Lowe's Companies (LOW)

• Market cap: $135B
• 1 day: -2.94%
• 5 days: -6.02%
• 1 month: -9.53%
• 3 months: -9.82%
• 6 months: -1.32%
• Year to date: -3.16%
• 1 year: 5.00%
• 5 years: 90.86%
• 10 years: 224.39%
• Sector: Materials
• Industry: Lumber & Other Building Materials Dealers

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 Q4 regulatory filings by fund managers ($100M+ AUM)

135% more first-time investments, than exits

New positions opened: 275 | Existing positions closed: 117

1% more funds holding

Funds holding: 2,504 [Q3] → 2,533 (+29) [Q4]

4.0% less ownership

Funds ownership: 78.69% [Q3] → 74.69% (-4.0%) [Q4]

12% less repeat investments, than reductions

Existing positions increased: 887 | Existing positions reduced: 1,003

12% less capital invested

Capital invested by funds: $121B [Q3] → $106B (-$15.1B) [Q4]

13% less call options, than puts

Call options by funds: $1.44B | Put options by funds: $1.66B

32% less funds holding in top 10

Funds holding in top 10: 87 [Q3] → 59 (-28) [Q4]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $250 5% upside
• Avg. target: $292 22% upside
• High target: $308 29% upside

9 analyst ratings

• positive: 5 56%
• neutral: 4 44%
• negative: 0 0%

Telsey Advisory Group Joseph Feldman 56% 1-year accuracy 96 / 170 met price target	28% upside $305	Outperform Maintained	20 Feb 2025
Truist Securities Scot Ciccarelli 67% 1-year accuracy 46 / 69 met price target	29% upside $308	Buy Maintained	11 Feb 2025
Bernstein Zhihan Ma 0% 1-year accuracy 0 / 1 met price target	27% upside $304	Outperform Maintained	12 Dec 2024
RBC Capital Steven Shemesh 69% 1-year accuracy 35 / 51 met price target	22% upside $292	Sector Perform Maintained	12 Dec 2024
Evercore ISI Group Greg Melich 84% 1-year accuracy 54 / 64 met price target	21% upside $290	In-Line Maintained	12 Dec 2024