DA Davidson Reduces Earnings Estimates for Lowe’s Companies

Lowe’s Companies, Inc. (NYSE:LOW) – DA Davidson lowered their FY2026 EPS estimates for Lowe’s Companies in a research note issued on Thursday, February 27th. DA Davidson analyst M. Baker now forecasts that the home improvement retailer will post earnings per share of $12.25 for the year, down from their previous estimate of $12.63. DA Davidson currently has a “Neutral” rating and a $270.00 price target on the stock. The consensus estimate for Lowe’s Companies’ current full-year earnings is $11.90 per share.

A number of other brokerages have also recently issued reports on LOW. Evercore ISI raised their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Truist Financial lowered their price target on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Royal Bank of Canada reduced their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $239.71 on Monday. The firm has a market cap of $135.35 billion, a P/E ratio of 19.99, a P/E/G ratio of 1.96 and a beta of 1.11. The firm has a 50 day simple moving average of $252.28 and a 200 day simple moving average of $259.23. Lowe’s Companies has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%.

Hedge Funds Weigh In On Lowe’s Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in LOW. Smith Shellnut Wilson LLC ADV boosted its stake in shares of Lowe’s Companies by 1.9% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 13,202 shares of the home improvement retailer’s stock valued at $3,258,000 after purchasing an additional 248 shares during the last quarter. Siemens Fonds Invest GmbH boosted its stake in Lowe’s Companies by 2.7% during the fourth quarter. Siemens Fonds Invest GmbH now owns 16,283 shares of the home improvement retailer’s stock worth $4,018,000 after acquiring an additional 434 shares in the last quarter. BridgePort Financial Solutions LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at $866,000. Park Square Financial Group LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at $45,000. Finally, Menard Financial Group LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at $56,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.