KeyCorp Increases Lowe’s Companies (NYSE:LOW) Price Target to $300.00

Lowe’s Companies (NYSE:LOW) had its price objective increased by equities research analysts at KeyCorp from $266.00 to $300.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the home improvement retailer’s stock. KeyCorp’s target price suggests a potential upside of 13.82% from the stock’s previous close.

LOW has been the subject of a number of other reports. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. reduced their target price on shares of Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Sanford C. Bernstein set a $266.00 target price on shares of Lowe’s Companies and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Citigroup reduced their target price on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Finally, Robert W. Baird increased their target price on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $284.33.

Lowe’s Companies Trading Up 3.1%

Shares of NYSE LOW opened at $263.5780 on Thursday. Lowe’s Companies has a twelve month low of $206.38 and a twelve month high of $287.01. The stock has a fifty day simple moving average of $230.09 and a 200-day simple moving average of $230.39. The stock has a market capitalization of $147.72 billion, a PE ratio of 21.66, a PEG ratio of 2.41 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. During the same period in the previous year, the firm posted $4.10 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities analysts predict that Lowe’s Companies will post 11.9 earnings per share for the current year.

Insider Activity at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the transaction, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 1,130 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the transaction, the executive vice president owned 31,898 shares of the company’s stock, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Brighton Jones LLC increased its position in Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after buying an additional 17,413 shares during the period. Revolve Wealth Partners LLC increased its position in Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after buying an additional 259 shares during the period. MGO One Seven LLC increased its position in Lowe’s Companies by 4.2% during the fourth quarter. MGO One Seven LLC now owns 15,276 shares of the home improvement retailer’s stock worth $3,770,000 after buying an additional 611 shares during the period. Coppell Advisory Solutions LLC increased its position in Lowe’s Companies by 17.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 2,363 shares of the home improvement retailer’s stock worth $583,000 after buying an additional 351 shares during the period. Finally, Burling Wealth Partners LLC acquired a new position in Lowe’s Companies during the fourth quarter worth approximately $466,000. Institutional investors and hedge funds own 74.06% 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.