Lowe's Companies (NYSE:LOW) Now Covered by Analysts at Bank of America

Key Points

• Bank of America initiated coverage of Lowe's (NYSE:LOW) and assigned a neutral rating on the stock.
• Street coverage remains largely favorable with 21 Buy and 9 Hold ratings, a consensus of “Moderate Buy” and a consensus price target of $289.10.
• Lowe's recently beat quarterly expectations (EPS $1.98 vs. $1.94; revenue $20.59B vs. $20.34B), provided FY2026 guidance of $12.25–12.75 EPS, and analysts project about $12.61 for the year.

Equities researchers at Bank of America initiated coverage on shares of Lowe's Companies (NYSE:LOW - Get Free Report) in a research report issued on Tuesday. The firm set a "neutral" rating on the home improvement retailer's stock.

LOW has been the subject of a number of other research reports. Citigroup raised their target price on Lowe's Companies from $250.00 to $285.00 and gave the stock a "neutral" rating in a research note on Thursday, February 12th. KGI Securities began coverage on Lowe's Companies in a research note on Tuesday, March 10th. They issued a "neutral" rating and a $255.00 target price for the company. UBS Group reduced their target price on Lowe's Companies from $316.00 to $315.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. The Goldman Sachs Group raised their target price on Lowe's Companies from $283.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Finally, Sanford C. Bernstein reduced their price objective on Lowe's Companies from $313.00 to $303.00 and set an "outperform" rating for the company in a research note on Thursday, February 26th. Twenty-one analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $289.10.

Lowe's Companies Price Performance

Shares of LOW stock opened at $223.98 on Tuesday. The firm has a market capitalization of $125.44 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 5.07 and a beta of 0.91. The business has a fifty day moving average of $245.40 and a 200 day moving average of $249.98. Lowe's Companies has a 1 year low of $210.33 and a 1 year high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.04. The company had revenue of $20.59 billion during the quarter, compared to analyst estimates of $20.34 billion. Lowe's Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $1.93 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, equities research analysts expect that Lowe's Companies will post 12.61 earnings per share for the current year.

Hedge Funds Weigh In On Lowe's Companies

A number of institutional investors have recently modified their holdings of the stock. Providence Wealth Advisors LLC grew its position in shares of Lowe's Companies by 0.5% during the 4th quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer's stock valued at $1,959,000 after acquiring an additional 36 shares during the period. Rather & Kittrell Inc. grew its position in shares of Lowe's Companies by 0.4% during the 4th quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer's stock valued at $2,503,000 after acquiring an additional 38 shares during the period. First Command Advisory Services Inc. grew its position in shares of Lowe's Companies by 1.3% during the 4th quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer's stock valued at $711,000 after acquiring an additional 38 shares during the period. Walkner Condon Financial Advisors LLC grew its position in shares of Lowe's Companies by 4.3% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer's stock valued at $228,000 after acquiring an additional 39 shares during the period. Finally, Smithbridge Asset Management Inc. DE grew its position 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 acquiring an additional 39 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Company Profile

Lowe's Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe's also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.