Lowe’s Companies (NYSE:LOW) Updates FY25 Earnings Guidance

Lowe’s Companies (NYSE:LOW) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $11.80-11.90 for the period, compared to the consensus EPS 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 Performance

Lowe’s Companies stock opened at $267.91 on Thursday. The firm has a market capitalization of $151.28 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 2.29 and a beta of 1.09. Lowe’s Companies has a fifty-two week low of $205.84 and a fifty-two week high of $287.01. The stock’s fifty day moving average is $270.94 and its two-hundred day moving average is $248.80.

Analysts Set New Price Targets

Several research firms have recently commented on LOW. Piper Sandler upped their target price on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday, September 30th. TD Cowen raised their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Oppenheimer upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and raised their target price for the company from $230.00 to $305.00 in a research note on Tuesday, September 24th. Wells Fargo & Company increased their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price target on shares of Lowe’s Companies from $290.00 to $291.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $278.32.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. The trade was a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% 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.