Lowe's Companies (NYSE:LOW) Price Target Cut to $245.00 by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo lowered Lowe’s price target from $255 to $245 while maintaining an “overweight” rating, implying 12.17% upside from the prior close.
• Analyst sentiment remains favorable, with 23 Buy ratings, 11 Holds, and 2 Sells; the consensus rating is “Moderate Buy” with an average price target of $263.33.
• Lowe’s exceeded quarterly expectations, reporting $3.03 in earnings per share and $23.08 billion in revenue, up 10.3% year over year. Shares opened at $218.42 and remain below their 200-day moving average of $236.21.

Lowe's Companies (NYSE:LOW - Get Free Report) had its target price lowered by research analysts at Wells Fargo & Company from $255.00 to $245.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the home improvement retailer's stock. Wells Fargo & Company's target price indicates a potential upside of 12.17% from the company's previous close.

Several other analysts have also recently issued reports on the company. Robert W. Baird cut their target price on Lowe's Companies from $320.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, May 21st. Citigroup upgraded Lowe's Companies from a "neutral" rating to a "buy" rating and set a $285.00 price objective for the company in a report on Tuesday, May 12th. Sanford C. Bernstein reduced their target price on Lowe's Companies from $303.00 to $281.00 and set an "outperform" rating on the stock in a research note on Thursday, May 14th. Gordon Haskett decreased their target price on Lowe's Companies from $280.00 to $250.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Finally, Oppenheimer cut their price target on shares of Lowe's Companies from $315.00 to $275.00 and set an "outperform" rating on the stock in a report on Monday, May 18th. Twenty-three research analysts have rated the stock with 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 an average rating of "Moderate Buy" and an average price target of $263.33.

Lowe's Companies Price Performance

Shares of NYSE:LOW opened at $218.42 on Tuesday. The firm has a fifty day moving average price of $215.20 and a two-hundred day moving average price of $236.21. The company has a market cap of $122.47 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.83 and a beta of 0.86. Lowe's Companies has a one year low of $199.40 and a one year high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.06. The firm had revenue of $23.08 billion for the quarter, compared to analysts' expectations of $22.98 billion. Lowe's Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The business's quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.92 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research analysts expect that Lowe's Companies will post 12.46 EPS for the current fiscal year.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 9,330 shares of the firm's stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the transaction, the executive vice president directly owned 16,142 shares of the company's stock, valued at approximately $3,628,883.02. This trade represents a 36.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of the company's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $223.83, for a total transaction of $559,575.00. Following the sale, the executive vice president directly owned 20,220 shares of the company's stock, valued at $4,525,842.60. The trade was a 11.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Lowe's Companies

Large investors have recently made changes to their positions in the company. Notis McConarty Edward purchased a new position in Lowe's Companies during the 2nd quarter valued at approximately $1,354,000. Great Lakes Advisors LLC bought a new position in shares of Lowe's Companies during the 2nd quarter valued at approximately $7,243,000. Oxbow Advisors LLC boosted its position in shares of Lowe's Companies by 1.5% during the 2nd quarter. Oxbow Advisors LLC now owns 14,511 shares of the home improvement retailer's stock valued at $3,200,000 after acquiring an additional 211 shares during the last quarter. Main Street Financial Solutions LLC purchased a new position in shares of Lowe's Companies in the second quarter valued at $950,000. Finally, Quent Capital LLC increased its position in Lowe's Companies by 3.5% in the second quarter. Quent Capital LLC now owns 4,748 shares of the home improvement retailer's stock worth $1,047,000 after purchasing an additional 161 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

About Lowe's Companies

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.

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