Lowe’s Companies’ (LOW) Buy Rating Reiterated at Guggenheim

Guggenheim reissued their buy rating on shares of Lowe’s Companies (NYSE:LOW) in a report released on Monday morning, MarketBeat.com reports. Guggenheim currently has a $275.00 target price on the home improvement retailer’s stock.

Several other research analysts have also recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $231.00 price target on shares of Lowe’s Companies in a report on Thursday, August 20th. UBS Group cut their target price on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. KeyCorp reaffirmed an “overweight” rating and issued a $275.00 target price on shares of Lowe’s Companies in a report on Thursday, August 20th. Citigroup dropped their price target on Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Finally, Truist Financial reduced their price objective on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $257.63.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $191.35 on Monday. The stock has a market cap of $107.36 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 2.61 and a beta of 0.85. Lowe’s Companies has a fifty-two week low of $188.22 and a fifty-two week high of $293.06. The firm’s 50-day simple moving average is $207.97 and its 200 day simple moving average is $220.85.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping analysts’ consensus estimates of $4.22 by $0.18. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The firm had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same period in the previous year, the company posted $4.33 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, sell-side analysts predict that Lowe’s Companies will post 12.26 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LOW. Sankala Group LLC bought a new position in Lowe’s Companies during the fourth quarter worth about $33,000. Markowski Investments purchased a new position in shares of Lowe’s Companies in the second quarter worth about $33,000. IAG Wealth Partners LLC raised its position in shares of Lowe’s Companies by 178.6% in the first quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 100 shares during the period. Provenance Wealth Advisors LLC raised its position in shares of Lowe’s Companies by 416.7% in the first quarter. Provenance Wealth Advisors LLC now owns 186 shares of the home improvement retailer’s stock valued at $44,000 after purchasing an additional 150 shares during the period. Finally, Legacy Wealth Managment LLC ID lifted its stake in shares of Lowe’s Companies by 219.7% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer’s stock valued at $46,000 after buying an additional 134 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.