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 U.S. 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)
71% more funds holding in top 10
Funds holding in top 10: 51 [Q2] → 87 (+36) [Q3]
21% more first-time investments, than exits
New positions opened: 225 | Existing positions closed: 186
18% more capital invested
Capital invested by funds: $96.3B [Q2] → $113B (+$16.9B) [Q3]
2% more funds holding
Funds holding: 2,402 [Q2] → 2,441 (+39) [Q3]
2% less call options, than puts
Call options by funds: $1.63B | Put options by funds: $1.67B
10% less repeat investments, than reductions
Existing positions increased: 876 | Existing positions reduced: 973
2.51% less ownership
Funds ownership: 76.38% [Q2] → 73.87% (-2.51%) [Q3]
Research analyst outlook
28 Wall Street Analysts provided 1 year price targets over the past 3 months
28 analyst ratings
Stifel W. Andrew Carter 40% 1-year accuracy 4 / 10 met price target | 3%downside $260 | Hold Maintained | 11 Nov 2024 |
Telsey Advisory Group Joseph Feldman 56% 1-year accuracy 90 / 160 met price target | 13%upside $305 | Outperform Upgraded | 8 Nov 2024 |
Truist Securities Scot Ciccarelli 62% 1-year accuracy 51 / 82 met price target | 14%upside $307 | Buy Maintained | 7 Nov 2024 |
Wells Fargo Zachary Fadem 80% 1-year accuracy 24 / 30 met price target | 10%upside $295 | Overweight Maintained | 6 Nov 2024 |
TD Cowen Max Rakhlenko 67% 1-year accuracy 12 / 18 met price target | 8%upside $290 | Hold Maintained | 28 Oct 2024 |
Financial journalist opinion
Based on 30 articles about LOW published over the past 30 days
