Lowe’s Companies (NYSE:LOW) Given New $300.00 Price Target at Mizuho

Lowe’s Companies (NYSE:LOW) had its target price dropped by investment analysts at Mizuho from $305.00 to $300.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the home improvement retailer’s stock. Mizuho’s price objective would indicate a potential upside of 21.38% from the company’s current price.

Several other research firms have also issued reports on LOW. Barclays increased their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Stifel Nicolaus upped their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Royal Bank of Canada upped their target price on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Wells Fargo & Company upped their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Wedbush restated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $282.13.

Lowe’s Companies Stock Up 2.0 %

Lowe’s Companies stock opened at $247.16 on Thursday. Lowe’s Companies has a 52-week low of $211.80 and a 52-week high of $287.01. The firm has a fifty day moving average of $252.48 and a 200-day moving average of $258.86. The firm has a market capitalization of $139.56 billion, a P/E ratio of 20.61, a PEG ratio of 1.96 and a beta of 1.11.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. On average, research analysts expect that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Institutional Trading of Lowe’s Companies

A number of large investors have recently modified their holdings of LOW. Norges Bank acquired a new position in Lowe’s Companies during the 4th quarter valued at about $1,842,954,000. FMR LLC increased its stake in Lowe’s Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after buying an additional 2,399,897 shares during the period. Kovitz Investment Group Partners LLC increased its stake in Lowe’s Companies by 350.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer’s stock valued at $585,770,000 after buying an additional 1,846,315 shares during the period. Raymond James Financial Inc. acquired a new position in Lowe’s Companies during the 4th quarter valued at about $314,435,000. Finally, Strategic Financial Concepts LLC increased its stake in Lowe’s Companies by 24,531.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after buying an additional 1,223,116 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

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.