Lowe’s Companies (NYSE:LOW) Stock Price Target Raised at JPMorgan Chase & Co.

Lowe’s Companies (NYSE:LOW) had its target price increased by equities research analysts at JPMorgan Chase & Co. from $252.00 to $275.00 in a report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the home improvement retailer’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 18.10% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $231.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 20th. KeyCorp reaffirmed an “overweight” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. Truist Financial decreased their target price on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a report on Thursday, August 20th. Evercore set a $190.00 target price on shares of Lowe’s Companies in a research report on Tuesday, October 6th. Finally, Morgan Stanley restated an “overweight” rating on shares of Lowe’s Companies in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $254.23.

Lowe’s Companies Price Performance

Shares of NYSE:LOW traded up $8.31 on Monday, reaching $232.86. 1,795,054 shares of the company traded hands, compared to its average volume of 2,998,099. The stock has a market capitalization of $130.65 billion, a PE ratio of 19.72, a P/E/G ratio of 1.88 and a beta of 0.81. The company’s 50 day moving average is $197.18 and its 200-day moving average is $225.13. Lowe’s Companies has a fifty-two week low of $178.45 and a fifty-two week high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $26.13 billion. During the same period in the previous year, the firm posted $4.33 EPS. The company’s quarterly 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. As a group, analysts expect that Lowe’s Companies will post 12.25 EPS for the current year.

Institutional Investors Weigh In On Lowe’s Companies

Several hedge funds have recently bought and sold shares of the business. Vectors Research Management LLC grew its stake in Lowe’s Companies by 2.3% during the 3rd quarter. Vectors Research Management LLC now owns 6,538 shares of the home improvement retailer’s stock valued at $1,205,000 after acquiring an additional 147 shares in the last quarter. Nicholson Wealth Management Group LLC increased its holdings in shares of Lowe’s Companies by 11.4% in the 3rd quarter. Nicholson Wealth Management Group LLC now owns 8,187 shares of the home improvement retailer’s stock valued at $1,509,000 after purchasing an additional 838 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Lowe’s Companies by 54.3% in the third quarter. Hantz Financial Services Inc. now owns 11,104 shares of the home improvement retailer’s stock worth $2,047,000 after purchasing an additional 3,908 shares in the last quarter. Meramec Financial Planners LLC lifted its position in shares of Lowe’s Companies by 38.3% in the third quarter. Meramec Financial Planners LLC now owns 874 shares of the home improvement retailer’s stock worth $161,000 after purchasing an additional 242 shares in the last quarter. Finally, IFG Advisory LLC boosted its holdings in shares of Lowe’s Companies by 2.4% during the third quarter. IFG Advisory LLC now owns 20,839 shares of the home improvement retailer’s stock worth $3,840,000 after purchasing an additional 490 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels.

Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support.

Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.