Lowe’s Companies (NYSE:LOW) Price Target Cut to $280.00 by Analysts at Gordon Haskett

Lowe’s Companies (NYSE:LOW) had its target price reduced by investment analysts at Gordon Haskett from $300.00 to $280.00 in a research report issued on Friday,MarketScreener reports. Gordon Haskett’s target price would suggest a potential upside of 22.24% from the stock’s previous close.

A number of other analysts have also issued reports on LOW. Royal Bank Of Canada raised their target price on Lowe’s Companies from $252.00 to $257.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. UBS Group cut their price target on Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Wells Fargo & Company increased their price objective on Lowe’s Companies from $280.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. JPMorgan Chase & Co. boosted their target price on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Finally, Weiss Ratings lowered shares of Lowe’s Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Twenty investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $288.41.

Lowe’s Companies Trading Down 0.8%

NYSE LOW opened at $229.07 on Friday. The company has a market cap of $128.29 billion, a P/E ratio of 19.33, a P/E/G ratio of 4.42 and a beta of 0.91. Lowe’s Companies has a 1 year low of $210.33 and a 1 year high of $293.06. The company has a fifty day simple moving average of $242.52 and a 200 day simple moving average of $249.70.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. The firm had revenue of $20.59 billion during the quarter, compared to analyst estimates of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Equities research analysts forecast that Lowe’s Companies will post 12.61 EPS for the current fiscal year.

Institutional Trading of Lowe’s Companies

Large investors have recently made changes to their positions in the business. Providence Wealth Advisors LLC grew its holdings in Lowe’s Companies by 0.5% during the 4th quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock worth $1,959,000 after acquiring an additional 36 shares during the last quarter. Rather & Kittrell Inc. lifted its stake in shares of Lowe’s Companies by 0.4% during the fourth quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer’s stock valued at $2,503,000 after acquiring an additional 38 shares during the period. First Command Advisory Services Inc. boosted its holdings in Lowe’s Companies by 1.3% in the fourth quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer’s stock valued at $711,000 after acquiring an additional 38 shares during the last quarter. Walkner Condon Financial Advisors LLC boosted its holdings in Lowe’s Companies by 4.3% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer’s stock valued at $228,000 after acquiring an additional 39 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE increased its position in Lowe’s Companies by 1.1% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer’s stock worth $898,000 after purchasing an additional 39 shares during the period. Institutional investors own 74.06% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.