Lowe's Companies's Options Frenzy: What You Need to Know

Financial giants have made a conspicuous bullish move on Lowe's Companies. Our analysis of options history for Lowe's Companies LOW revealed 10 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $64,418, and 8 were calls, valued at $809,219.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $210.0 to $250.0 for Lowe's Companies during the past quarter.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Lowe's Companies options trades today is 388.14 with a total volume of 1,313.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Lowe's Companies's big money trades within a strike price range of $210.0 to $250.0 over the last 30 days.

Lowe's Companies Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About Lowe's Companies

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 low-double-digit share of the domestic home improvement market, based on U.S. Census data and management's market size estimates.

Having examined the options trading patterns of Lowe's Companies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Lowe's Companies's Current Market Status

• Currently trading with a volume of 180,116, the LOW's price is up by 0.56%, now at $240.14.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 82 days.

Professional Analyst Ratings for Lowe's Companies

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $251.2.

• Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Lowe's Companies with a target price of $236.
• An analyst from Goldman Sachs has decided to maintain their Buy rating on Lowe's Companies, which currently sits at a price target of $262.
• In a positive move, an analyst from Baird has upgraded their rating to Outperform and adjusted the price target to $250.
• An analyst from Truist Securities has decided to maintain their Buy rating on Lowe's Companies, which currently sits at a price target of $258.
• Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Lowe's Companies with a target price of $250.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lowe's Companies options trades with real-time alerts from Benzinga Pro.