Lowe’s Companies (NYSE:LOW) Price Target Lowered to $250.00 at Stifel Nicolaus

Lowe’s Companies (NYSE:LOW) had its target price reduced by equities research analysts at Stifel Nicolaus from $270.00 to $250.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the home improvement retailer’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 7.82% from the company’s current price.

A number of other brokerages have also recently weighed in on LOW. Piper Sandler reduced their price target on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. Truist Financial dropped their price target on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. DA Davidson reiterated a “neutral” rating and issued a $270.00 target price on shares of Lowe’s Companies in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company cut their target price on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $276.17.

Lowe’s Companies Stock Down 1.0%

Shares of Lowe’s Companies stock traded down $2.37 on Monday, hitting $231.86. 248,731 shares of the company traded hands, compared to its average volume of 2,500,191. Lowe’s Companies has a 12-month low of $206.39 and a 12-month high of $287.01. The company has a 50-day moving average price of $224.34 and a 200 day moving average price of $245.71. The company has a market cap of $129.77 billion, a PE ratio of 19.35, a PEG ratio of 1.96 and a beta of 1.00.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in Lowe’s Companies in the fourth quarter worth $1,842,954,000. Nuveen LLC acquired a new position in Lowe’s Companies during the 1st quarter worth about $681,215,000. Pacer Advisors Inc. raised its stake in shares of Lowe’s Companies by 2,984.6% in the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock worth $475,339,000 after acquiring an additional 1,971,996 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of Lowe’s Companies by 350.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer’s stock worth $585,770,000 after purchasing an additional 1,846,315 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Lowe’s Companies by 26,796.0% during the first quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer’s stock valued at $386,540,000 after purchasing an additional 1,651,170 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

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.