Analysts Set Lowe’s Companies, Inc. (NYSE:LOW) PT at $280.83

Shares of Lowe’s Companies, Inc. (NYSE:LOW) have been given a consensus recommendation of “Moderate Buy” by the twenty-five analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $280.83.

A number of equities research analysts have weighed in on LOW shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Barclays raised their price target on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Piper Sandler lowered their price objective on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Truist Financial cut their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Mizuho reduced their price target on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th.

Hedge Funds Weigh In On Lowe’s Companies

Hedge funds have recently made changes to their positions in the company. IFS Advisors LLC purchased a new stake in Lowe’s Companies during the 4th quarter valued at about $25,000. Wood Tarver Financial Group LLC purchased a new stake in Lowe’s Companies in the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies in the third quarter valued at approximately $27,000. Winch Advisory Services LLC increased its holdings in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares during the period. Finally, Marshall Investment Management LLC purchased a new position in Lowe’s Companies during the 4th quarter worth approximately $31,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Down 1.9 %

Shares of Lowe’s Companies stock opened at $228.20 on Monday. The stock’s fifty day moving average is $251.15 and its two-hundred day moving average is $258.93. Lowe’s Companies has a 52 week low of $211.80 and a 52 week high of $287.01. The company has a market capitalization of $128.86 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping 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 business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, research analysts anticipate that Lowe’s Companies will post 11.9 earnings per share for the current year.

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.