Gordon Haskett Downgrades Lowe's Companies (NYSE:LOW) to Hold

Key Points

• Gordon Haskett downgraded Lowe’s from “Buy” to “Hold” while setting a $200 price target, implying approximately 4.5% upside from the reported share price.
• Lowe’s shares opened at $191.35, down 2.4%, and remained well below their 52-week high of $293.06. Despite the downgrade, analysts maintain a consensus “Moderate Buy” rating with an average target of $255.97.
• The company exceeded quarterly EPS expectations, reporting $4.40 versus the $4.22 consensus, while revenue rose 8.3% year over year to $25.96 billion but fell short of estimates.

Lowe's Companies (NYSE:LOW - Get Free Report) was downgraded by stock analysts at Gordon Haskett from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They currently have a $200.00 target price on the home improvement retailer's stock. Gordon Haskett's price objective suggests a potential upside of 4.52% from the company's current price.

A number of other research firms have also recently commented on LOW. Wells Fargo & Company lowered their target price 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. Telsey Advisory Group lowered their price objective on Lowe's Companies from $280.00 to $260.00 and set an "outperform" rating for the company in a research report on Thursday, August 20th. KeyCorp restated an "overweight" rating and set a $275.00 target price on shares of Lowe's Companies in a report on Thursday, August 20th. Morgan Stanley reiterated an "overweight" rating on shares of Lowe's Companies in a research note on Thursday, August 20th. Finally, TD Cowen reissued a "hold" rating and set a $235.00 price objective on shares of Lowe's Companies in a research note on Thursday, August 20th. Twenty-two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average price target of $255.97.

Lowe's Companies Stock Down 2.4%

Shares of LOW stock opened at $191.35 on Thursday. The firm has a market capitalization of $107.36 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 2.61 and a beta of 0.85. The stock has a fifty day moving average of $207.97 and a 200 day moving average of $220.85. Lowe's Companies has a 52 week low of $188.22 and a 52 week high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating analysts' consensus estimates of $4.22 by $0.18. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The firm had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same quarter in the previous year, the firm posted $4.33 EPS. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities research analysts anticipate that Lowe's Companies will post 12.26 earnings per share for the current year.

Institutional Investors Weigh In On Lowe's Companies

A number of large investors have recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. lifted its stake in shares of Lowe's Companies by 1.3% during the fourth quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer's stock worth $711,000 after purchasing an additional 38 shares in the last quarter. Smithbridge Asset Management Inc. DE raised its holdings in shares of Lowe's Companies by 1.1% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer's stock valued at $898,000 after buying an additional 39 shares during the period. Root Financial Partners LLC lifted its position in Lowe's Companies by 2.6% during the 4th quarter. Root Financial Partners LLC now owns 1,636 shares of the home improvement retailer's stock worth $395,000 after acquiring an additional 41 shares in the last quarter. IMA Advisory Services Inc. lifted its position in Lowe's Companies by 0.5% during the 4th quarter. IMA Advisory Services Inc. now owns 7,865 shares of the home improvement retailer's stock worth $1,897,000 after acquiring an additional 41 shares in the last quarter. Finally, Juno Financial Group LLC boosted its holdings in Lowe's Companies by 0.4% in the 1st quarter. Juno Financial Group LLC now owns 11,889 shares of the home improvement retailer's stock worth $2,809,000 after acquiring an additional 43 shares during the period. Institutional investors own 74.06% of the company's stock.

About Lowe's Companies

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.

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