Lowe's Companies (NYSE:LOW) Rating Increased to Strong-Buy at Guggenheim

Key Points

• Guggenheim upgraded Lowe’s to a “strong-buy” rating. Despite mixed recent analyst actions, Lowe’s has a consensus “Moderate Buy” rating and an average price target of $257.63.
• Lowe’s reported quarterly EPS of $4.40, beating estimates of $4.22, while revenue reached $25.96 billion and rose 8.3% year over year, slightly below expectations.
• The stock opened at $191.04, near its one-year low of $188.22, and institutional investors own approximately 74.06% of the company’s shares.

Lowe's Companies (NYSE:LOW - Get Free Report) was upgraded by stock analysts at Guggenheim to a "strong-buy" rating in a research report issued on Monday, Zacks reports.

A number of other brokerages have also recently commented on LOW. UBS Group decreased their target price on shares of Lowe's Companies from $285.00 to $275.00 and set a "buy" rating on the stock in a research report on Thursday, August 20th. Weiss Ratings lowered shares of Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. TD Cowen reaffirmed a "hold" rating and set a $235.00 price objective on shares of Lowe's Companies in a research note on Thursday, August 20th. Telsey Advisory Group decreased their price objective on Lowe's Companies from $280.00 to $260.00 and set an "outperform" rating on the stock in a report on Thursday, August 20th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $231.00 target price on shares of Lowe's Companies in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $257.63.

Lowe's Companies Price Performance

NYSE:LOW opened at $191.04 on Monday. The company has a market capitalization of $107.18 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 2.56 and a beta of 0.85. The business has a 50 day moving average of $208.56 and a 200 day moving average of $221.73. Lowe's Companies has a 1-year low of $188.22 and a 1-year high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $26.13 billion. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business's quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business earned $4.33 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, sell-side analysts anticipate that Lowe's Companies will post 12.26 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LOW. Natixis Advisors LLC raised its stake in shares of Lowe's Companies by 3.5% during the fourth quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer's stock valued at $152,161,000 after acquiring an additional 21,119 shares in the last quarter. Bridges Investment Management Inc. raised its holdings in shares of Lowe's Companies by 6.1% in the fourth quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer's stock worth $107,664,000 after buying an additional 25,609 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of Lowe's Companies by 133.9% during the first quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer's stock worth $2,222,000 after purchasing an additional 5,383 shares during the period. LPL Financial LLC boosted its holdings in shares of Lowe's Companies by 2.3% in the 4th quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer's stock valued at $239,552,000 after acquiring an additional 22,175 shares during the last quarter. Finally, Nykredit A S purchased a new position in shares of Lowe's Companies during the second quarter worth $42,217,000. 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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