Lowe’s Companies (NYSE:LOW) Downgraded by Gordon Haskett to “Hold”

Lowe’s Companies (NYSE:LOW) was downgraded by equities researchers at Gordon Haskett from a “buy” rating to a “hold” rating in a research report issued on Thursday, Marketbeat.com reports. They currently have a $200.00 target price on the home improvement retailer’s stock. Gordon Haskett’s target price points to a potential upside of 4.52% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Weiss Ratings cut Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. KeyCorp restated an “overweight” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. Mizuho lowered their target price on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. Finally, Piper Sandler reduced their price target on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.97.

Lowe’s Companies Stock Down 2.4%

Shares of NYSE LOW opened at $191.35 on Thursday. Lowe’s Companies has a fifty-two week low of $188.22 and a fifty-two week high of $293.06. The business has a 50 day moving average price of $207.97 and a two-hundred day moving average price of $220.85. The firm has a market cap of $107.36 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 2.61 and a beta of 0.85.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (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 company had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same period in the prior year, the company posted $4.33 EPS. Lowe’s Companies’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. On average, analysts anticipate that Lowe’s Companies will post 12.26 earnings per share for the current year.

Institutional Trading of Lowe’s Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. lifted its holdings in Lowe’s Companies by 0.4% in the 2nd quarter. QRG Capital Management Inc. now owns 113,050 shares of the home improvement retailer’s stock valued at $24,926,000 after acquiring an additional 452 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Lowe’s Companies by 27.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,849 shares of the home improvement retailer’s stock worth $4,156,000 after purchasing an additional 4,027 shares in the last quarter. Andra AP fonden lifted its stake in Lowe’s Companies by 14.6% during the second quarter. Andra AP fonden now owns 105,313 shares of the home improvement retailer’s stock valued at $23,220,000 after purchasing an additional 13,400 shares during the last quarter. State Street Corp boosted its holdings in Lowe’s Companies by 3.6% during the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock worth $5,584,873,000 after buying an additional 880,815 shares in the last quarter. Finally, Rench Wealth Management Inc. grew its position in Lowe’s Companies by 0.7% in the second quarter. Rench Wealth Management Inc. now owns 20,438 shares of the home improvement retailer’s stock worth $4,506,000 after buying an additional 133 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.