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

Stock analysts at KGI Securities initiated coverage on shares of Lowe’s Companies (NYSE:LOW) in a report released on Tuesday,Benzinga reports. The brokerage set a “neutral” rating and a $255.00 price target on the home improvement retailer’s stock. KGI Securities’ price target would suggest a potential upside of 1.13% from the company’s current price.

LOW has been the subject of several other research reports. Mizuho boosted their price objective on shares of Lowe’s Companies from $272.00 to $294.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. HSBC dropped their target price on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Telsey Advisory Group raised their price target on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Morgan Stanley upped their target price on shares of Lowe’s Companies from $270.00 to $296.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, UBS Group reduced their target price on shares of Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Twenty-one research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $289.76.

Lowe’s Companies Trading Up 0.8%

NYSE LOW traded up $1.92 on Tuesday, hitting $252.14. 295,983 shares of the company were exchanged, compared to its average volume of 2,866,813. Lowe’s Companies has a 1-year low of $206.38 and a 1-year high of $293.06. The firm has a 50 day moving average of $268.33 and a two-hundred day moving average of $254.56. The company has a market cap of $141.44 billion, a P/E ratio of 21.27, a P/E/G ratio of 5.47 and a beta of 0.98.

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

Insider Transactions at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 231,043 shares in the company, valued at approximately $60,341,500.31. The trade was a 7.23% 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 this link. Corporate insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Lowe’s Companies

Several institutional investors and hedge funds have recently made changes to their positions in LOW. Swiss RE Ltd. bought a new stake in Lowe’s Companies in the 4th quarter valued at approximately $25,000. Howard Hughes Medical Institute bought a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $27,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $27,000. Activest Wealth Management lifted its position in shares of Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 51 shares in the last quarter. Finally, OLD Second National Bank of Aurora boosted 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 during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s 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.