Lowe’s Companies (NYSE:LOW – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Sunday.
LOW has been the subject of a number of other reports. Loop Capital dropped their price target on shares of Lowe’s Companies from $240.00 to $190.00 in a research note on Tuesday, April 12th. UBS Group dropped their price objective on shares of Lowe’s Companies from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, May 19th. OTR Global downgraded shares of Lowe’s Companies to a “positive” rating in a report on Tuesday, May 10th. Piper Sandler increased their target price on shares of Lowe’s Companies to $246.00 and gave the company an “underweight” rating in a research report on Thursday, May 19th. Finally, Gordon Haskett lowered shares of Lowe’s Companies from a “buy” rating to an “accumulate” rating in a research note on Friday, May 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Buy” and a consensus target price of $243.84.
LOW stock opened at $199.63 on Friday. Lowe’s Companies has a 1 year low of $179.22 and a 1 year high of $263.31. The firm has a 50-day moving average of $201.37 and a 200 day moving average of $226.14. The company has a market cap of $131.98 billion, a P/E ratio of 16.27, a PEG ratio of 1.11 and a beta of 1.25.
Lowe’s Companies (NYSE:LOW – Get Rating) last issued its earnings results on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.29. The company had revenue of $23.66 billion for the quarter, compared to analysts’ expectations of $23.72 billion. Lowe’s Companies had a net margin of 8.85% and a negative return on equity of 251.50%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company posted $3.21 earnings per share. As a group, equities research analysts anticipate that Lowe’s Companies will post 13.43 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Camden National Bank boosted its holdings in shares of Lowe’s Companies by 17.1% in the 4th quarter. Camden National Bank now owns 2,291 shares of the home improvement retailer’s stock valued at $368,000 after purchasing an additional 335 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Lowe’s Companies by 3.7% during the 2nd quarter. Morgan Stanley now owns 5,670,692 shares of the home improvement retailer’s stock valued at $1,099,945,000 after acquiring an additional 201,647 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Lowe’s Companies by 0.5% during the 3rd quarter. Assetmark Inc. now owns 9,970 shares of the home improvement retailer’s stock valued at $2,022,000 after acquiring an additional 47 shares in the last quarter. Ibex Wealth Advisors boosted its holdings in shares of Lowe’s Companies by 38.6% during the 3rd quarter. Ibex Wealth Advisors now owns 1,642 shares of the home improvement retailer’s stock valued at $333,000 after acquiring an additional 457 shares in the last quarter. Finally, Greenleaf Trust raised its position in Lowe’s Companies by 0.7% during the 3rd quarter. Greenleaf Trust now owns 14,142 shares of the home improvement retailer’s stock worth $2,869,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 75.46% of the company’s stock.
About Lowe’s Companies (Get Rating)
Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.
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