Melius Research Upgrades Lowe’s Companies (NYSE:LOW) to “Strong-Buy”

Lowe’s Companies (NYSE:LOW) was upgraded by research analysts at Melius Research to a “strong-buy” rating in a research report issued on Tuesday, Zacks reports.

Other analysts have also recently issued reports about the company. Wells Fargo & Company lowered their price target on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Truist Financial reduced their price objective on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Piper Sandler decreased their price objective on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. Citigroup lowered their target price on shares of Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Finally, KeyCorp reiterated an “overweight” rating and issued a $275.00 target price on shares of Lowe’s Companies in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.29.

Lowe’s Companies Stock Up 4.0%

NYSE:LOW opened at $188.83 on Tuesday. Lowe’s Companies has a 12-month low of $178.45 and a 12-month high of $293.06. The stock’s fifty day simple moving average is $202.61 and its 200-day simple moving average is $216.55. The firm has a market capitalization of $105.94 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.52 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the prior year, the company posted $4.33 earnings per share. The firm’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. As a group, equities research analysts expect that Lowe’s Companies will post 12.26 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LOW. Nykredit A S acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth about $42,217,000. Kathmere Capital Management LLC lifted its stake in Lowe’s Companies by 133.9% in the 1st quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock valued at $2,222,000 after purchasing an additional 5,383 shares during the last quarter. Econ Financial Services Corp grew its holdings in Lowe’s Companies by 26.2% during the first quarter. Econ Financial Services Corp now owns 19,974 shares of the home improvement retailer’s stock worth $4,719,000 after purchasing an additional 4,147 shares during the period. Glenview Trust Co grew its holdings in Lowe’s Companies by 4.9% during the second quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer’s stock worth $50,798,000 after purchasing an additional 10,735 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Lowe’s Companies by 67.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 426,186 shares of the home improvement retailer’s stock worth $102,779,000 after buying an additional 171,000 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 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.