Wedbush Predicts Increased Earnings for Lowe’s Companies

Lowe’s Companies, Inc. (NYSE:LOW) – Equities researchers at Wedbush boosted their Q2 2026 earnings per share estimates for Lowe’s Companies in a research report issued on Wednesday, February 26th. Wedbush analyst S. Basham now forecasts that the home improvement retailer will earn $4.34 per share for the quarter, up from their prior estimate of $4.28. Wedbush has a “Neutral” rating and a $250.00 price target on the stock. The consensus estimate for Lowe’s Companies’ current full-year earnings is $11.90 per share. Wedbush also issued estimates for Lowe’s Companies’ FY2028 earnings at $14.69 EPS.

Several other equities analysts also recently weighed in on LOW. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Royal Bank of Canada lowered their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday. Sanford C. Bernstein increased their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Bank of America lowered their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Truist Financial reduced their price objective on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $245.87 on Friday. Lowe’s Companies has a 1-year low of $211.80 and a 1-year high of $287.01. The company’s fifty day simple moving average is $252.50 and its 200-day simple moving average is $258.77. The stock has a market capitalization of $138.83 billion, a PE ratio of 20.51, a P/E/G ratio of 1.96 and a beta of 1.11.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion.

Hedge Funds Weigh In On Lowe’s Companies

A number of institutional investors and hedge funds have recently made changes to their positions in LOW. Norges Bank bought a new position in shares of Lowe’s Companies in the 4th quarter valued at about $1,842,954,000. FMR LLC raised its position in Lowe’s Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after purchasing an additional 2,399,897 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in shares of Lowe’s Companies by 350.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer’s stock valued at $585,770,000 after purchasing an additional 1,846,315 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $314,435,000. Finally, Strategic Financial Concepts LLC increased its position in shares of Lowe’s Companies by 24,531.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after purchasing an additional 1,223,116 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.