Royal Bank Of Canada Lowers Lowe’s Companies (NYSE:LOW) Price Target to $231.00

Lowe’s Companies (NYSE:LOW) had its target price decreased by equities researchers at Royal Bank Of Canada from $232.00 to $231.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the home improvement retailer’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 7.19% from the company’s current price.

Several other analysts have also commented on the stock. Wolfe Research set a $254.00 price target on shares of Lowe’s Companies in a research report on Thursday, May 21st. Sanford C. Bernstein dropped their target price on Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Mizuho dropped their price objective on Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. KeyCorp decreased their target price on Lowe’s Companies from $300.00 to $275.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Finally, Truist Financial cut their price target on shares of Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $263.30.

Lowe’s Companies Price Performance

LOW stock traded down $5.75 during trading on Wednesday, hitting $215.50. 195,968 shares of the company traded hands, compared to its average volume of 2,864,263. Lowe’s Companies has a 1 year low of $199.40 and a 1 year high of $293.06. The company has a market cap of $120.84 billion, a PE ratio of 18.18, a P/E/G ratio of 2.77 and a beta of 0.86. The stock’s 50-day simple moving average is $215.49 and its 200 day simple moving average is $235.81.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.97 by $0.06. The business had revenue of $23.08 billion for 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 quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Research analysts expect that Lowe’s Companies will post 12.46 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the sale, the executive vice president owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 39,785 shares of the company’s stock, valued at approximately $8,828,291.50. The trade was a 26.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,980 shares of company stock worth $5,796,937 over the last three months. Company insiders own 0.29% of the company’s stock.

Institutional Trading of Lowe’s Companies

A number of large investors have recently modified their holdings of LOW. Swiss RE Ltd. acquired a new stake in Lowe’s Companies in the fourth quarter valued at $25,000. Wilkerson Advisory Group LLC purchased a new position in Lowe’s Companies in the fourth quarter valued at approximately $27,000. OLD Second National Bank of Aurora raised its holdings in Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 42 shares in the last quarter. Sankala Group LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at $33,000. Finally, Triumph Capital Management purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

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.