Lowe’s Companies (NYSE:LOW) Given New $270.00 Price Target at Sanford C. Bernstein

Lowe’s Companies (NYSE:LOW) had its price objective raised by analysts at Sanford C. Bernstein from $254.00 to $270.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the home improvement retailer’s stock. Sanford C. Bernstein‘s price target would indicate a potential upside of 18.42% from the company’s current price.

A number of other equities research analysts have also issued reports on LOW. KeyCorp reiterated an “overweight” rating and set a $275.00 target price on shares of Lowe’s Companies in a report on Thursday, August 20th. Morgan Stanley reissued an “overweight” rating on shares of Lowe’s Companies in a report on Thursday, August 20th. Stifel Nicolaus dropped their price target on Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating on the stock in a research note on Monday, October 26th. Mizuho dropped their price objective on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. Finally, Truist Financial lowered their target price on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $254.74.

Lowe’s Companies Trading Down 1.8%

LOW stock opened at $228.00 on Tuesday. Lowe’s Companies has a 12 month low of $178.45 and a 12 month high of $293.06. The company has a market cap of $127.92 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.92 and a beta of 0.81. The firm has a 50-day moving average of $197.66 and a two-hundred day moving average of $224.91.

Lowe’s Companies (NYSE:LOW) last posted 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. The business had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities analysts forecast that Lowe’s Companies will post 12.25 earnings per share for the current year.

Institutional Trading of Lowe’s Companies

Hedge funds have recently made changes to their positions in the company. William Mack & Associates Inc. acquired a new position in Lowe’s Companies in the third quarter worth about $31,000. Latitude Advisors LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter valued at $32,000. Markowski Investments acquired a new position in Lowe’s Companies in the second quarter worth approximately $33,000. John Boyer Inc. purchased a new stake in Lowe’s Companies during the third quarter valued at about $36,000. Finally, Next Level Wealth Planning LLC acquired a new position in Lowe’s Companies during the third quarter valued at $37,000. 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 serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels.

Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support.

Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.