Lowe’s Companies (NYSE:LOW) Price Target Lowered to $295.00 at Truist Financial

Lowe’s Companies (NYSE:LOW) had its price target cut by Truist Financial from $308.00 to $295.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the home improvement retailer’s stock.

Other analysts have also issued research reports about the stock. Barclays lifted their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a report on Wednesday. Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Mizuho reduced their price objective on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $245.87 on Thursday. The company has a market cap of $138.83 billion, a P/E ratio of 20.51, a PEG ratio of 1.96 and a beta of 1.11. Lowe’s Companies has a one year low of $211.80 and a one year high of $287.01. The business’s 50-day simple moving average is $252.50 and its 200 day simple moving average is $258.77.

Lowe’s Companies (NYSE:LOW) last issued 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 analyst estimates of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Analysts predict that Lowe’s Companies will post 11.9 earnings per share for the current year.

Hedge Funds Weigh In On Lowe’s Companies

A number of institutional investors and hedge funds have recently bought and sold shares of LOW. IFS Advisors LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies in the third quarter worth about $27,000. Winch Advisory Services LLC raised its holdings in shares of 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 purchasing an additional 44 shares in the last quarter. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter worth $31,000. Finally, JNBA Financial Advisors raised its holdings in Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 100 shares during the period. 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.