Lowe’s Companies (NYSE:LOW) Stock Rating Raised to Strong-Buy at Melius Research

Melius Research upgraded shares of Lowe’s Companies (NYSE:LOW) to a strong-buy rating in a report published on Tuesday,Zacks reports.

Other equities research analysts have also recently issued research reports about the stock. Gordon Haskett cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price target for the company. in a research report on Thursday, September 24th. Mizuho lowered their target price on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, August 20th. Piper Sandler dropped their target price on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a research report on Thursday, August 13th. Guggenheim reissued a “buy” rating and issued a $275.00 price target on shares of Lowe’s Companies in a research note on Monday, September 21st. Finally, UBS Group reduced their price target on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $254.29.

Lowe’s Companies Stock Performance

Shares of LOW opened at $188.83 on Tuesday. The firm has a market capitalization of $105.94 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.52 and a beta of 0.89. Lowe’s Companies has a 52 week low of $178.45 and a 52 week high of $293.06. The business’s fifty day moving average price is $202.61 and its two-hundred day moving average price is $216.55.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.22 by $0.18. The business had revenue of $25.96 billion for the quarter, compared to analysts’ expectations of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, research analysts forecast 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 issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.6%. Lowe’s Companies’s payout ratio is 42.27%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sankala Group LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth about $33,000. Markowski Investments bought a new position in Lowe’s Companies in the second quarter valued at approximately $33,000. IAG Wealth Partners LLC boosted its holdings 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 buying an additional 100 shares during the period. Provenance Wealth Advisors LLC increased its position in shares of Lowe’s Companies by 416.7% during the first quarter. Provenance Wealth Advisors LLC now owns 186 shares of the home improvement retailer’s stock worth $44,000 after acquiring an additional 150 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID increased its position in shares of Lowe’s Companies by 219.7% during the first quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer’s stock worth $46,000 after acquiring an additional 134 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.