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 report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the home improvement retailer’s stock. Mizuho’s price target would suggest a potential upside of 21.38% from the company’s current price.

A number of other analysts also recently commented on LOW. Bank of America decreased 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 report on Thursday. Guggenheim reissued a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Evercore ISI boosted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Sanford C. Bernstein boosted their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $282.13.

Lowe’s Companies Stock Up 2.0 %

Shares of 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 company’s 50-day simple moving average is $252.48 and its 200-day simple moving average is $258.86. The firm has a market cap of $139.56 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth 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 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Equities research analysts anticipate that Lowe’s Companies will post 11.9 EPS for the current year.

Hedge Funds Weigh In On Lowe’s Companies

Institutional investors and hedge funds have recently modified their holdings of the company. AMF Tjanstepension AB increased its position in Lowe’s Companies by 14.4% during the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after purchasing an additional 20,123 shares during the last quarter. Lodestar Private Asset Management LLC acquired a new position in Lowe’s Companies during the third quarter worth approximately $204,000. Cornerstone Wealth Group LLC increased its position in Lowe’s Companies by 0.8% during the third quarter. Cornerstone Wealth Group LLC now owns 25,852 shares of the home improvement retailer’s stock worth $7,002,000 after purchasing an additional 195 shares during the last quarter. Solidarity Wealth LLC acquired a new position in Lowe’s Companies during the third quarter worth approximately $203,000. Finally, Goldstone Financial Group LLC acquired a new position in Lowe’s Companies during the third quarter worth approximately $203,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

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.