Lowe’s Companies (NYSE:LOW) Upgraded at Guggenheim

Lowe’s Companies (NYSE:LOW) was upgraded by analysts at Guggenheim to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

Several other research firms have also weighed in on LOW. TD Cowen reaffirmed a “hold” rating and set a $235.00 target price on shares of Lowe’s Companies in a report on Thursday, August 20th. DA Davidson reissued a “neutral” rating and set a $245.00 price target on shares of Lowe’s Companies in a report on Wednesday, August 19th. Wells Fargo & Company dropped their price target on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of Lowe’s Companies in a report on Thursday, August 20th. Finally, Mizuho decreased their price objective on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $257.63.

Lowe’s Companies Stock Down 0.8%

Lowe’s Companies stock opened at $191.04 on Monday. The firm has a market cap of $107.18 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 2.56 and a beta of 0.85. Lowe’s Companies has a 52 week low of $188.22 and a 52 week high of $293.06. The business’s 50-day moving average price is $208.56 and its 200 day moving average price is $221.73.

Lowe’s Companies (NYSE:LOW) 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 75.67% and a net margin of 7.34%.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. Equities analysts expect that Lowe’s Companies will post 12.26 EPS for the current year.

Institutional Trading of Lowe’s Companies

Several large investors have recently bought and sold shares of LOW. Natixis Advisors LLC grew its position in shares of Lowe’s Companies by 3.5% in the fourth quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer’s stock valued at $152,161,000 after purchasing an additional 21,119 shares in the last quarter. Bridges Investment Management Inc. lifted its position in Lowe’s Companies by 6.1% during the fourth quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer’s stock worth $107,664,000 after buying an additional 25,609 shares in the last quarter. Kathmere Capital Management LLC lifted its position in Lowe’s Companies by 133.9% during the first quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock worth $2,222,000 after buying an additional 5,383 shares in the last quarter. LPL Financial LLC boosted its stake in Lowe’s Companies by 2.3% during the fourth quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock worth $239,552,000 after buying an additional 22,175 shares during the last quarter. Finally, Nykredit A S acquired a new position in Lowe’s Companies during the second quarter worth $42,217,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.