Lowe's Companies (LOW) Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lowe's Companies in the last year. There are currently 2 sell ratings, 13 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LOW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LOW, but not buy additional shares or sell existing shares.
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24 Wall Street research analysts have issued 1-year target prices for Lowe's Companies' stock. Their LOW share price forecasts range from $159.00 to $275.00. On average, they predict the company's stock price to reach $226.08 in the next twelve months. This suggests a possible upside of 1.1% from the stock's current price.
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Lowe's Companies' stock was trading at $199.24 on January 1st, 2023. Since then, LOW shares have increased by 12.3% and is now trading at $223.69.
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Lowe's Companies saw a decline in short interest in July. As of July 31st, there was short interest totaling 7,620,000 shares, a decline of 20.3% from the July 15th total of 9,560,000 shares. Based on an average daily trading volume, of 2,760,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.3% of the shares of the company are sold short.
View Lowe's Companies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 22nd 2023.
View our LOW earnings forecast.

Lowe's Companies will be holding an earnings conference call on Tuesday, August 22nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Lowe's Companies, Inc. (NYSE:LOW) posted its quarterly earnings results on Tuesday, May, 23rd. The home improvement retailer reported $3.67 EPS for the quarter, beating analysts' consensus estimates of $3.48 by $0.19. The home improvement retailer earned $22.35 billion during the quarter, compared to the consensus estimate of $21.68 billion. Lowe's Companies had a negative trailing twelve-month return on equity of 68.42% and a net margin of 6.65%. The company's revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm posted $3.51 EPS.
Read the conference call transcript.

Lowe's Companies declared a quarterly dividend on Friday, May 26th. Investors of record on Wednesday, July 26th will be given a dividend of $1.10 per share on Wednesday, August 9th. This represents a $4.40 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Tuesday, July 25th. This is an increase from the stock's previous quarterly dividend of $1.05.
Read our dividend analysis for LOW.

ETFs with the largest weight of Lowe's Companies (NYSE:LOW) stock in their portfolio include Pacer BioThreat Strategy ETF (VIRS), VanEck Retail ETF (RTH), iShares U.S. Home Construction ETF (ITB), Consumer Discretionary Select Sector SPDR Fund (XLY), 2ndVote Life Neutral Plus ETF (LYFE), WBI BullBear Value 3000 ETF (WBIF), iShares U.S. Consumer Focused ETF (IEDI) and Invesco BuyBack Achievers ETF (PKW).

Lowe's Companies (NYSE:LOW) pays an annual dividend of $4.40 per share and currently has a dividend yield of 1.97%. The company has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LOW will have a dividend payout ratio of 30.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LOW.

Lowe's Companies announced that its board has approved a share buyback plan on Wednesday, December 15th 2021, which allows the company to buyback $13,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Lowe's Companies issued an update on its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of $13.20-$13.60 for the period, compared to the consensus earnings per share estimate of $13.60. The company issued revenue guidance of $87.00 billion-$89.00 billion, compared to the consensus revenue estimate of $88.45 billion.

2,818 employees have rated Lowe's Companies Chief Executive Officer Marvin Ellison on Glassdoor.com. Marvin Ellison has an approval rating of 62% among the company's employees. This puts Marvin Ellison in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lowe's Companies investors own include Home Depot (HD), NVIDIA (NVDA), Visa (V), Walt Disney (DIS), Johnson & Johnson (JNJ), AT&T (T), JPMorgan Chase & Co. (JPM), Walmart (WMT), Intel (INTC) and AbbVie (ABBV).

Lowe's Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "LOW."

Lowe's Companies' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.07%), Geode Capital Management LLC (1.88%), Northern Trust Corp (1.20%), Bank of New York Mellon Corp (0.84%), Franklin Resources Inc. (0.61%) and Salem Investment Counselors Inc. (0.59%). Insiders that own company stock include David H Batchelder, Donald Frieson, Ross W Mccanless and Seemantini Godbole.
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Shares of LOW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LOW stock can currently be purchased for approximately $223.69.

Lowe's Companies (NYSE:LOW) has a market capitalization of $131.08 billion and generates $97.06 billion in revenue each year. The home improvement retailer earns $6.44 billion in net income (profit) each year or $10.27 on an earnings per share basis.

The company employs 307,000 workers across the globe.

Lowe's Companies' mailing address is 1000 LOWE`S BLVD, MOORESVILLE NC, 28117. The official website for the company is www.lowes.com. The home improvement retailer can be reached via phone at (704) 758-1000, via email at investorrelations@lowes.com, or via fax at 704-757-0576.