Lowe’s Companies (NYSE:LOW) Now Covered by Analysts at Bank of America

Bank of America began coverage on shares of Lowe’s Companies (NYSE:LOW) in a research note issued on Tuesday. The brokerage set a “neutral” rating on the home improvement retailer’s stock.

Several other equities research analysts have also recently issued reports on LOW. Morgan Stanley lowered their price objective on Lowe’s Companies from $296.00 to $292.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Weiss Ratings upgraded Lowe’s Companies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 24th. Argus lifted their price objective on Lowe’s Companies from $286.00 to $288.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Royal Bank Of Canada boosted their target price on Lowe’s Companies from $252.00 to $257.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Finally, Gordon Haskett lowered their target price on Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Twenty-one research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $289.10.

Lowe’s Companies Stock Down 4.0%

NYSE:LOW opened at $223.98 on Tuesday. Lowe’s Companies has a 52 week low of $210.33 and a 52 week high of $293.06. The stock has a market capitalization of $125.44 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 5.07 and a beta of 0.91. The stock’s 50-day moving average price is $245.40 and its 200-day moving average price is $249.98.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm had revenue of $20.59 billion for the quarter, compared to analysts’ expectations of $20.34 billion. During the same period last year, the firm earned $1.93 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Sell-side analysts expect that Lowe’s Companies will post 12.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sigma Planning Corp boosted its holdings in shares of Lowe’s Companies by 1.1% during the 1st quarter. Sigma Planning Corp now owns 20,899 shares of the home improvement retailer’s stock worth $4,938,000 after purchasing an additional 236 shares during the last quarter. 1ST Source Bank raised its position in shares of Lowe’s Companies by 2.4% during the 1st quarter. 1ST Source Bank now owns 8,113 shares of the home improvement retailer’s stock valued at $1,917,000 after buying an additional 189 shares during the period. Checchi Capital Advisers LLC raised its position in shares of Lowe’s Companies by 3.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 7,014 shares of the home improvement retailer’s stock valued at $1,657,000 after buying an additional 261 shares during the period. CFO Capital Management LLC raised its position in shares of Lowe’s Companies by 1.4% during the 1st quarter. CFO Capital Management LLC now owns 5,289 shares of the home improvement retailer’s stock valued at $1,230,000 after buying an additional 71 shares during the period. Finally, Nwam LLC raised its position in shares of Lowe’s Companies by 7.0% during the 1st quarter. Nwam LLC now owns 5,967 shares of the home improvement retailer’s stock valued at $1,410,000 after buying an additional 389 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

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.