Lowe’s Companies (NYSE:LOW) Downgraded by StockNews.com to Hold

Lowe’s Companies (NYSE:LOWGet Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

A number of other analysts also recently weighed in on LOW. The Goldman Sachs Group boosted their target price on shares of Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Wells Fargo & Company upped their price objective on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Piper Sandler raised their price target on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Citigroup boosted their price objective on shares of Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Finally, Stifel Nicolaus lowered their target price on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a report on Friday, February 16th. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $248.67.

View Our Latest Analysis on LOW

Lowe’s Companies Price Performance

Shares of NYSE:LOW traded up $3.58 during mid-day trading on Wednesday, reaching $238.97. 3,287,225 shares of the company traded hands, compared to its average volume of 2,631,192. The firm has a market cap of $137.43 billion, a PE ratio of 18.42, a PEG ratio of 1.66 and a beta of 1.12. Lowe’s Companies has a 52 week low of $181.85 and a 52 week high of $241.44. The company’s 50 day moving average price is $221.23 and its 200-day moving average price is $213.12.

Lowe’s Companies (NYSE:LOWGet Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 54.56% and a net margin of 8.49%. The business had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same period in the prior year, the firm earned $2.28 EPS. The company’s revenue for the quarter was down 17.1% on a year-over-year basis. On average, research analysts predict that Lowe’s Companies will post 13.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Axiom Financial Strategies LLC grew its stake in Lowe’s Companies by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock valued at $275,000 after purchasing an additional 123 shares during the last quarter. United Bank lifted its holdings in shares of Lowe’s Companies by 6.8% during the first quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock worth $1,968,000 after purchasing an additional 617 shares during the period. Prudential PLC purchased a new stake in Lowe’s Companies in the first quarter valued at approximately $1,629,000. Baird Financial Group Inc. increased its holdings in Lowe’s Companies by 0.4% in the 1st quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock worth $51,780,000 after buying an additional 920 shares during the period. Finally, Covestor Ltd raised its position in Lowe’s Companies by 74.6% during the 1st quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock worth $60,000 after buying an additional 126 shares during the last quarter. Institutional investors and hedge funds own 71.88% of the company’s stock.

Lowe’s Companies Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Lowe's Companies (NYSE:LOW)

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