Fintel reports that on October 9, 2024, Loop Capital upgraded their outlook for Lowe's Companies (NYSE:LOW) from Hold to Buy.
Analyst Price Forecast Suggests 4.87% Downside
As of September 25, 2024, the average one-year price target for Lowe's Companies is $263.67/share. The forecasts range from a low of $205.03 to a high of $320.25. The average price target represents a decrease of 4.87% from its latest reported closing price of $277.18 / share.
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The projected annual revenue for Lowe's Companies is 95,346MM, an increase of 13.48%. The projected annual non-GAAP EPS is 15.53.
What is the Fund Sentiment?
There are 3,566 funds or institutions reporting positions in Lowe's Companies. This is an decrease of 47 owner(s) or 1.30% in the last quarter. Average portfolio weight of all funds dedicated to LOW is 0.51%, an increase of 7.10%. Total shares owned by institutions increased in the last three months by 1.84% to 480,880K shares. 
The put/call ratio of LOW is 1.26, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 24,960K shares representing 4.40% ownership of the company. In its prior filing, the firm reported owning 24,795K shares , representing an increase of 0.66%. The firm decreased its portfolio allocation in LOW by 15.39% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 17,998K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 18,086K shares , representing a decrease of 0.49%. The firm decreased its portfolio allocation in LOW by 16.25% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 14,686K shares representing 2.59% ownership of the company. In its prior filing, the firm reported owning 14,493K shares , representing an increase of 1.31%. The firm decreased its portfolio allocation in LOW by 16.99% over the last quarter.
Geode Capital Management holds 11,546K shares representing 2.04% ownership of the company. In its prior filing, the firm reported owning 11,408K shares , representing an increase of 1.20%. The firm decreased its portfolio allocation in LOW by 56.60% over the last quarter.
Wells Fargo holds 11,061K shares representing 1.95% ownership of the company. In its prior filing, the firm reported owning 11,225K shares , representing a decrease of 1.48%. The firm decreased its portfolio allocation in LOW by 71.31% over the last quarter.
Lowe`s Cos. Background Information
(This description is provided by the company.)
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 18 million customers a week in the United States and Canada. With fiscal year 2019 sales of $72.1 billion, Lowe's and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts.
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