Mizuho began coverage on shares of Lowe’s Companies (NYSE:LOWFree Report) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $280.00 price objective on the home improvement retailer’s stock.

LOW has been the subject of several other reports. Robert W. Baird upgraded Lowe’s Companies from an average rating to an outperform rating and set a $250.00 target price for the company in a report on Wednesday, February 14th. Truist Financial lifted their target price on shares of Lowe’s Companies from $244.00 to $258.00 and gave the stock a buy rating in a report on Wednesday, February 28th. Citigroup upped their price target on shares of Lowe’s Companies from $199.00 to $236.00 and gave the company a neutral rating in a report on Wednesday, February 21st. Stifel Nicolaus dropped their price objective on Lowe’s Companies from $240.00 to $225.00 and set a hold rating on the stock in a research note on Friday, February 16th. Finally, Telsey Advisory Group restated a market perform rating and set a $215.00 target price on shares of Lowe’s Companies in a research note on Friday, February 23rd. Twelve research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $248.12.

Read Our Latest Analysis on Lowe’s Companies

Lowe’s Companies Stock Up 1.9 %

NYSE LOW opened at $248.06 on Tuesday. The stock has a market capitalization of $142.66 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13. Lowe’s Companies has a 12-month low of $181.85 and a 12-month high of $248.55. The company has a 50 day moving average price of $227.91 and a two-hundred day moving average price of $214.88.

Lowe’s Companies (NYSE:LOWGet Free Report) last released its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. The business had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. Lowe’s Companies’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.28 EPS. As a group, equities analysts anticipate that Lowe’s Companies will post 12.21 EPS for the current year.

Institutional Trading of Lowe’s Companies

Several hedge funds have recently modified their holdings of the company. Axiom Financial Strategies LLC increased its position in Lowe’s Companies by 9.8% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock valued at $275,000 after acquiring an additional 123 shares in the last quarter. United Bank grew its stake 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 valued at $1,968,000 after purchasing an additional 617 shares during the last quarter. Prudential PLC acquired a new stake in shares of Lowe’s Companies in the first quarter valued at approximately $1,629,000. Baird Financial Group Inc. raised its position 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 purchasing an additional 920 shares during the last quarter. Finally, Covestor Ltd lifted its holdings 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 in 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.

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



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