Lowe's Cos. (LOW) August 23 weekly 240 straddle priced into quarter results

DA Davidson Reiterates Neutral Rating on Lowe's (LOW)

DA Davidson analyst Michael Baker reiterated a Neutral rating and $240.00 price target on Lowe's (NYSE: LOW).

The analyst comments "LOW missed published comp estimates and guided down. But this was expected as HD did the same last week for their core business. So true... More

Lowe's (LOW) PT Raised to $274 at Jefferies

Jefferies analyst Jonathan Matuszewski raised the price target on Lowe's (NYSE: LOW) to $274.00 (from $267.00) while maintaining a Buy rating.

The analyst comments "Following 2Q, we continue to see pent-up demand poised to accelerate comp sales and drive fixed cost leverage. As homeowners... More

Lowe's (LOW) PT Raised to $269 at Truist Securities

Truist Securities analyst Scot Ciccarelli raised the price target on Lowe's (NYSE: LOW) to $269.00 (from $265.00) while maintaining a Buy rating.

The analyst comments "2Qs comp decline of (5.1%) vs. our (4.3%E), was similar to our in-line/- call; mrgs/EPS held-up well and posted slight... More

Stifel Reiterates Hold Rating on Lowe's (LOW)

Stifel analyst W. Andrew Carter reiterated a Hold rating and $250.00 price target on Lowe's (NYSE: LOW).

The analyst comments "We continue with our Hold rating for LOW shares largely maintaining our outlook including a cautious approach to FY25 with our conviction strengthened... More

Citi Reiterates Neutral Rating on Lowe's (LOW)

Citi analyst Steven Zaccone reiterated a Neutral rating and $240.00 price target on Lowe's (NYSE: LOW).

The analyst comments "LOW reported a 2Q print fairly in-line with expectations following HD earnings last week (i) 2Q EPS beat the Streets estimate by ~4%... More

Telsey Reiterates Market Perform Rating on Lowe's (LOW)

Telsey analyst Joseph Feldman reiterated a Market Perform rating and $230.00 price target on Lowe's (NYSE: LOW).

The analyst comments "TAG View: Lowe's reported better-than-expected 2Q24 earnings on solid expense management, but lowered its 2024 guidance on a dimmer view on DIY sales and the macroeconomic backdrop. The company reported 2Q24 adjusted EPS of $4.10, beating our estimate of $3.97 and the FactSet consensus (FS) of $3.96. Note, a lower tax rate than our forecast and the Street helped EPS by ~$0.05. Total sales declined 5.5% to $23.6B, though,... More

Lowe's Q2 earnings beat estimates, but revenue and guidance falls short on lower-than-expected DIY sales

(Updated - August 20, 2024 10:03 AM EDT)

Lowe's Cos. (NYSE: LOW) reported second-quarter earnings before the open Tuesday, surpassing analyst expectations, despite a decline in revenue amid challenging macroeconomic conditions. The home improvement retailer's stock bounced around at the start of Tuesday's session but is currently flat on the day.

Lowe's posted adjusted earnings per share of $4.10 for the quarter ended Aug. 2, 2024, exceeding the analyst estimate of $3.96. However, revenue fell short at $23.59 billion, compared to the consensus estimate of $23.93 billion and down from $25.0 billion in the same quarter last year.

Comparable sales... More