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 primarily targets retail do-it-yourself (around 70% of sales in 2024) and do-it-for-me customers, but has expanded its commercial and professional business clients to 30% from less than 20% in the past six years. 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 Q3 regulatory filings by fund managers ($100M+ AUM)
118% more first-time investments, than exits
New positions opened: 233 | Existing positions closed: 107
71% more funds holding in top 10
Funds holding in top 10: 51 [Q2] → 87 (+36) [Q3]
18% more capital invested
Capital invested by funds: $102B [Q2] → $121B (+$18.8B) [Q3]
4% more funds holding
Funds holding: 2,407 [Q2] → 2,498 (+91) [Q3]
3% less call options, than puts
Call options by funds: $1.64B | Put options by funds: $1.69B
9% less repeat investments, than reductions
Existing positions increased: 900 | Existing positions reduced: 991
2.06% less ownership
Funds ownership: 80.75% [Q2] → 78.68% (-2.06%) [Q3]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Truist Securities Scot Ciccarelli 65% 1-year accuracy 45 / 69 met price target | 22%upside $308 | Buy Maintained | 11 Feb 2025 |
Bernstein Zhihan Ma 0% 1-year accuracy 0 / 1 met price target | 21%upside $304 | Outperform Maintained | 12 Dec 2024 |
RBC Capital Steven Shemesh 76% 1-year accuracy 39 / 51 met price target | 16%upside $292 | Sector Perform Maintained | 12 Dec 2024 |
Evercore ISI Group Greg Melich 86% 1-year accuracy 55 / 64 met price target | 15%upside $290 | In-Line Maintained | 12 Dec 2024 |
Guggenheim Steven Forbes 45% 1-year accuracy 9 / 20 met price target | 19%upside $300 | Buy Reiterated | 12 Dec 2024 |
Financial journalist opinion
Based on 12 articles about LOW published over the past 30 days









