Lowe’s Companies (NYSE:LOW) Hits New 1-Year Low – What’s Next?

Lowe’s Companies, Inc. (NYSE:LOW) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $198.88 and last traded at $198.6320, with a volume of 298475 shares changing hands. The stock had previously closed at $200.80.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wells Fargo & Company dropped their price target on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a research report on Tuesday, August 11th. KeyCorp restated an “overweight” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 20th. Guggenheim lowered their price objective on Lowe’s Companies from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, August 21st. Telsey Advisory Group dropped their target price on Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a report on Thursday, August 20th. Finally, BNP Paribas Exane cut their target price on Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating on the stock in a research report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $257.63.

Lowe’s Companies Trading Down 1.1%

The company has a market capitalization of $110.23 billion, a PE ratio of 16.61, a PEG ratio of 2.64 and a beta of 0.85. The firm’s 50-day simple moving average is $211.67 and its 200-day simple moving average is $225.24.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping analysts’ consensus estimates of $4.22 by $0.18. The business had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 12.26 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. Lowe’s Companies’s payout ratio is 42.27%.

Insiders Place Their Bets

In related news, EVP Janice Dupré sold 14,150 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of the sale, the executive vice president directly owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This represents a 26.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the completion of the sale, the executive vice president directly owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. This trade represents a 11.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rench Wealth Management Inc. lifted its position in shares of Lowe’s Companies by 0.7% in the 2nd quarter. Rench Wealth Management Inc. now owns 20,438 shares of the home improvement retailer’s stock worth $4,506,000 after purchasing an additional 133 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Lowe’s Companies by 2.0% during the second quarter. Sequoia Financial Advisors LLC now owns 47,504 shares of the home improvement retailer’s stock worth $10,474,000 after buying an additional 922 shares during the period. Tidal Investments LLC boosted its position in Lowe’s Companies by 21.3% during the 2nd quarter. Tidal Investments LLC now owns 144,891 shares of the home improvement retailer’s stock valued at $31,947,000 after acquiring an additional 25,448 shares in the last quarter. MCF Advisors LLC boosted its position in Lowe’s Companies by 1.0% during the 2nd quarter. MCF Advisors LLC now owns 8,147 shares of the home improvement retailer’s stock valued at $1,796,000 after acquiring an additional 84 shares in the last quarter. Finally, National Pension Service increased its holdings in shares of Lowe’s Companies by 2.8% in the 2nd quarter. National Pension Service now owns 1,387,918 shares of the home improvement retailer’s stock valued at $306,022,000 after acquiring an additional 37,378 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.