Truist Financial Has Lowered Expectations for Lowe’s Companies (NYSE:LOW) Stock Price

Lowe’s Companies (NYSE:LOW) had its target price reduced by Truist Financial from $280.00 to $255.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the home improvement retailer’s stock. Truist Financial’s price target suggests a potential upside of 18.06% from the company’s previous close.

LOW has been the topic of a number of other reports. KGI Securities assumed coverage on Lowe’s Companies in a report on Tuesday, March 10th. They set a “neutral” rating and a $255.00 price target on the stock. Sanford C. Bernstein lowered their price target on Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Citigroup raised Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 price target on the stock in a report on Tuesday, May 12th. TD Cowen lowered their price target on Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group lowered their price target on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a report on Thursday. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Trading Down 2.3%

Lowe’s Companies stock traded down $5.05 during mid-day trading on Thursday, hitting $216.00. The company had a trading volume of 1,031,949 shares, compared to its average volume of 2,780,671. The stock’s 50 day moving average price is $236.07 and its two-hundred day moving average price is $248.40. Lowe’s Companies has a 12 month low of $208.00 and a 12 month high of $293.06. The company has a market capitalization of $120.97 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 4.19 and a beta of 0.91.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating the consensus estimate of $2.97 by $0.06. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The business had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same period last year, the business posted $2.92 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research analysts anticipate that Lowe’s Companies will post 12.58 EPS for the current year.

Hedge Funds Weigh In On Lowe’s Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FinArc Investments Inc. bought a new position in Lowe’s Companies during the first quarter valued at approximately $2,951,000. Western Wealth Management LLC lifted its stake in shares of Lowe’s Companies by 11.6% in the 1st quarter. Western Wealth Management LLC now owns 9,480 shares of the home improvement retailer’s stock valued at $2,240,000 after purchasing an additional 983 shares during the last quarter. McIlrath & Eck LLC lifted its stake in shares of Lowe’s Companies by 7.1% in the 1st quarter. McIlrath & Eck LLC now owns 2,106 shares of the home improvement retailer’s stock valued at $498,000 after purchasing an additional 139 shares during the last quarter. Cornerstone Wealth LLC TN bought a new stake in shares of Lowe’s Companies in the 1st quarter valued at approximately $270,000. Finally, Paragon Private Wealth Management LLC lifted its stake in shares of Lowe’s Companies by 4.0% in the 1st quarter. Paragon Private Wealth Management LLC now owns 5,949 shares of the home improvement retailer’s stock valued at $1,406,000 after purchasing an additional 230 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Key Headlines Impacting Lowe’s Companies

Here are the key news stories impacting Lowe’s Companies this week:

• Positive Sentiment: Lowe’s beat Q1 expectations, posting adjusted EPS of $3.03 versus $2.97 expected and revenue of about $23.1 billion versus $23.0 billion expected, with sales helped by stronger Pro demand, online growth, appliances and home services. LOWE’S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS
• Positive Sentiment: The company launched an AI-driven “Material Lists” tool to speed up quoting for professional customers, reinforcing its push to grow the higher-value Pro business. Lowe’s Boosts Pro Efficiency with AI-Driven Material Lists, a New Tool That Delivers Product Quotes in Minutes
• Neutral Sentiment: Management kept full-year guidance intact, but the outlook is still below prior Street expectations, limiting enthusiasm around the Q1 beat.
• Neutral Sentiment: Several analysts trimmed price targets after the earnings release, but most maintained bullish or neutral ratings, suggesting expectations were reset rather than turning outright negative. JPMorgan, Goldman Sachs, UBS, Jefferies, Mizuho, Morgan Stanley and others all reduced targets while still assigning buy/overweight/outperform ratings. JPMorgan adjusts PT on Lowe’s Companies to 279 from 325 maintains overweight rating
• Neutral Sentiment: Coverage also highlighted mixed sentiment on the stock, with some firms still constructive but others, such as BNP Paribas Exane, turning more cautious with an underperform rating. BNP Paribas adjusts Lowe’s price target to 202 from 228 maintains underperform rating
• Negative Sentiment: Lowe’s management described the U.S. housing market as very challenging, and analysts echoed concerns about profit pressure and soft DIY demand, which is weighing on the stock despite the beat.
• Negative Sentiment: The stock is also being hit by broad price-target cuts across Wall Street, signaling lower near-term expectations for upside even though most firms still see more value than the current share price.

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.