Lowe’s Companies (NYSE:LOW) Price Target Lowered to $230.00 at Piper Sandler

Lowe’s Companies (NYSE:LOW – Get Rating) had its target price reduced by Piper Sandler from $235.00 to $230.00 in a research note published on Wednesday morning, The Fly reports.

Other analysts also recently issued research reports about the company. Citigroup reduced their price objective on Lowe’s Companies from $215.00 to $210.00 in a research note on Friday, March 3rd. Robert W. Baird dropped their target price on Lowe’s Companies from $235.00 to $225.00 in a report on Friday, May 12th. StockNews.com initiated coverage on Lowe’s Companies in a report on Thursday, May 18th. They issued a buy rating for the company. Truist Financial dropped their target price on Lowe’s Companies from $235.00 to $229.00 in a report on Wednesday. Finally, Barclays dropped their target price on Lowe’s Companies from $215.00 to $212.00 in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $221.12.

Lowe’s Companies Stock Down 1.5 %

LOW stock opened at $203.63 on Wednesday. Lowe’s Companies has a twelve month low of $170.12 and a twelve month high of $223.31. The stock has a market cap of $121.44 billion, a P/E ratio of 20.34, a PEG ratio of 1.19 and a beta of 1.09. The business’s 50-day moving average price is $201.89 and its 200-day moving average price is $204.21.

Lowe’s Companies (NYSE:LOW – Get Rating) last issued its earnings results on Tuesday, May 23rd. The home improvement retailer reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.48 by $0.19. The company had revenue of $22.35 billion for the quarter, compared to the consensus estimate of $21.68 billion. Lowe’s Companies had a negative return on equity of 82.30% and a net margin of 6.63%. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the company earned $3.51 EPS. On average, equities research analysts expect that Lowe’s Companies will post 13.66 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Wednesday, April 26th were issued a $1.05 dividend. The ex-dividend date was Tuesday, April 25th. This represents a $4.20 annualized dividend and a yield of 2.06%. Lowe’s Companies’s dividend payout ratio is currently 41.96%.

Insider Activity at Lowe’s Companies

In related news, EVP Donald Frieson sold 9,411 shares of the stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $197.00, for a total value of $1,853,967.00. Following the completion of the sale, the executive vice president now directly owns 17,888 shares in the company, valued at approximately $3,523,936. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Lowe’s Companies

Several large investors have recently modified their holdings of LOW. Cornell Pochily Investment Advisors Inc. raised its stake in Lowe’s Companies by 0.4% during the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 11,285 shares of the home improvement retailer’s stock worth $2,249,000 after acquiring an additional 49 shares during the period. Family Firm Inc. raised its stake in Lowe’s Companies by 3.0% during the third quarter. Family Firm Inc. now owns 1,712 shares of the home improvement retailer’s stock worth $322,000 after acquiring an additional 50 shares during the period. Wiley BROS. Aintree Capital LLC raised its stake in Lowe’s Companies by 1.3% during the fourth quarter. Wiley BROS. Aintree Capital LLC now owns 3,920 shares of the home improvement retailer’s stock worth $781,000 after acquiring an additional 50 shares during the period. First PREMIER Bank raised its stake in Lowe’s Companies by 9.4% during the fourth quarter. First PREMIER Bank now owns 580 shares of the home improvement retailer’s stock worth $116,000 after acquiring an additional 50 shares during the period. Finally, DT Investment Partners LLC raised its stake in Lowe’s Companies by 2.2% during the fourth quarter. DT Investment Partners LLC now owns 2,287 shares of the home improvement retailer’s stock worth $456,000 after acquiring an additional 50 shares during the period. Institutional investors own 72.62% of the company’s stock.

About Lowe’s Companies

(Get Rating)

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.