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Lowe's Companies
LOW

$228.59
0.47%
 

About: Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.

Employees: 284,000

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 35 analysts
0
News positive %
of 29 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

25.69% more ownership

Funds ownership: 47.36% [Q4 2023] → 73.05% (+25.69%) [Q1 2024]

13% more first-time investments, than exits

New positions opened: 200 | Existing positions closed: 177

12% more capital invested

Capital invested by funds: $94.4B [Q4 2023] → $106B (+$11.8B) [Q1 2024]

10% more funds holding in top 10

Funds holding in top 10: 79 [Q4 2023] → 87 (+8) [Q1 2024]

1% more funds holding

Funds holding: 2,387 [Q4 2023] → 2,410 (+23) [Q1 2024]

8% less call options, than puts

Call options by funds: $1.41B | Put options by funds: $1.54B

19% less repeat investments, than reductions

Existing positions increased: 834 | Existing positions reduced: 1,036

Research analyst outlook

35 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$215
6%
downside
Avg. target
$250
10%
upside
High target
$280
22%
upside

35 analyst ratings

15 positive
43%
20 neutral
57%
negative
0%
Wedbush
Seth Basham
9%upside
$250
Neutral
Reiterated
22 May 2024
DA Davidson
Michael Baker
5%upside
$240
Neutral
Maintained
22 May 2024
RBC Capital
Steven Shemesh
8%upside
$246
Sector Perform
Reiterated
22 May 2024
Evercore ISI Group
Greg Melich
9%upside
$250
In-Line
Maintained
22 May 2024
Truist Securities
Scot Ciccarelli
16%upside
$265
Buy
Maintained
22 May 2024

Financial journalist opinion

Based on 29 articles about LOW published over the past 30 days