Lowe’s Companies (NYSE:LOW) Earns Buy Rating from Guggenheim

Lowe’s Companies (NYSE:LOW)‘s stock had its “buy” rating reaffirmed by equities research analysts at Guggenheim in a report released on Monday, September 21st, Marketbeat Ratings reports. They presently have a $275.00 price objective on the home improvement retailer’s stock. Guggenheim’s target price indicates a potential upside of 46.55% from the company’s previous close.

Several other research analysts have also issued reports on the company. UBS Group decreased their target price on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Mizuho decreased their target price on Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Truist Financial decreased their target price on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. KeyCorp reissued an “overweight” rating and issued a $275.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. Finally, TD Cowen reissued a “hold” rating and issued a $235.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $255.97.

Lowe’s Companies Trading Down 0.9%

NYSE LOW traded down $1.63 on Monday, hitting $187.65. The company’s stock had a trading volume of 3,816,818 shares, compared to its average volume of 3,119,125. Lowe’s Companies has a 52-week low of $186.30 and a 52-week high of $293.06. The company’s 50-day simple moving average is $206.69 and its 200 day simple moving average is $219.52. The firm has a market cap of $105.28 billion, a P/E ratio of 15.86, a PEG ratio of 2.52 and a beta of 0.85.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.22 by $0.18. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The business had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter last year, the business posted $4.33 EPS. The business’s revenue was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, research analysts forecast that Lowe’s Companies will post 12.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Lowe’s Companies

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Lowe’s Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after acquiring an additional 714,092 shares during the last quarter. State Street Corp grew its stake in shares of Lowe’s Companies by 3.6% in the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock worth $5,584,873,000 after acquiring an additional 880,815 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Lowe’s Companies by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock worth $3,201,329,000 after acquiring an additional 887,579 shares during the last quarter. Norges Bank purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth $1,993,697,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Lowe’s Companies by 8.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,029,665 shares of the home improvement retailer’s stock worth $1,212,954,000 after acquiring an additional 411,154 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.