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

Lowe’s Companies (NYSE:LOWGet Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Other research analysts have also recently issued research reports about the stock. Piper Sandler upped their price target on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. lifted their price target on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday. Robert W. Baird raised Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Wednesday, February 14th. DA Davidson reissued a “buy” rating and issued a $258.00 target price on shares of Lowe’s Companies in a research report on Tuesday. Finally, Truist Financial upped their price target on Lowe’s Companies from $244.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $248.67.

View Our Latest Research Report on LOW

Lowe’s Companies Stock Performance

NYSE:LOW traded up $3.58 during trading hours on Wednesday, hitting $238.97. The stock had a trading volume of 3,287,225 shares, compared to its average volume of 2,631,192. Lowe’s Companies has a one year low of $181.85 and a one year high of $241.44. The company has a market cap of $137.43 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 1.66 and a beta of 1.12. The business’s 50 day moving average is $221.23 and its 200-day moving average is $213.12.

Lowe’s Companies (NYSE:LOWGet Free Report) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same period in the previous year, the firm earned $2.28 earnings per share. The company’s revenue was down 17.1% on a year-over-year basis. On average, sell-side analysts anticipate that Lowe’s Companies will post 13.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Lowe’s Companies

Institutional investors have recently added to or reduced their stakes in the business. Syon Capital LLC raised its position in shares of Lowe’s Companies by 23.3% during the fourth quarter. Syon Capital LLC now owns 7,129 shares of the home improvement retailer’s stock worth $1,587,000 after acquiring an additional 1,345 shares during the last quarter. Auxier Asset Management raised its holdings in Lowe’s Companies by 0.6% during the 4th quarter. Auxier Asset Management now owns 41,000 shares of the home improvement retailer’s stock worth $9,125,000 after purchasing an additional 257 shares during the last quarter. Proathlete Wealth Management LLC bought a new position in Lowe’s Companies during the 4th quarter worth approximately $614,000. Raleigh Capital Management Inc. lifted its position in shares of Lowe’s Companies by 48.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 183 shares of the home improvement retailer’s stock worth $41,000 after purchasing an additional 60 shares during the period. Finally, American Trust boosted its stake in shares of Lowe’s Companies by 59.5% in the 4th quarter. American Trust now owns 2,323 shares of the home improvement retailer’s stock valued at $517,000 after purchasing an additional 867 shares during the last quarter. 71.88% of the stock is owned by institutional investors.

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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