Stifel Nicolaus Cuts Lowe’s Companies (NYSE:LOW) Price Target to $220.00

Lowe’s Companies (NYSE:LOW) had its price target cut by analysts at Stifel Nicolaus from $270.00 to $220.00 in a report issued on Monday,MarketScreener reports. The brokerage currently has a “hold” rating on the home improvement retailer’s stock. Stifel Nicolaus’ price target points to a potential downside of 0.72% from the stock’s previous close.

Several other brokerages also recently weighed in on LOW. Morgan Stanley lowered their price objective on Lowe’s Companies from $296.00 to $292.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. Robert W. Baird lifted their target price on shares of Lowe’s Companies from $290.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Telsey Advisory Group upped their price target 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 dropped their price target on shares of Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, Guggenheim raised their price target on shares of Lowe’s Companies from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Twenty-two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $283.76.

Lowe’s Companies Price Performance

NYSE LOW traded up $3.17 during trading on Monday, hitting $221.59. 203,335 shares of the company’s stock traded hands, compared to its average volume of 2,719,774. The stock has a fifty day moving average of $238.04 and a two-hundred 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 firm has a market cap of $124.10 billion, a P/E ratio of 18.72, a PEG ratio of 4.18 and a beta of 0.91.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. The company had revenue of $20.59 billion during the quarter, compared to analyst estimates 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 for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, analysts expect that Lowe’s Companies will post 12.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lowe’s Companies

A number of institutional investors and hedge funds have recently made changes to their positions in LOW. Norges Bank purchased a new position in Lowe’s Companies during the fourth quarter valued at $1,993,697,000. Wellington Management Group LLP raised its position in shares of Lowe’s Companies by 102.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock worth $1,056,585,000 after purchasing an additional 2,122,622 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Lowe’s Companies by 45.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,555,565 shares of the home improvement retailer’s stock worth $1,580,941,000 after purchasing an additional 2,039,343 shares in the last quarter. J. Stern & Co. LLP boosted its stake in Lowe’s Companies by 7,814.9% in the 4th quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer’s stock worth $359,417,000 after purchasing an additional 1,471,539 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Lowe’s Companies by 207.2% during the 3rd quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock valued at $517,218,000 after purchasing an additional 1,388,133 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

About Lowe’s Companies

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.