The Goldman Sachs Group Lowers Lowe’s Companies (NYSE:LOW) Price Target to $293.00

Lowe’s Companies (NYSE:LOW) had its price objective cut by equities researchers at The Goldman Sachs Group from $300.00 to $293.00 in a research note issued to investors on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the home improvement retailer’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 34.53% from the stock’s current price.

Other research analysts have also issued reports about the company. Stifel Nicolaus lowered their price objective on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating for the company in a research report on Monday. Evercore cut their target price on Lowe’s Companies from $250.00 to $245.00 in a research report on Tuesday, March 31st. Rothschild & Co Redburn raised their target price on Lowe’s Companies from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Raymond James Financial downgraded Lowe’s Companies from a “market perform” rating to a “market perform” rating in a report on Tuesday, May 12th. Finally, Wolfe Research set a $254.00 price target on Lowe’s Companies in a research note on Thursday. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $266.23.

Lowe’s Companies Stock Performance

Shares of NYSE LOW traded down $3.26 during midday trading on Thursday, reaching $217.79. The stock had a trading volume of 346,614 shares, compared to its average volume of 2,771,549. The firm has a market cap of $121.98 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 4.19 and a beta of 0.91. Lowe’s Companies has a twelve month low of $208.00 and a twelve month high of $293.06. The company’s 50 day moving average price is $236.07 and its 200 day moving average price is $248.40.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. During the same period in the prior year, the company posted $2.92 earnings per share. Lowe’s Companies’s revenue for the quarter was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities analysts forecast that Lowe’s Companies will post 12.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lowe’s Companies

Several hedge funds and other institutional investors have recently modified their holdings of LOW. Swiss RE Ltd. acquired a new stake in Lowe’s Companies in the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $27,000. Activest Wealth Management raised its holdings in Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 51 shares during the last quarter. United Financial Planning Group LLC bought a new position in shares of Lowe’s Companies in the third quarter valued at $31,000. Finally, OLD Second National Bank of Aurora lifted its stake in shares of Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 42 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Key Headlines Impacting Lowe’s Companies

Here are the key news stories impacting Lowe’s Companies this week:

• Positive Sentiment: Lowe’s beat both earnings and revenue estimates in the first quarter, helped by Pro demand, spring sales execution, and online growth. LOWE’S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS
• Positive Sentiment: The company launched an AI-powered “Material Lists” tool to speed up quoting for Pro customers, reinforcing its push into tech-enabled contractor workflows. Lowe’s Boosts Pro Efficiency with AI-Driven Material Lists
• Neutral Sentiment: Several analysts cut price targets after the report, but most still kept constructive ratings such as overweight or outperform, signaling confidence despite near-term profit pressure.
• Neutral Sentiment: Lowe’s reaffirmed full-year guidance, which was roughly in line on revenue but below the Street on EPS, keeping expectations modest amid a weak housing market.
• Negative Sentiment: Management described the U.S. housing market as very challenging, with consumers delaying big-ticket DIY projects; that cautious tone appears to be limiting enthusiasm for the stock.

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.