Lowe’s Companies (NYSE:LOW – Get Free Report) had its price objective lowered by investment analysts at Piper Sandler from $264.00 to $262.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the home improvement retailer’s stock. Piper Sandler’s price target points to a potential upside of 9.02% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. Citigroup lowered their price objective on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Wedbush restated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $246.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. UBS Group boosted their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lowe’s Companies from $268.00 to $272.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Fourteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $252.96.
Check Out Our Latest Stock Analysis on LOW
Lowe’s Companies Trading Down 0.8 %
Lowe’s Companies (NYSE:LOW – Get Free Report) last released its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The company had revenue of $23.59 billion for the quarter, compared to analysts’ expectations of $23.93 billion. During the same period last year, the firm posted $4.56 earnings per share. Lowe’s Companies’s revenue was down 5.5% compared to the same quarter last year. As a group, research analysts forecast that Lowe’s Companies will post 12.23 EPS for the current year.
Institutional Trading of Lowe’s Companies
Several hedge funds have recently bought and sold shares of LOW. Tidemark LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. bought a new stake in Lowe’s Companies in the 4th quarter worth approximately $28,000. Transcendent Capital Group LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $31,000. Stephens Consulting LLC boosted its position in shares of Lowe’s Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares during the last quarter. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.
About Lowe’s Companies
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.
Read More
- Five stocks we like better than Lowe’s Companies
- Investing in Travel Stocks Benefits
- Advance Auto Parts Eyes Long-Term Growth Despite Q2 Hurdles
- Best Aerospace Stocks Investing
- Toll Brothers Stock Up on Q3 Beat: Luxury Homes Drive Growth
- How to buy stock: A step-by-step guide for beginners
- 4 No-Brainer Stocks to Hold This Fall for Steady Gains
Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.