Lowe's CompaniesLOW
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
15% more call options, than puts
Call options by funds: $1.21B | Put options by funds: $1.06B
3% more repeat investments, than reductions
Existing positions increased: 935 | Existing positions reduced: 912
0.54% less ownership
Funds ownership: 74.97% [Q1] → 74.44% (-0.54%) [Q2]
2% less funds holding
Funds holding: 2,448 [Q1] → 2,395 (-53) [Q2]
14% less capital invested
Capital invested by funds: $109B [Q1] → $93.8B (-$15.2B) [Q2]
26% less first-time investments, than exits
New positions opened: 154 | Existing positions closed: 207
41% less funds holding in top 10
Funds holding in top 10: 87 [Q1] → 51 (-36) [Q2]
Research analyst outlook
22 Wall Street Analysts provided 1 year price targets over the past 3 months
22 analyst ratings
Loop Capital Laura Champine 45% 1-year accuracy 10 / 22 met price target | 10%upside $300 | Buy Upgraded | 9 Oct 2024 |
Loop Capital Laura Champine 45% 1-year accuracy 10 / 22 met price target | 9%downside $250 | Hold Maintained | 2 Oct 2024 |
Telsey Advisory Group Joseph Feldman 56% 1-year accuracy 89 / 158 met price target | 1%upside $275 | Market Perform Maintained | 2 Oct 2024 |
Piper Sandler Peter Keith 68% 1-year accuracy 28 / 41 met price target | 12%upside $307 | Overweight Maintained | 30 Sept 2024 |
Oppenheimer Brian Nagel 42% 1-year accuracy 5 / 12 met price target | 12%upside $305 | Outperform Upgraded | 24 Sept 2024 |
Financial journalist opinion
Based on 24 articles about LOW published over the past 30 days