Lowe’s Companies (NYSE:LOW) Stock Rating Lowered by StockNews.com

Lowe’s Companies (NYSE:LOW) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Other research analysts also recently issued reports about the stock. Evercore ISI increased their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Barclays upped their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Mizuho cut their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Guggenheim restated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Truist Financial reduced 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 report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Price Performance

Shares of LOW opened at $228.20 on Tuesday. Lowe’s Companies has a one year low of $211.80 and a one year high of $287.01. The company has a 50-day simple moving average of $251.15 and a two-hundred day simple moving average of $258.93. The firm has a market capitalization of $128.86 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Analysts expect that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Institutional Trading of Lowe’s Companies

Several hedge funds and other institutional investors have recently bought and sold shares of LOW. IFS Advisors LLC purchased a new stake in Lowe’s Companies during the fourth quarter worth approximately $25,000. Wood Tarver Financial Group LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies during the 3rd quarter worth $27,000. Winch Advisory Services LLC grew its stake in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Finally, Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $31,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

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.