Lowe's CompaniesLOW
Market Cap: $140B
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 U.S. 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: $1.05B
3% more repeat investments, than reductions
Existing positions increased: 930 | Existing positions reduced: 905
0.57% less ownership
Funds ownership: 74.96% [Q1] → 74.39% (-0.57%) [Q2]
3% less funds holding
Funds holding: 2,439 [Q1] → 2,373 (-66) [Q2]
14% less capital invested
Capital invested by funds: $109B [Q1] → $93.8B (-$15.2B) [Q2]
31% less first-time investments, than exits
New positions opened: 149 | Existing positions closed: 215
41% less funds holding in top 10
Funds holding in top 10: 87 [Q1] → 51 (-36) [Q2]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Gordon Haskett Chuck Grom 60% 1-year accuracy 6 / 10 met price target | 2%downside $240 | Hold Maintained | 21 Aug 2024 |
Wells Fargo Zachary Fadem 77% 1-year accuracy 17 / 22 met price target | 15%upside $280 | Overweight Maintained | 21 Aug 2024 |
Morgan Stanley Simeon Gutman 61% 1-year accuracy 23 / 38 met price target | 5%upside $255 | Overweight Maintained | 21 Aug 2024 |
B of A Securities Elizabeth Suzuki 67% 1-year accuracy 8 / 12 met price target | 13%upside $275 | Buy Maintained | 21 Aug 2024 |
Piper Sandler Peter Keith 57% 1-year accuracy 26 / 46 met price target | 7%upside $262 | Overweight Maintained | 21 Aug 2024 |
Financial journalist opinion
Based on 59 articles about LOW published over the past 30 days