Lowe’s Companies (NYSE:LOW – Get Free Report) had its target price lowered by research analysts at Oppenheimer from $315.00 to $275.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the home improvement retailer’s stock. Oppenheimer’s price target suggests a potential upside of 25.84% from the stock’s current price.
Several other research firms have also weighed in on LOW. Craig Hallum upgraded shares of Lowe’s Companies to a “buy” rating in a research note on Tuesday, May 12th. Mizuho upped their target price on Lowe’s Companies from $272.00 to $294.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Morgan Stanley dropped their price target on Lowe’s Companies from $296.00 to $292.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. Bank of America initiated coverage on Lowe’s Companies in a report on Tuesday, May 5th. They issued a “neutral” rating on the stock. Finally, Argus boosted their price objective on Lowe’s Companies from $286.00 to $288.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $284.79.
View Our Latest Stock Analysis on LOW
Lowe’s Companies Price Performance
Lowe’s Companies (NYSE:LOW – Get Free Report) last issued 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. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company had revenue of $20.59 billion for the quarter, compared to analysts’ expectations of $20.34 billion. During the same period in the prior year, the company earned $1.93 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Equities research analysts anticipate that Lowe’s Companies will post 12.61 earnings per share for the current year.
Institutional Trading of Lowe’s Companies
Large investors have recently added to or reduced their stakes in the business. Swiss RE Ltd. bought a new position in shares of Lowe’s Companies in the fourth quarter worth $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter valued at $27,000. Activest Wealth Management raised its stake in shares of Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 51 shares in the last quarter. OLD Second National Bank of Aurora raised its stake in shares of Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 42 shares in the last quarter. Finally, United Financial Planning Group LLC acquired a new stake in Lowe’s Companies in the third quarter worth about $31,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.
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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