Oppenheimer Has Lowered Expectations for Lowe’s Companies (NYSE:LOW) Stock Price

Lowe’s Companies (NYSE:LOW) had its price target dropped by equities researchers at Oppenheimer from $320.00 to $315.00 in a report issued on Friday,MarketScreener reports. The firm presently has an “outperform” rating on the home improvement retailer’s stock. Oppenheimer’s price target points to a potential upside of 27.63% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Weiss Ratings downgraded shares of Lowe’s Companies from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, November 28th. Telsey Advisory Group reduced their price target on Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Guggenheim reaffirmed a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 21st. TD Cowen dropped their price objective on Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating for the company in a report on Friday, November 21st. Finally, DA Davidson reduced their target price on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Sixteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $274.88.

Lowe’s Companies Stock Performance

Shares of LOW opened at $246.81 on Friday. Lowe’s Companies has a fifty-two week low of $206.38 and a fifty-two week high of $280.64. The firm has a 50 day moving average price of $239.26 and a 200-day moving average price of $238.26. The firm has a market cap of $138.45 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 4.09 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. During the same period in the previous year, the firm posted $2.89 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that Lowe’s Companies will post 11.9 earnings per share for the current year.

Insider Activity at Lowe’s Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Lowe’s Companies

Several institutional investors and hedge funds have recently made changes to their positions in LOW. Waterloo Capital L.P. raised its position in Lowe’s Companies by 1.2% in the 2nd quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock worth $767,000 after buying an additional 41 shares during the last quarter. TruWealth Advisors LLC raised its stake in Lowe’s Companies by 2.7% during the 3rd quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock valued at $397,000 after buying an additional 42 shares during the last quarter. Cypress Wealth Services LLC lifted its holdings in shares of Lowe’s Companies by 2.0% during the 3rd quarter. Cypress Wealth Services LLC now owns 2,191 shares of the home improvement retailer’s stock valued at $551,000 after buying an additional 42 shares during the period. Hidden Cove Wealth Management LLC boosted its stake in shares of Lowe’s Companies by 4.6% in the 3rd quarter. Hidden Cove Wealth Management LLC now owns 960 shares of the home improvement retailer’s stock worth $241,000 after buying an additional 42 shares during the last quarter. Finally, Vertex Planning Partners LLC grew its holdings in shares of Lowe’s Companies by 2.9% in the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock worth $369,000 after acquiring an additional 44 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

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.