Lowe's Companies (NYSE:LOW) Given New $275.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised Lowe’s price target to $275 from $252 and maintained an “overweight” rating, implying 18.1% potential upside from the stock’s then-current price.
• Analyst sentiment was broadly positive: MarketBeat reported a “Moderate Buy” consensus rating and an average price target of $254.23.
• Lowe’s latest reported quarterly earnings were $4.40 per share, above the $4.22 consensus estimate, while revenue of $25.96 billion fell short of expectations.

Lowe's Companies (NYSE:LOW - Get Free Report) had its target price hoisted by investment analysts at JPMorgan Chase & Co. from $252.00 to $275.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the home improvement retailer's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 18.10% from the stock's current price.

LOW has been the subject of several other research reports. Guggenheim reissued a "buy" rating and issued a $275.00 price target on shares of Lowe's Companies in a report on Monday, September 21st. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $231.00 price target on shares of Lowe's Companies in a research note on Thursday, August 20th. Melius Research set a $244.00 price target on Lowe's Companies in a research report on Tuesday, October 6th. Truist Financial reduced their price objective on Lowe's Companies from $255.00 to $254.00 and set a "buy" rating for the company in a research note on Thursday, August 20th. Finally, DA Davidson restated a "neutral" rating and issued a $245.00 price objective on shares of Lowe's Companies in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $254.23.

Lowe's Companies Price Performance

LOW stock traded up $8.31 during mid-day trading on Monday, reaching $232.86. 1,795,054 shares of the company's stock were exchanged, compared to its average volume of 2,998,099. Lowe's Companies has a 12-month low of $178.45 and a 12-month high of $293.06. The stock's 50 day moving average is $197.18 and its 200 day moving average is $225.13. The company has a market cap of $130.65 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.88 and a beta of 0.81.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted 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. The business had revenue of $25.96 billion during the quarter, compared to analysts' expectations of $26.13 billion. Lowe's Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The business's revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $4.33 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, research analysts forecast that Lowe's Companies will post 12.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lowe's Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nykredit A S acquired a new position in Lowe's Companies during the second quarter worth about $42,217,000. First Citizens Bank & Trust Co. lifted its holdings in Lowe's Companies by 31.8% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 24,068 shares of the home improvement retailer's stock valued at $4,435,000 after acquiring an additional 5,804 shares during the last quarter. Glenview Trust Co lifted its holdings in Lowe's Companies by 4.9% in the 2nd quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer's stock valued at $50,798,000 after acquiring an additional 10,735 shares during the last quarter. Andra AP fonden lifted its holdings in Lowe's Companies by 14.6% in the 2nd quarter. Andra AP fonden now owns 105,313 shares of the home improvement retailer's stock valued at $23,220,000 after acquiring an additional 13,400 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Lowe's Companies by 33.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 29,209 shares of the home improvement retailer's stock valued at $5,383,000 after purchasing an additional 7,364 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Company Profile

Lowe's Companies, Inc is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels.

Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe's also provides services such as installation and other project support.

Founded in 1921 in North Wilkesboro, North Carolina, Lowe's has grown into a major retailer operating across the United States.

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