Wells Fargo & Company Forecasts Strong Price Appreciation for Lowe’s Companies (NYSE:LOW) Stock

28 Feb 2026, 14:50 by Mitch Edgeman · The Markets Daily

Lowe’s Companies (NYSE:LOW – Get Free Report) had its price objective boosted by research analysts at Wells Fargo & Company from $280.00 to $290.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the home improvement retailer’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 9.64% from the company’s current price.

LOW has been the topic of several other reports. Bank of America lowered their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Barclays upgraded Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 price objective for the company in a research report on Wednesday, January 7th. HSBC lowered their price target on shares of Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a report on Friday, November 21st. Truist Financial decreased their target price on shares of Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Robert W. Baird increased their price target on Lowe’s Companies from $290.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Twenty-one research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $291.64.

Get Our Latest Analysis on LOW

Lowe’s Companies Price Performance

LOW opened at $264.51 on Thursday. The stock’s 50 day simple moving average is $266.89 and its 200 day simple moving average is $254.48. The stock has a market cap of $148.38 billion, a P/E ratio of 22.32, a P/E/G ratio of 4.27 and a beta of 0.97. Lowe’s Companies has a 1-year low of $206.38 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOW – Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The business had revenue of $20.58 billion during the quarter, compared to the consensus estimate of $20.34 billion. During the same quarter in the previous year, the company posted $1.93 EPS. The business’s revenue was up 10.9% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Research analysts expect that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the sale, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.27% of the company’s stock.

Institutional Trading of Lowe’s Companies

A number of institutional investors have recently added to or reduced their stakes in LOW. Vanguard Group Inc. grew its stake in shares of Lowe’s Companies by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock valued at $13,560,617,000 after buying an additional 924,625 shares in the last quarter. State Street Corp lifted its holdings in Lowe’s Companies by 0.5% in the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock worth $6,291,867,000 after buying an additional 124,501 shares in the last quarter. Geode Capital Management LLC boosted its position in Lowe’s Companies by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock valued at $3,201,329,000 after buying an additional 887,579 shares during the last quarter. Norges Bank acquired a new stake in shares of Lowe’s Companies during the fourth quarter valued at about $1,993,697,000. Finally, Northern Trust Corp increased its position in shares of Lowe’s Companies by 1.5% during the third quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock worth $1,716,467,000 after acquiring an additional 103,827 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies News Summary

Here are the key news stories impacting Lowe’s Companies this week:

Positive Sentiment: Q4 results beat expectations: Lowe’s reported $1.98 EPS and $20.58B revenue (+10.9% Y/Y), driven by Pro, online and holiday strength — evidence of operational resilience. Q4 Earnings
Positive Sentiment: Multiple brokerages raised price targets and reiterated buy/outperform views (Goldman, Guggenheim, Wells Fargo, Piper Sandler, Mizuho, Telsey), signaling Wall Street support and providing upside catalysts. Analyst Raises
Positive Sentiment: Macro tailwind developing: 30-year mortgage rates fell below 6%, which could ease the housing ‘lock‑in’ effect and eventually boost remodel/removal demand. That’s a potential multi‑month positive for Lowe’s sales. Mortgage Rates
Neutral Sentiment: Lowe’s is targeting $1B of productivity gains in FY2026 and is using AI and cost cuts (including ~600 corporate roles) to protect margins — a mix of near‑term restructuring costs and longer‑term efficiency. Productivity Plan
Neutral Sentiment: Unusually large options volume indicates elevated trading and positioning by short‑term traders; watch for increased intraday volatility. Options Volume
Neutral Sentiment: Partnerships and strategic moves (e.g., Affirm payment plans, acquisitions to grow Pro business) support longer‑term revenue diversification but add integration risk. Affirm Partnership
Negative Sentiment: Management commentary and FY2026 guidance were cautious — the company flagged housing weakness and conservative outlook, which sparked the recent sell‑off as investors discounted future growth. Housing Headwinds
Negative Sentiment: There are some price‑target trims and neutral/hold actions (TD Cowen, DA Davidson, a few smaller adjustments) reflecting concerns about guidance and margin pressure from acquisitions — potential headwinds for near‑term multiple expansion. Analyst Cuts

Lowe’s Companies Company Profile

(Get Free Report)

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.