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Lowe’s Companies, Inc. (NYSE:LOW) is included among the 15 Best Dividend Growth Stocks to Buy Now.
On November 7, Bernstein analyst Zhihan Ma raised the firm’s price target on Lowe’s Companies, Inc. (NYSE:LOW) to $282 from $279 while maintaining an Outperform rating on the stock. Heading into the home improvement earnings season, the firm noted that investor sentiment towards Lowe’s remains somewhat cautious. While macroeconomic trends are expected to dominate discussions, Bernstein mentioned that the company’s “Complex Pro” strategy will also be closely monitored.
The firm anticipates positive comparable sales for the company in the third quarter. It added that favorable summer weather supported activity, although the absence of a strong hurricane season could act as a mild headwind to sales of about 55 to 100 basis points, with a slight benefit to margins.
Lowe’s Companies, Inc. (NYSE:LOW) continues to be recognized as a reliable dividend payer. Over the past five years, the company has increased its dividend at an average annual rate of nearly 16%. Despite this consistent growth, its payout ratio has remained relatively conservative. Currently, the company distributes around 38% of its earnings as dividends, a level generally considered sustainable. This indicates that Lowe’s has room to continue growing its payouts even if earnings growth moderates.
Lowe’s Companies, Inc. (NYSE:LOW) is a multinational home improvement and hardware retailer that sells a wide range of products for building, repairing, and improving homes.
While we acknowledge the potential of LOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 13 Best Consistent Dividend Stocks to Buy Now and 15 Best DRIP Stocks to Own Right Now.
Disclosure: None.
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