Lowe’s Companies (NYSE:LOW) Upgraded at Melius Research

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

LOW has been the topic of several other research reports. KeyCorp reiterated an “overweight” rating and issued a $275.00 price target on shares of Lowe’s Companies in a report on Thursday, August 20th. Guggenheim restated a “buy” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a report on Monday, September 21st. Mizuho dropped 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 research report on Thursday, August 20th. DA Davidson reaffirmed a “neutral” rating and set a $245.00 target price on shares of Lowe’s Companies in a research note on Wednesday, August 19th. Finally, Gordon Haskett cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a research report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.29.

Lowe’s Companies Price Performance

LOW opened at $188.83 on Tuesday. Lowe’s Companies has a one year low of $178.45 and a one year high of $293.06. The business has a 50 day simple moving average of $202.61 and a two-hundred day simple moving average of $216.55. 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 (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share 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 for the quarter, compared to analyst estimates of $26.13 billion. During the same period last year, the company earned $4.33 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, sell-side analysts expect that Lowe’s Companies will post 12.26 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Investors 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 yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Institutional Investors Weigh In On Lowe’s Companies

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its stake in shares of Lowe’s Companies by 1.8% during the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after purchasing an additional 714,092 shares in the last quarter. State Street Corp boosted its position in shares of Lowe’s Companies by 3.6% in the 2nd quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock worth $5,584,873,000 after purchasing an additional 880,815 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Lowe’s Companies by 8.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,029,665 shares of the home improvement retailer’s stock worth $1,212,954,000 after purchasing an additional 411,154 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Lowe’s Companies by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock worth $956,371,000 after buying an additional 201,803 shares during the last quarter. Finally, Amundi grew its stake in shares of Lowe’s Companies by 57.3% in the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock worth $637,848,000 after buying an additional 1,053,237 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

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.