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

Lowe’s Companies (NYSE:LOW) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $11.80-11.90 for the period, compared to the consensus earnings per share 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

NYSE:LOW opened at $270.13 on Wednesday. The company has a market cap of $152.53 billion, a PE ratio of 22.53, a PEG ratio of 2.29 and a beta of 1.10. Lowe’s Companies has a 52-week low of $205.84 and a 52-week high of $287.01. The stock has a 50-day simple moving average of $271.07 and a 200 day simple moving average of $248.27.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LOW shares. Stifel Nicolaus increased their price objective on Lowe’s Companies from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and raised their price target for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. UBS Group raised their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Evercore ISI raised their price target on Lowe’s Companies from $255.00 to $270.00 and gave the company an “in-line” rating in a research note on Wednesday, November 20th. Finally, Gordon Haskett decreased their price target on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $277.92.

Insider Buying and Selling

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe’s Companies stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction 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 approximately $2,334,678.06. This trade represents a 41.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,697 shares of company stock valued at $5,214,586. 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.