Lowe’s Companies (NYSE:LOW – Get Rating) had its target price cut by Citigroup from $215.00 to $210.00 in a research note issued to investors on Friday, The Fly reports. Citigroup’s target price would indicate a potential upside of 7.64% from the company’s current price.

→ Worse than CBDCs … (From Weiss Ratings)pixel

LOW has been the topic of a number of other reports. Wedbush boosted their price objective on Lowe’s Companies from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, December 8th. JPMorgan Chase & Co. lowered their price target on shares of Lowe’s Companies from $230.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday. Robert W. Baird dropped their price target on shares of Lowe’s Companies from $250.00 to $235.00 in a research note on Wednesday. TD Cowen reduced their price objective on shares of Lowe’s Companies from $220.00 to $210.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Piper Sandler increased their target price on Lowe’s Companies from $248.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, November 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $224.81.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $195.10 on Friday. The firm has a market cap of $121.10 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 1.12 and a beta of 1.10. Lowe’s Companies has a 52 week low of $170.12 and a 52 week high of $238.37. The firm’s 50-day simple moving average is $206.22 and its two-hundred day simple moving average is $201.86.

Lowe’s Companies (NYSE:LOW – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The home improvement retailer reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.07. Lowe’s Companies had a negative return on equity of 82.30% and a net margin of 6.63%. The business had revenue of $22.40 billion during the quarter, compared to analyst estimates of $22.71 billion. During the same period in the prior year, the company earned $1.78 earnings per share. Lowe’s Companies’s revenue was up 5.0% compared to the same quarter last year. Analysts forecast that Lowe’s Companies will post 13.8 earnings per share for the current year.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Ross W. Mccanless sold 57,629 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $211.35, for a total value of $12,179,889.15. Following the completion of the sale, the executive vice president now owns 26,923 shares in the company, valued at $5,690,176.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lowe’s Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in LOW. Standard Family Office LLC bought a new position in Lowe’s Companies in the 3rd quarter worth $26,000. Legend Financial Advisors Inc. bought a new position in Lowe’s Companies in the third quarter worth about $26,000. Northwest Investment Counselors LLC lifted its holdings in Lowe’s Companies by 56.0% in the third quarter. Northwest Investment Counselors LLC now owns 142 shares of the home improvement retailer’s stock worth $27,000 after buying an additional 51 shares during the period. Blume Capital Management Inc. boosted its position in Lowe’s Companies by 70.6% during the 3rd quarter. Blume Capital Management Inc. now owns 145 shares of the home improvement retailer’s stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $28,000. Institutional investors own 72.62% of the company’s stock.

About Lowe’s Companies

(Get Rating)

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

Further Reading

The Fly logo

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Lowe’s Companies, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Lowe’s Companies wasn’t on the list.

While Lowe’s Companies currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginners Guide To Retirement Stocks Cover