Lowe’s Companies (NYSE:LOW – Get Free Report)‘s stock had its “hold” rating reissued by investment analysts at TD Cowen in a note issued to investors on Thursday,Benzinga reports. They currently have a $235.00 target price on the home improvement retailer’s stock. TD Cowen’s price objective would suggest a potential upside of 8.23% from the company’s current price.
Several other research firms have also weighed in on LOW. Piper Sandler cut their target price on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. Royal Bank Of Canada restated a “sector perform” rating and set a $231.00 price target on shares of Lowe’s Companies in a research report on Thursday. The Goldman Sachs Group cut their price objective on shares of Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating for the company in a report on Thursday, May 21st. BNP Paribas Exane dropped their target price on Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating on the stock in a research report on Thursday, May 21st. Finally, Weiss Ratings cut Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.63.
Get Our Latest Stock Analysis on LOW
Lowe’s Companies Stock Down 1.3%
Lowe’s Companies (NYSE:LOW – Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating the consensus estimate of $4.22 by $0.18. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The company had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same period last year, the business earned $4.33 earnings per share. Lowe’s Companies’s quarterly revenue was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, sell-side analysts expect that Lowe’s Companies will post 12.43 earnings per share for the current year.
Insider Buying and Selling
In other news, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the transaction, the executive vice president owned 20,220 shares in the company, valued at $4,525,842.60. This trade represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the sale, the executive vice president directly owned 16,142 shares in the company, valued at $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 25,980 shares of company stock worth $5,796,937. Insiders own 0.29% of the company’s stock.
Institutional Investors Weigh In On Lowe’s Companies
Large investors have recently modified their holdings of the business. Quantitative Investment Management LLC acquired a new stake in shares of Lowe’s Companies in the second quarter valued at about $1,081,000. Sigma Planning Corp lifted its stake in Lowe’s Companies by 0.4% in the 2nd quarter. Sigma Planning Corp now owns 20,982 shares of the home improvement retailer’s stock worth $4,626,000 after purchasing an additional 83 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Lowe’s Companies by 8.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 85,200 shares of the home improvement retailer’s stock worth $18,789,000 after purchasing an additional 6,967 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $3,971,000. Finally, Cookson Peirce & Co. Inc. grew its position in shares of Lowe’s Companies by 4.3% in the second quarter. Cookson Peirce & Co. Inc. now owns 3,012 shares of the home improvement retailer’s stock valued at $664,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.
Key Stories Impacting Lowe’s Companies
Here are the key news stories impacting Lowe’s Companies this week:
- Positive Sentiment: Adjusted earnings were $4.40 per share, exceeding the $4.22 analyst consensus and rising from $4.33 a year earlier. Net sales increased 8.3% to $25.96 billion, while comparable sales edged up 0.2%. Lowe’s second-quarter results
- Positive Sentiment: Performance was helped by a roughly $80 million refund related to Trump-era tariffs. Management said the benefit will not be passed along through lower prices, supporting near-term margins and earnings, though the refund is viewed as a one-time benefit. Lowe’s tariff refund
- Positive Sentiment: Mizuho lowered its price target from $280 to $250 but maintained an “outperform” rating, implying meaningful upside from recent trading levels. DA Davidson kept a “neutral” rating with a $245 target.
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.
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