Wells Fargo & Company Cuts Lowe’s Companies (NYSE:LOW) Price Target to $245.00

Lowe’s Companies (NYSE:LOW) had its price objective decreased by Wells Fargo & Company from $255.00 to $245.00 in a research note published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the home improvement retailer’s stock.

Other equities research analysts have also recently issued reports about the company. Oppenheimer reduced their price target on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. Morgan Stanley dropped their target price on shares of Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Mizuho dropped their target price on shares of Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Wolfe Research set a $254.00 price target on shares of Lowe’s Companies in a research note on Thursday, May 21st. Finally, Evercore decreased their price target on shares of Lowe’s Companies from $250.00 to $230.00 in a research note on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $262.63.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $217.97 on Tuesday. Lowe’s Companies has a fifty-two week low of $199.40 and a fifty-two week high of $293.06. The stock’s 50 day simple moving average is $215.85 and its two-hundred day simple moving average is $234.99. The stock has a market cap of $122.22 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 2.76 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.06. The firm had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, analysts predict that Lowe’s Companies will post 12.45 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

Insider Activity at Lowe’s Companies

In related news, EVP Margrethe R. Vagell sold 2,500 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $223.83, for a total transaction of $559,575.00. Following the sale, the executive vice president directly owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. This represents a 11.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the sale, the executive vice president owned 39,785 shares of the company’s stock, valued at approximately $8,828,291.50. This represents a 26.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Lowe’s Companies

Several institutional investors and hedge funds have recently made changes to their positions in LOW. Providence Wealth Advisors LLC lifted its position in Lowe’s Companies by 0.5% in the 4th quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock valued at $1,959,000 after acquiring an additional 36 shares in the last quarter. Rather & Kittrell Inc. increased its holdings in shares of Lowe’s Companies by 0.4% in the 4th quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer’s stock worth $2,503,000 after purchasing an additional 38 shares in the last quarter. First Command Advisory Services Inc. increased its holdings in shares of Lowe’s Companies by 1.3% in the 4th quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer’s stock worth $711,000 after purchasing an additional 38 shares in the last quarter. Smithbridge Asset Management Inc. DE raised its stake in shares of Lowe’s Companies by 1.1% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer’s stock worth $898,000 after purchasing an additional 39 shares during the last quarter. Finally, Sumitomo Life Insurance Co. raised its stake in shares of Lowe’s Companies by 0.6% in the fourth quarter. Sumitomo Life Insurance Co. now owns 6,140 shares of the home improvement retailer’s stock worth $1,481,000 after purchasing an additional 39 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

More Lowe’s Companies News

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

• Positive Sentiment: Lowe’s is trading at its lowest forward price-to-earnings multiple in more than two years, while the Dividend King recently increased its payout. The combination of valuation support and income growth is strengthening the bullish case before earnings. 1 Number That Makes Lowe’s Stock an Obvious Buy Before Aug. 19
• Positive Sentiment: Some investors believe the market is underestimating Lowe’s operating quality and long-term potential, supporting the view that the stock is undervalued ahead of its earnings call. Lowe’s Companies: The Market Is Underestimating This High-Quality Retailer
• Positive Sentiment: Citigroup maintained a “buy” rating despite lowering its price target to $267 from $285, implying substantial potential appreciation from the current level. Citigroup Lowe’s price-target update
• Neutral Sentiment: Lowe’s will report second-quarter 2026 results and host its earnings conference call on Aug. 19. Investors will focus on sales trends, consumer demand, margins and updated full-year guidance. Lowe’s Second Quarter 2026 Earnings Conference Call
• Neutral Sentiment: The company completed a five-year, $100 million hometown revitalization commitment and announced an additional $20 million in Community Impact Program commitments. These initiatives may support brand reputation but are unlikely to materially affect near-term earnings. Is Lowe’s Companies Undervalued As Its Earnings Call Nears?
• Negative Sentiment: Pre-earnings forecasts call for Lowe’s second-quarter earnings to decline, raising the risk of a weak report or cautious outlook. Earnings Preview: Lowe’s Q2 Earnings Expected to Decline
• Negative Sentiment: Wells Fargo lowered its Lowe’s price target to $245, while RBC reduced its target to $231 and assigned a “sector perform” rating, signaling more cautious near-term expectations. Wells Fargo Lowers Lowe’s Price Target

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.