Sanford C. Bernstein Issues Positive Forecast for Lowe's Companies (NYSE:LOW) Stock Price

Key Points

• Sanford C. Bernstein raised its Lowe’s price target to $270 from $254 and maintained an “outperform” rating, implying 18.42% upside from the stock’s then-current price.
• Analyst sentiment is broadly positive: MarketBeat’s consensus is “Moderate Buy,” with an average price target of $254.74.
• Lowe’s latest quarterly EPS of $4.40 beat estimates of $4.22, while revenue of $25.96 billion fell short of expectations; revenue rose 8.3% year over year.

Lowe's Companies (NYSE:LOW - Get Free Report) had its price target upped by stock analysts at Sanford C. Bernstein from $254.00 to $270.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the home improvement retailer's stock. Sanford C. Bernstein's price objective points to a potential upside of 18.42% from the company's current price.

Other analysts also recently issued research reports about the stock. Citigroup decreased their price target on shares of Lowe's Companies from $267.00 to $260.00 and set a "buy" rating for the company in a research note on Thursday, August 20th. Piper Sandler decreased their target price on shares of Lowe's Companies from $276.00 to $274.00 and set an "overweight" rating for the company in a research report on Thursday, August 13th. Melius Research set a $244.00 target price on Lowe's Companies in a research report on Tuesday, October 6th. TD Cowen reissued a "hold" rating and set a $235.00 target price on shares of Lowe's Companies in a report on Thursday, August 20th. Finally, Truist Financial dropped their target price on Lowe's Companies from $255.00 to $254.00 and set a "buy" rating for the company in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $254.74.

Lowe's Companies Price Performance

LOW stock opened at $228.00 on Tuesday. The company has a market cap of $127.92 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81. The stock's fifty day moving average price is $197.66 and its 200-day moving average price is $224.91. Lowe's Companies has a 1 year low of $178.45 and a 1 year high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last released 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 company had revenue of $25.96 billion for the quarter, compared to analysts' expectations of $26.13 billion. During the same quarter in the previous year, the company earned $4.33 EPS. Lowe's Companies's revenue for the quarter 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. As a group, analysts expect that Lowe's Companies will post 12.25 earnings per share for the current year.

Institutional Trading of Lowe's Companies

Institutional investors have recently added to or reduced their stakes in the business. Nykredit A S purchased a new position in shares of Lowe's Companies during the second quarter valued at about $42,217,000. First Citizens Bank & Trust Co. grew its stake in Lowe's Companies by 31.8% in the third quarter. First Citizens Bank & Trust Co. now owns 24,068 shares of the home improvement retailer's stock worth $4,435,000 after purchasing an additional 5,804 shares in the last quarter. Glenview Trust Co increased its position in Lowe's Companies by 4.9% during the 2nd quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer's stock valued at $50,798,000 after purchasing an additional 10,735 shares during the period. Andra AP fonden raised its position in shares of 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 worth $23,220,000 after acquiring an additional 13,400 shares in the last quarter. Finally, Greg Jennings LLC purchased a new stake in Lowe's Companies during the third quarter valued at approximately $1,272,000. Institutional investors 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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