On June 9, 2023, Lowe’s Companies stands out as a top-performing home-improvement retailer. Over the past two decades, the company has surpassed the market by an impressive 4.29% annually, resulting in an average yearly return of 11.77%. If an individual had invested $1000 in LOW stock 20 years ago, it would now be worth $9,267.66, based on the current price of $209.26. Presently, Lowe’s Companies boasts a market capitalization of $122.62 billion. In 2023, the company’s annual revenue reached $96.25 billion, marking a 7.43% increase from 2021. Lowe’s stock gained 14% in the latter half of 2022, thanks to strong financial results and positive long-term guidance from management.

Lowe’s Companies, Inc.

LOW

Neutral

Updated on: 09/06/2023

Price Target

Current $209.12

Concensus $243.19


Low $210.00

Median $240.00

High $300.00

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Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

Analyst / firmRating
Joseph Feldman
Telsey Advisory
Buy
BarclaysBuy
UBSBuy
Credit SuisseBuy
Kate McShane
Goldman Sachs
Buy

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Lowes Companies Inc. Stock Declines Slightly, But Positive Earnings Growth Forecasted for Next Five Years

On June 9, 2023, shares of Lowe’s Companies Inc. experienced a slight decline, with a volume of 2,092,743 shares traded. Lowe’s Companies Inc. is a retail trade company that operates in the home improvement chains industry, with a market capitalization of $124.2 billion and reported revenue growth of 0.84% last year. The company’s earnings growth has been negative, with a decline of 15.57% last year and a decline of 3.13% this year. However, the company is forecasting a positive earnings growth of 17.00% over the next five years. Home Depot, a major competitor of Lowe’s Companies Inc., saw a more significant decline in its stock price, with a change of -3.75 or -1.25%. Lowe’s Companies Inc. is set to report its next earnings on August 22, 2023, with an EPS forecast of $4.50. Overall, while Lowe’s Companies Inc. saw a slight decline in its stock price on June 9, 2023, the company’s positive earnings growth forecast over the next five years could be a positive sign for investors.

Lowes Stock Performance Declines on June 9, but Analysts Remain Bullish on Long-Term Prospects

On June 9, 2023, Lowe’s Companies Inc. (LOW) experienced a decline in its stock performance. The stock closed at $209.13, which is a 1.08% decrease from the previous day’s closing price of $211.48. This decline can be attributed to several factors, including market volatility, economic uncertainty, and company-specific news.

Despite the recent decline, the 30 analysts offering 12-month price forecasts for LOW have a median target of $227.00, with a high estimate of $290.00 and a low estimate of $154.00. The median estimate represents an 8.54% increase from the last price of $209.13.

Furthermore, the current consensus among 36 polled investment analysts is to buy stock in Lowe’s Companies Inc. This rating has held steady since May, when it was unchanged from a buy rating.

Looking at the company’s recent financial performance, LOW reported earnings per share of $4.50 and sales of $25.0B for the current quarter. The company is set to report its earnings on August 22, which will provide more insight into its financial health.

Overall, while LOW experienced a decline in its stock performance on June 9, the company’s long-term prospects remain positive. The investment community continues to view the company as a buy, and analysts have set a median target price that represents a significant increase from the current price. Investors should keep an eye on the company’s upcoming earnings report for more information on its financial performance.