Lowe’s Companies (NYSE:LOW) Announces Earnings Results

Lowe’s Companies (NYSE:LOW) posted its quarterly earnings data on Wednesday. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09, Zacks reports. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies updated its FY 2025 guidance to 12.250-12.250 EPS.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $219.65 on Wednesday. Lowe’s Companies has a one year low of $206.38 and a one year high of $280.64. The company has a market cap of $123.19 billion, a P/E ratio of 18.05, a PEG ratio of 2.21 and a beta of 0.87. The firm has a fifty day moving average of $245.71 and a two-hundred day moving average of $237.46.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 2.2%. Lowe’s Companies’s dividend payout ratio is presently 39.44%.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the sale, the executive vice president owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the transaction, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 52,931 shares of company stock worth $14,381,752 over the last ninety days. 0.27% of the stock is currently owned by company insiders.

Institutional Trading of Lowe’s Companies

Institutional investors have recently modified their holdings of the business. Triumph Capital Management acquired a new position in Lowe’s Companies during the third quarter worth $34,000. Osterweis Capital Management Inc. boosted its position in shares of Lowe’s Companies by 4,620.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 236 shares of the home improvement retailer’s stock worth $52,000 after purchasing an additional 231 shares in the last quarter. Wiser Advisor Group LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth $86,000. Strive Asset Management LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth $135,000. Finally, WFA of San Diego LLC purchased a new position in shares of Lowe’s Companies in the 2nd quarter valued at about $142,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on LOW. Royal Bank Of Canada lifted their target price on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, August 21st. Oppenheimer lifted their price target on Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. Mizuho upped their target price on shares of Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, November 13th. Finally, Stifel Nicolaus decreased their target price on Lowe’s Companies from $275.00 to $230.00 and set a “hold” rating for the company in a research report on Friday, November 14th. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $278.91.

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.