5 Value Stocks with Big Buybacks

In this article, we discuss 5 value stocks with big buybacks. If you want to see more value stocks with big buybacks, the risk/reward, and methodology of this list, go directly to 10 Value Stocks with Big Buybacks.

5. Lowe’s Companies, Inc. (NYSE:LOW)

Q3 2022 Buybacks (Million): $3,999

Number of Hedge Fund Holders: 61

Lowe’s Companies, Inc. (NYSE:LOW) is a home improvement retailer that has a big buyback program. In addition to the company buying back nearly $4 billion worth of shares in the third quarter, the company’s board of directors also announced a $15 billion common stock repurchase program with no expiration date as of December 6, 2022.

Although higher interest rates have cooled the housing market, analysts nevertheless expect rising earnings for Lowe’s Companies, Inc. (NYSE:LOW) with consensus EPS estimates of $11.99 per share in 2022, $13.76 per share in 2023, $13.98 per share in 2024, and $15.20 per share in 2025. If its earnings per share grows in the long term and the macroeconomic climate normalizes, Lowe’s Companies, Inc. (NYSE:LOW) could be a value stock given its forward P/E ratio of 14.89.