Lowe’s Companies (NYSE:LOW) Given New $285.00 Price Target at Jefferies Financial Group

Lowe’s Companies (NYSE:LOW) had its price objective raised by Jefferies Financial Group from $280.00 to $285.00 in a research report report published on Friday morning,MarketScreener reports. The brokerage currently has a buy rating on the home improvement retailer’s stock.

Several other analysts have also issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Lowe’s Companies in a research note on Wednesday, December 10th. HSBC decreased their price target on shares of Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a research note on Friday, November 21st. Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Truist Financial set a $269.00 target price on Lowe’s Companies in a research note on Wednesday. Finally, Stifel Nicolaus upped their price target on shares of Lowe’s Companies from $230.00 to $250.00 and gave the stock a “hold” rating in a report on Monday, December 1st. Seventeen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $276.80.

Lowe’s Companies Trading Down 2.8%

Shares of LOW opened at $240.72 on Friday. The stock’s 50-day moving average price is $239.68 and its two-hundred day moving average price is $239.90. Lowe’s Companies has a 12 month low of $206.38 and a 12 month high of $274.98. The company has a market capitalization of $135.03 billion, a PE ratio of 19.96, a PEG ratio of 3.99 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.09. The firm had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Equities research analysts predict that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be paid a $1.20 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s payout ratio is currently 39.80%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. SeaBridge Investment Advisors LLC grew its holdings in Lowe’s Companies by 3.7% during the second quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock worth $2,859,000 after acquiring an additional 465 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Lowe’s Companies by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock valued at $34,322,000 after purchasing an additional 3,947 shares in the last quarter. Strathmore Capital Advisors Inc. acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at $2,717,000. First Pacific Financial boosted its holdings in Lowe’s Companies by 147.3% during the second quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock worth $611,000 after buying an additional 1,639 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in Lowe’s Companies by 0.7% during the second quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock valued at $183,344,000 after buying an additional 5,820 shares during the period. 74.06% of the stock is currently owned by institutional investors.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.