Evercore Cuts Lowe’s Companies (NYSE:LOW) Price Target to $245.00

Lowe’s Companies (NYSE:LOW) had its target price dropped by equities research analysts at Evercore from $250.00 to $245.00 in a research report issued on Tuesday,MarketScreener reports. Evercore’s price target indicates a potential upside of 3.74% from the stock’s current price.

LOW has been the subject of a number of other reports. Weiss Ratings raised shares of Lowe’s Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 24th. DA Davidson reaffirmed a “neutral” rating and issued a $275.00 target price on shares of Lowe’s Companies in a research note on Thursday, February 26th. Morgan Stanley increased their target price on Lowe’s Companies from $270.00 to $296.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Telsey Advisory Group raised their price target on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Finally, UBS Group cut their price target on Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Twenty-two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $289.24.

Lowe’s Companies Price Performance

LOW traded down $0.11 during trading on Tuesday, reaching $236.17. 1,126,785 shares of the stock were exchanged, compared to its average volume of 2,841,695. The company has a market capitalization of $132.27 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 5.05 and a beta of 0.98. Lowe’s Companies has a 1 year low of $206.38 and a 1 year high of $293.06. The business’s 50 day moving average price is $260.88 and its two-hundred day moving average price is $251.47.

Lowe’s Companies (NYSE:LOW) last posted its earnings results 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. The firm had revenue of $20.59 billion during the quarter, compared to the consensus estimate of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the firm posted $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, analysts anticipate that Lowe’s Companies will post 11.9 EPS for the current year.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the sale, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LOW. Old North State Trust LLC lifted its position in Lowe’s Companies by 152.0% during the fourth quarter. Old North State Trust LLC now owns 3,858 shares of the home improvement retailer’s stock worth $930,000 after buying an additional 2,327 shares during the period. J. Derek Lewis & Associates Inc. purchased a new stake in Lowe’s Companies in the 4th quarter valued at about $206,000. Foresight Global Investors Inc. grew its holdings in Lowe’s Companies by 3.9% in the 4th quarter. Foresight Global Investors Inc. now owns 1,192 shares of the home improvement retailer’s stock valued at $287,000 after buying an additional 45 shares during the period. Cornerstone Planning LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter valued at about $3,120,000. Finally, World Investment Advisors increased its stake in shares of Lowe’s Companies by 8.2% during the 4th quarter. World Investment Advisors now owns 29,285 shares of the home improvement retailer’s stock valued at $7,062,000 after acquiring an additional 2,211 shares during the last quarter. Hedge funds and other institutional investors 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.