Lowe's Companies (LOW)

• Market cap: $147B
• 1 day: 0.88%
• 5 days: 5.23%
• 1 month: 1.28%
• 3 months: -7.20%
• 6 months: 7.41%
• Year to date: 5.70%
• 1 year: 19.72%
• 5 years: 113.35%
• 10 years: 292.45%
• 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 Q3 regulatory filings by fund managers ($100M+ AUM)

119% more first-time investments, than exits

New positions opened: 234 | 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: 2,406 [Q2] → 2,497 (+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: 898 | Existing positions reduced: 992

2.06% less ownership

Funds ownership: 80.75% [Q2] → 78.68% (-2.06%) [Q3]

Research analyst outlook

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

• Low target: $245 6% downside
• Avg. target: $287 10% upside
• High target: $307 18% upside

14 analyst ratings

• positive: 7 50%
• neutral: 7 50%
• negative: 0 0%

Bernstein Zhihan Ma 0% 1-year accuracy 0 / 1 met price target	16% upside $304	Outperform Maintained	12 Dec 2024
Truist Securities Scot Ciccarelli 61% 1-year accuracy 43 / 70 met price target	18% upside $307	Buy Maintained	12 Dec 2024
RBC Capital Steven Shemesh 69% 1-year accuracy 36 / 52 met price target	12% upside $292	Sector Perform Maintained	12 Dec 2024
Evercore ISI Group Greg Melich 80% 1-year accuracy 51 / 64 met price target	11% upside $290	In-Line Maintained	12 Dec 2024
Guggenheim Steven Forbes 47% 1-year accuracy 9 / 19 met price target	15% upside $300	Buy Reiterated	12 Dec 2024