price target raised by analysts at Wells Fargo & Company from $280.00 to $295.00. They now have an “overweight” rating on the stock.

Lowe’s Companies Stock Up 0.1 %

LOW traded up $0.18 during trading on Thursday, hitting $246.98. The company’s stock had a trading volume of 2,740,972 shares, compared to its average volume of 2,440,164. The firm’s 50 day moving average price is $263.19 and its two-hundred day moving average price is $252.19. The stock has a market capitalization of $139.46 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09. Lowe’s Companies, Inc. has a 12 month low of $209.55 and a 12 month high of $287.01.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a yield of 1.86%. Lowe’s Companies’s dividend payout ratio is currently 38.37%.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Lowe’s Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in shares of Lowe’s Companies by 4.0% in the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock valued at $175,944,000 after acquiring an additional 24,812 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of Lowe’s Companies by 0.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 789,013 shares of the home improvement retailer’s stock worth $213,704,000 after purchasing an additional 2,225 shares during the last quarter. Brass Tax Wealth Management Inc. raised its stake in shares of Lowe’s Companies by 7.7% during the 3rd quarter. Brass Tax Wealth Management Inc. now owns 2,217 shares of the home improvement retailer’s stock worth $600,000 after purchasing an additional 158 shares in the last quarter. Copley Financial Group Inc. acquired a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $247,000. Finally, Fidelity D & D Bancorp Inc. increased its holdings in Lowe’s Companies by 13.8% during the third quarter. Fidelity D & D Bancorp Inc. now owns 2,240 shares of the home improvement retailer’s stock worth $607,000 after buying an additional 271 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

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.