Lowe’s Companies (NYSE:LOW) Price Target Lowered to $285.00 at Royal Bank of Canada

Lowe’s Companies (NYSE:LOW) had its price target trimmed by Royal Bank of Canada from $292.00 to $285.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a sector perform rating on the home improvement retailer’s stock.

LOW has been the topic of a number of other reports. Stifel Nicolaus upped their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Barclays raised their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Sanford C. Bernstein upped their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Bank of America lowered their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $245.87 on Thursday. Lowe’s Companies has a 1-year low of $211.80 and a 1-year high of $287.01. The business has a fifty day moving average price of $252.50 and a 200 day moving average price of $258.77. The stock has a market capitalization of $138.83 billion, a P/E ratio of 20.51, 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 results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $18.29 billion. As a group, equities research analysts anticipate that Lowe’s Companies will post 11.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lowe’s Companies

Institutional investors and hedge funds have recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $27,000. IFS Advisors LLC purchased a new stake in Lowe’s Companies in the 4th quarter worth $25,000. Marshall Investment Management LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $31,000. JNBA Financial Advisors lifted its holdings in Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Winch Advisory Services LLC grew its position in shares of Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares during the period. 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.