DA Davidson Has Pessimistic Outlook of LOW FY2025 Earnings

Lowe’s Companies, Inc. (NYSE:LOW) – Equities researchers at DA Davidson reduced their FY2025 EPS estimates for Lowe’s Companies in a research report issued on Wednesday, November 20th. DA Davidson analyst M. Baker now forecasts that the home improvement retailer will post earnings of $11.84 per share for the year, down from their prior forecast of $11.91. DA Davidson has a “Neutral” rating and a $270.00 price target on the stock. The consensus estimate for Lowe’s Companies’ current full-year earnings is $11.82 per share. DA Davidson also issued estimates for Lowe’s Companies’ FY2026 earnings at $12.60 EPS.

LOW has been the topic of a number of other reports. Royal Bank of Canada lifted their target price on shares of Lowe’s Companies from $290.00 to $291.00 and gave the company a “sector perform” rating in a report on Wednesday. Truist Financial upped their target price on shares of Lowe’s Companies from $307.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday. TD Cowen increased their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Evercore ISI boosted their price target on Lowe’s Companies from $255.00 to $270.00 and gave the company an “in-line” rating in a research report on Wednesday. Finally, Barclays increased their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.92.

Lowe’s Companies Stock Up 0.9 %

LOW opened at $265.50 on Thursday. The firm has a market cap of $150.62 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.15 and a beta of 1.10. Lowe’s Companies has a 52 week low of $196.23 and a 52 week high of $287.01. The business’s 50 day moving average is $268.56 and its two-hundred day moving average is $244.50.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. The firm had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.56 EPS.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.73%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio is 38.37%.

Insiders Place Their Bets

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now owns 9,383 shares in the company, valued at $2,334,678.06. The trade was a 41.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lowe’s Companies

A number of institutional investors have recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies during the third quarter valued at about $27,000. Stephens Consulting LLC grew its holdings in shares of Lowe’s Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares during the period. JNBA Financial Advisors increased its position in Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. MFA Wealth Advisors LLC raised its holdings in Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares during the period. Finally, Kimelman & Baird LLC acquired a new position in Lowe’s Companies during the second quarter valued at approximately $37,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

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.