JPMorgan Chase & Co. Cuts Lowe’s Companies (NYSE:LOW) Price Target to $252.00

Lowe’s Companies (NYSE:LOW) had its price target reduced by research analysts at JPMorgan Chase & Co. from $279.00 to $252.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the home improvement retailer’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 21.02% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Robert W. Baird lowered their price objective on shares of Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. The Goldman Sachs Group dropped their price objective on shares of Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. TD Cowen dropped their price target on Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating on the stock in a research note on Thursday, May 21st. William Blair assumed coverage on Lowe’s Companies in a research report on Tuesday, May 12th. They set an “overweight” rating for the company. Finally, Citigroup upgraded Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 price objective for the company in a report on Tuesday, May 12th. Twenty-three research 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $263.67.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock traded down $1.85 during trading on Friday, hitting $208.23. 1,600,592 shares of the company were exchanged, compared to its average volume of 2,892,475. The firm has a market capitalization of $116.76 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 2.72 and a beta of 0.86. The firm’s fifty day moving average price is $214.82 and its 200 day moving average price is $239.05. Lowe’s Companies has a 1-year low of $199.40 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The business had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same period last year, the company posted $2.92 EPS. Lowe’s Companies’s revenue for the quarter was up 10.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities research analysts anticipate that Lowe’s Companies will post 12.48 earnings per share for the current year.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 9,330 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the transaction, the executive vice president owned 16,142 shares of the company’s stock, valued at $3,628,883.02. The trade was a 36.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Margrethe R. Vagell sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the sale, the executive vice president directly owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 25,980 shares of company stock worth $5,796,937 over the last ninety days. 0.29% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lowe’s Companies

Several hedge funds have recently bought and sold shares of the company. Swiss RE Ltd. bought a new position in shares of Lowe’s Companies in the fourth quarter valued at about $25,000. Wilkerson Advisory Group LLC bought a new position in Lowe’s Companies in the 4th quarter valued at about $27,000. OLD Second National Bank of Aurora raised its holdings in Lowe’s Companies by 52.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 42 shares during the period. Sankala Group LLC acquired a new stake in Lowe’s Companies during the fourth quarter worth approximately $33,000. Finally, Triumph Capital Management bought a new stake in shares of Lowe’s Companies during the third quarter worth approximately $34,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

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.