Lowe’s Companies (NYSE:LOW) Price Target Lowered to $280.00 at Truist Financial

Lowe’s Companies (NYSE:LOWGet Free Report) had its price target lowered by equities researchers at Truist Financial from $293.00 to $280.00 in a research note issued to investors on Wednesday,MarketScreener reports. The firm presently has a “buy” rating on the home improvement retailer’s stock. Truist Financial’s price objective points to a potential upside of 26.45% from the stock’s previous close.

LOW has been the topic of a number of other reports. Robert W. Baird boosted their target price on Lowe’s Companies from $290.00 to $320.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. DA Davidson reaffirmed a “neutral” rating and set a $275.00 price target on shares of Lowe’s Companies in a report on Thursday, February 26th. Wolfe Research decreased their price objective on shares of Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. William Blair initiated coverage on shares of Lowe’s Companies in a research report on Tuesday. They issued an “overweight” rating on the stock. Finally, Sanford C. Bernstein cut their target price on shares of Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Twenty-two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $287.97.

Read Our Latest Stock Report on Lowe’s Companies

Lowe’s Companies Stock Down 1.4%

Shares of LOW stock traded down $3.09 during trading on Wednesday, reaching $221.43. The company’s stock had a trading volume of 260,086 shares, compared to its average volume of 2,720,309. Lowe’s Companies has a one year low of $210.33 and a one year high of $293.06. The business has a fifty day moving average price of $240.26 and a 200-day moving average price of $249.34. The company has a market cap of $124.01 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 4.33 and a beta of 0.91.

Lowe’s Companies (NYSE:LOWGet Free Report) last released its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.94 by $0.04. The company had revenue of $20.59 billion during the quarter, compared to the consensus estimate of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter 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. Research analysts anticipate that Lowe’s Companies will post 12.61 EPS for the current year.

Institutional Trading of Lowe’s Companies

Several large investors have recently made changes to their positions in LOW. Swiss RE Ltd. acquired a new position in Lowe’s Companies during the fourth quarter valued at approximately $25,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at $27,000. Activest Wealth Management increased its stake in shares of Lowe’s Companies by 78.5% in the 3rd 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 during the last quarter. OLD Second National Bank of Aurora increased its stake in shares of Lowe’s Companies by 52.5% in the 4th 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 during the last quarter. Finally, United Financial Planning Group LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Key Headlines Impacting Lowe’s Companies

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

Lowe’s Companies Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Lowe's Companies (NYSE:LOW)

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.