UBS Group Forecasts Strong Price Appreciation for Lowe’s Companies (NYSE:LOW) Stock

Lowe’s Companies (NYSE:LOW) had its price objective raised by analysts at UBS Group from $300.00 to $325.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the home improvement retailer’s stock. UBS Group’s target price would suggest a potential upside of 23.30% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company decreased their price objective on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Truist Financial set a $264.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Royal Bank Of Canada decreased their price objective on shares of Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating for the company in a research note on Thursday, May 22nd. Piper Sandler raised their price objective on shares of Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Sanford C. Bernstein set a $266.00 price objective on shares of Lowe’s Companies and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $284.33.

Lowe’s Companies Stock Up 3.1%

Lowe’s Companies stock opened at $263.5780 on Thursday. The company’s 50-day moving average price is $230.09 and its 200-day moving average price is $230.39. Lowe’s Companies has a twelve month low of $206.38 and a twelve month high of $287.01. The company has a market cap of $147.72 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.41 and a beta of 0.89.

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

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 40,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This represents a 13.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Juliette Williams Pryor sold 1,130 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The stock was 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 in the company, valued at $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lowe’s Companies

Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue lifted its position in shares of Lowe’s Companies by 1.2% in the 1st quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer’s stock worth $29,223,000 after purchasing an additional 1,470 shares during the period. Aptus Capital Advisors LLC lifted its position in shares of Lowe’s Companies by 14.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 106,305 shares of the home improvement retailer’s stock worth $26,236,000 after purchasing an additional 13,092 shares during the period. Larson Financial Group LLC lifted its position in shares of Lowe’s Companies by 8.1% in the 1st quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock worth $3,860,000 after purchasing an additional 1,242 shares during the period. Northern Trust Corp lifted its position in shares of Lowe’s Companies by 16.3% in the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock worth $1,745,960,000 after purchasing an additional 993,833 shares during the period. Finally, Advent Capital Management DE lifted its position in shares of Lowe’s Companies by 20.0% in the 1st quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock worth $4,198,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other 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.