Melius Research Upgrades Lowe’s Companies (NYSE:LOW) to Strong-Buy

Lowe’s Companies (NYSE:LOW) was upgraded by research analysts at Melius Research to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks reports.

Several other equities analysts also recently issued reports on LOW. Gordon Haskett downgraded Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a research report on Thursday, September 24th. Mizuho dropped their price target on Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. Guggenheim reissued a “buy” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a report on Monday, September 21st. JPMorgan Chase & Co. reduced their price objective on Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, Truist Financial decreased 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 equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $254.29.

Lowe’s Companies Stock Up 4.0%

Shares of Lowe’s Companies stock opened at $188.83 on Tuesday. The firm has a market capitalization of $105.94 billion, a P/E ratio of 15.96, a PEG ratio of 1.52 and a beta of 0.89. The company has a 50 day moving average price of $202.61 and a 200 day moving average price of $216.55. Lowe’s Companies has a 52 week low of $178.45 and a 52 week high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $26.13 billion. During the same quarter in the previous year, the firm earned $4.33 EPS. Lowe’s Companies’s revenue was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, research analysts anticipate that Lowe’s Companies will post 12.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lowe’s Companies

Several large investors have recently made changes to their positions in the company. Juno Financial Group LLC boosted its holdings in Lowe’s Companies by 0.4% during the first quarter. Juno Financial Group LLC now owns 11,889 shares of the home improvement retailer’s stock worth $2,809,000 after buying an additional 43 shares in the last quarter. TSG Advice Partners LLC raised its stake in Lowe’s Companies by 3.3% in the 1st quarter. TSG Advice Partners LLC now owns 1,373 shares of the home improvement retailer’s stock valued at $324,000 after purchasing an additional 44 shares during the last quarter. Foresight Global Investors Inc. boosted its stake in shares of Lowe’s Companies by 3.9% during the 4th quarter. Foresight Global Investors Inc. now owns 1,192 shares of the home improvement retailer’s stock worth $287,000 after purchasing an additional 45 shares during the last quarter. Ameliora Wealth Management Ltd. raised its position in shares of Lowe’s Companies by 2.5% in the first quarter. Ameliora Wealth Management Ltd. now owns 1,834 shares of the home improvement retailer’s stock valued at $433,000 after buying an additional 45 shares during the last quarter. Finally, Livet Wealth LLC boosted its holdings in shares of Lowe’s Companies by 4.9% during the first quarter. Livet Wealth LLC now owns 962 shares of the home improvement retailer’s stock worth $227,000 after purchasing an additional 45 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.