Lowe's Companies (NYSE:LOW) Releases FY25 Earnings Guidance

Lowe's Companies (NYSE:LOW - Get Free Report) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $11.80-11.90 for the period, compared to the consensus estimate of $11.89. The company issued revenue guidance of $83.0-83.5 billion, compared to the consensus revenue estimate of $83.31 billion.

Lowe's Companies Stock Down 0.8 %

LOW stock traded down $2.20 during trading on Wednesday, reaching $267.91. The company's stock had a trading volume of 3,297,071 shares, compared to its average volume of 2,444,008. The company's fifty day moving average is $271.02 and its 200-day moving average is $248.66. Lowe's Companies has a 1 year low of $205.84 and a 1 year high of $287.01. The company has a market capitalization of $151.28 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LOW. UBS Group upped their price objective on Lowe's Companies from $270.00 to $290.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Royal Bank of Canada lifted their price objective on shares of Lowe's Companies from $290.00 to $291.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 20th. TD Cowen increased their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a report on Monday, October 28th. Morgan Stanley boosted their price objective on Lowe's Companies from $250.00 to $255.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 21st. Finally, StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a report on Wednesday, September 18th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus price target of $278.32.

Insider Buying and Selling at Lowe's Companies

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the sale, the executive vice president now owns 13,214 shares in the company, valued at approximately $3,586,940.30. This represents a 30.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm's stock in a transaction on 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 directly owns 9,383 shares of the company's stock, valued at $2,334,678.06. The trade was a 41.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,697 shares of company stock valued at $5,214,586. 0.26% of the stock is currently owned by corporate insiders.

About Lowe's Companies

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.