Lowe’s Companies (NYSE:LOW) Price Target Cut to $220.00 by Analysts at Stifel Nicolaus

Lowe’s Companies (NYSE:LOW) had its target price reduced by investment analysts at Stifel Nicolaus from $270.00 to $220.00 in a note issued to investors on Monday,MarketScreener reports. The firm currently has a “hold” rating on the home improvement retailer’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 0.72% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Bank of America initiated coverage on Lowe’s Companies in a report on Tuesday, May 5th. They issued a “neutral” rating for the company. Truist Financial reduced their price objective on Lowe’s Companies from $293.00 to $280.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Rothschild & Co Redburn raised their target price on Lowe’s Companies from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Wells Fargo & Company lowered their target price on Lowe’s Companies from $290.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday. 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, May 4th. Twenty-two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $283.76.

Lowe’s Companies Price Performance

Shares of LOW stock traded up $3.17 on Monday, hitting $221.59. The stock had a trading volume of 203,335 shares, compared to its average volume of 2,719,774. The business has a 50 day moving average of $238.04 and a 200 day moving average of $248.86. Lowe’s Companies has a 12-month low of $210.33 and a 12-month high of $293.06. The stock has a market cap of $124.10 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 4.18 and a beta of 0.91.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LOW. Brighton Jones LLC grew its position in shares of Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Lowe’s Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after buying an additional 259 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Lowe’s Companies by 22.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock valued at $340,000 after buying an additional 280 shares in the last quarter. United Bank lifted its position in Lowe’s Companies by 1.3% in the 2nd quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after buying an additional 155 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its stake in Lowe’s Companies by 13.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock worth $528,000 after buying an additional 275 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

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.