Lowe’s Companies (NYSE:LOW) Given New $245.00 Price Target at Evercore

Lowe’s Companies (NYSE:LOW) had its price objective decreased by equities researchers at Evercore from $250.00 to $245.00 in a report released on Tuesday,MarketScreener reports. Evercore’s price objective points to a potential upside of 3.74% from the stock’s previous close.

Several other research firms also recently issued reports on LOW. Stifel Nicolaus upped their target price on Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a research report on Monday, December 1st. Telsey Advisory Group increased their price objective on shares of Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. UBS Group decreased their target price on shares of Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings raised shares of Lowe’s Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 24th. Finally, KGI Securities initiated coverage on Lowe’s Companies in a report on Tuesday, March 10th. They set a “neutral” rating and a $255.00 price target for the company. Twenty-two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.24.

Lowe’s Companies Trading Down 0.0%

Shares of NYSE LOW traded down $0.11 during midday trading on Tuesday, hitting $236.17. The company’s stock had a trading volume of 1,126,785 shares, compared to its average volume of 2,841,695. The firm has a market cap of $132.27 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 5.05 and a beta of 0.98. The business’s 50 day moving average is $260.88 and its two-hundred day moving average is $251.47. Lowe’s Companies has a 12-month low of $206.38 and a 12-month high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.04. The company had revenue of $20.59 billion for the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.Lowe’s Companies’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, analysts predict that Lowe’s Companies will post 11.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the sale, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LOW. Vanguard Group Inc. grew its stake in Lowe’s Companies by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock worth $13,560,617,000 after buying an additional 924,625 shares during the last quarter. State Street Corp grew its stake in shares of Lowe’s Companies by 0.5% in the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock valued at $6,291,867,000 after purchasing an additional 124,501 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Lowe’s Companies by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock valued at $3,201,329,000 after purchasing an additional 887,579 shares during the period. Norges Bank acquired a new position in shares of Lowe’s Companies during the fourth quarter worth about $1,993,697,000. Finally, Northern Trust Corp raised its holdings in Lowe’s Companies by 1.5% during the third quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock worth $1,716,467,000 after purchasing an additional 103,827 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

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.