Lowe’s Companies (NYSE:LOW – Get Rating) had its price objective decreased by UBS Group from $260.00 to $250.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the home improvement retailer’s stock. UBS Group’s price objective indicates a potential upside of 24.52% from the company’s previous close.
Other analysts also recently issued reports about the company. Citigroup reduced their target price on Lowe’s Companies from $217.00 to $215.00 in a research note on Monday, October 31st. Exane BNP Paribas downgraded Lowe’s Companies from a “neutral” rating to an “underperform” rating and set a $159.00 target price for the company. in a research note on Wednesday, October 19th. MKM Partners reduced their target price on Lowe’s Companies from $220.00 to $205.00 in a research note on Wednesday, November 9th. Loop Capital reduced their target price on Lowe’s Companies from $210.00 to $200.00 in a research note on Friday, December 9th. Finally, Cowen began coverage on Lowe’s Companies in a research note on Wednesday, October 19th. They issued a “market perform” rating and a $210.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $230.52.
Lowe’s Companies Trading Down 0.3 %
Shares of Lowe’s Companies stock opened at $200.77 on Friday. The business has a 50-day moving average price of $203.00 and a two-hundred day moving average price of $196.04. Lowe’s Companies has a 1-year low of $170.12 and a 1-year high of $258.45. The company has a market cap of $124.62 billion, a P/E ratio of 19.66, a PEG ratio of 1.11 and a beta of 1.16.
Lowe’s Companies (NYSE:LOW – Get Rating) last issued its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.16. Lowe’s Companies had a negative return on equity of 103.72% and a net margin of 6.97%. The firm had revenue of $23.48 billion during the quarter, compared to the consensus estimate of $23.16 billion. During the same period last year, the business posted $2.73 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts forecast that Lowe’s Companies will post 13.73 EPS for the current fiscal year.
Insider Transactions at Lowe’s Companies
In related news, EVP Ross W. Mccanless sold 57,629 shares of the company’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 transaction, the executive vice president now owns 26,923 shares in the company, valued at $5,690,176.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in LOW. Allworth Financial LP boosted its holdings in Lowe’s Companies by 13.0% in the 3rd quarter. Allworth Financial LP now owns 11,173 shares of the home improvement retailer’s stock worth $2,098,000 after buying an additional 1,283 shares during the period. Personal Capital Advisors Corp boosted its holdings in Lowe’s Companies by 0.6% in the 1st quarter. Personal Capital Advisors Corp now owns 167,111 shares of the home improvement retailer’s stock worth $33,788,000 after buying an additional 931 shares during the period. New Millennium Group LLC bought a new position in Lowe’s Companies in the 2nd quarter worth approximately $47,000. Simplicity Wealth LLC bought a new position in Lowe’s Companies in the 1st quarter worth approximately $1,021,000. Finally, Financial Strategies Group Inc. boosted its holdings in Lowe’s Companies by 26.2% in the 3rd quarter. Financial Strategies Group Inc. now owns 5,916 shares of the home improvement retailer’s stock worth $1,111,000 after buying an additional 1,229 shares during the period. Hedge funds and other institutional investors own 72.62% of the company’s stock.
Lowe’s Companies Company Profile
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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.
Further Reading
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