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

Lowe’s Companies (NYSE:LOW) issued an update on 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.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $230.00 to $305.00 in a research report on Tuesday, September 24th. Wells Fargo & Company lifted their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Evercore ISI raised their price target on shares of Lowe’s Companies from $255.00 to $270.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 20th. Finally, Piper Sandler upped their price target on Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $277.92.

Lowe’s Companies Stock Down 0.0 %

NYSE:LOW opened at $270.01 on Wednesday. The stock has a fifty day simple moving average of $271.07 and a 200 day simple moving average of $248.27. The firm has a market capitalization of $152.46 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. Lowe’s Companies has a 1-year low of $205.84 and a 1-year high of $287.01.

Insiders Place Their Bets

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were 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 owns 9,383 shares in the company, valued at $2,334,678.06. This represents a 41.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the sale, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at $3,586,940.30. This trade represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,697 shares of company stock worth $5,214,586. Corporate insiders own 0.26% of the company’s stock.

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.