Lowe's Companies' (LOW) "Outperform" Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Lowe's Companies (NYSE:LOW - Free Report) in a research report sent to investors on Tuesday,Benzinga reports. They currently have a $305.00 target price on the home improvement retailer's stock. Telsey Advisory Group also issued estimates for Lowe's Companies' Q1 2027 earnings at $3.26 EPS, Q2 2027 earnings at $4.75 EPS, Q3 2027 earnings at $3.37 EPS and Q4 2027 earnings at $2.25 EPS.

LOW has been the topic of a number of other reports. Mizuho decreased their target price on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Truist Financial cut their price objective on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday. Bank of America lowered their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $278.74.

Lowe's Companies Price Performance

Shares of NYSE LOW traded up $4.60 during midday trading on Tuesday, reaching $219.01. 2,166,819 shares of the company traded hands, compared to its average volume of 2,467,927. The stock has a 50-day moving average price of $233.35 and a 200 day moving average price of $253.13. The company has a market cap of $122.58 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.96 and a beta of 1.07. Lowe's Companies has a 52 week low of $206.39 and a 52 week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.29 billion. As a group, analysts expect that Lowe's Companies will post 11.9 EPS for the current year.

Lowe's Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is 37.67%.

Institutional Investors Weigh In On Lowe's Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of LOW. FMR LLC lifted its holdings in Lowe's Companies by 1.0% during the 4th quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer's stock worth $6,483,558,000 after buying an additional 259,766 shares during the period. Geode Capital Management LLC increased its position in Lowe's Companies by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer's stock valued at $2,952,341,000 after purchasing an additional 245,876 shares during the period. Norges Bank acquired a new position in shares of Lowe's Companies in the 4th quarter worth approximately $1,842,954,000. Northern Trust Corp increased its position in shares of Lowe's Companies by 16.3% during the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock worth $1,745,960,000 after buying an additional 993,833 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Lowe's Companies by 6.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer's stock worth $1,242,793,000 after buying an additional 323,371 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

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.