Lowe’s Companies (NYSE:LOW) Cut to Hold at StockNews.com

StockNews.com cut shares of Lowe’s Companies (NYSE:LOW) from a buy rating to a hold rating in a report issued on Tuesday morning.

LOW has been the topic of several other research reports. Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Bank of America lowered their price objective on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Piper Sandler lowered their price objective on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Finally, Truist Financial lowered their price objective on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Stock Down 2.6 %

NYSE:LOW opened at $222.47 on Tuesday. Lowe’s Companies has a 12 month low of $211.80 and a 12 month high of $287.01. The firm has a market cap of $125.62 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 1.96 and a beta of 1.12. The company’s 50 day moving average is $250.66 and its 200-day moving average is $258.67.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $18.29 billion. Research analysts predict that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Lowe’s Companies

Several institutional investors and hedge funds have recently modified their holdings of LOW. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at approximately $25,000. Wood Tarver Financial Group LLC acquired a new position in Lowe’s Companies during the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies during the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC boosted its position in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the last quarter. Finally, Marshall Investment Management LLC acquired a new position in Lowe’s Companies during the 4th quarter worth approximately $31,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

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.