Lowe’s Companies (NYSE:LOW) Coverage Initiated by Analysts at KGI Securities

KGI Securities began coverage on shares of Lowe’s Companies (NYSE:LOW) in a research report sent to investors on Tuesday,Benzinga reports. The firm issued a neutral rating and a $255.00 price target on the home improvement retailer’s stock.

Several other equities analysts have also recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research report on Wednesday, February 25th. DA Davidson reaffirmed a “neutral” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research report on Thursday, February 26th. HSBC reduced their price objective on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating on the stock in a research note on Friday, November 21st. The Goldman Sachs Group boosted their target price on Lowe’s Companies from $283.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Evercore cut their price target on Lowe’s Companies from $270.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Twenty-one investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $289.76.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $251.05 on Tuesday. The firm has a market capitalization of $140.83 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 5.43 and a beta of 0.98. The firm’s 50-day moving average is $268.49 and its two-hundred day moving average is $254.47. Lowe’s Companies has a 1 year low of $206.38 and a 1 year high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.94 by $0.04. The business had revenue of $20.58 billion during the quarter, compared to analyst estimates of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Analysts expect that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Insider Activity

In other news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the sale, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

Institutional Trading of Lowe’s Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Maj Invest Holding A S grew its stake in Lowe’s Companies by 15.7% during the 3rd quarter. Maj Invest Holding A S now owns 802,990 shares of the home improvement retailer’s stock worth $201,801,000 after buying an additional 108,813 shares during the last quarter. Bridges Investment Management Inc. lifted its stake in Lowe’s Companies by 13.4% in the third quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer’s stock valued at $105,759,000 after buying an additional 49,858 shares during the last quarter. Facet Wealth Inc. purchased a new stake in Lowe’s Companies in the third quarter valued at approximately $558,000. Prudential Financial Inc. boosted its holdings in shares of Lowe’s Companies by 0.7% in the second quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock valued at $183,344,000 after acquiring an additional 5,820 shares during the period. Finally, Brighton Jones LLC grew its position in shares of Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after acquiring an additional 17,413 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

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.