Lowe’s Companies’ (LOW) “Neutral” Rating Reaffirmed at DA Davidson

Lowe’s Companies (NYSE:LOW)‘s stock had its “neutral” rating reissued by DA Davidson in a research report issued on Wednesday, MarketBeat.com reports. They currently have a $270.00 price objective on the home improvement retailer’s stock. DA Davidson’s price target suggests a potential upside of 5.99% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. Robert W. Baird upgraded Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price on the stock in a report on Wednesday, February 14th. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Piper Sandler lifted their price objective on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Telsey Advisory Group restated a “market perform” rating and set a $215.00 price objective on shares of Lowe’s Companies in a report on Friday, February 23rd. Finally, The Goldman Sachs Group lifted their price objective on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Thirteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $251.60.

Lowe’s Companies Price Performance

NYSE LOW opened at $254.73 on Wednesday. The firm has a market capitalization of $145.75 billion, a P/E ratio of 19.36, a P/E/G ratio of 1.86 and a beta of 1.13. Lowe’s Companies has a 1-year low of $181.85 and a 1-year high of $262.49. The business’s 50-day simple moving average is $232.18 and its 200-day simple moving average is $215.99.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. The business had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company’s revenue was down 17.1% on a year-over-year basis. During the same period last year, the business posted $2.28 EPS. On average, equities research analysts expect that Lowe’s Companies will post 12.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC boosted its position in Lowe’s Companies by 33.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,345 shares of the home improvement retailer’s stock valued at $695,000 after purchasing an additional 843 shares during the period. Meridian Wealth Management LLC boosted its position in Lowe’s Companies by 100.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 31,158 shares of the home improvement retailer’s stock worth $6,492,000 after acquiring an additional 15,612 shares during the period. Biondo Investment Advisors LLC boosted its position in Lowe’s Companies by 1.0% during the 3rd quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock worth $12,669,000 after acquiring an additional 620 shares during the period. Geneos Wealth Management Inc. boosted its position in Lowe’s Companies by 2.5% during the 3rd quarter. Geneos Wealth Management Inc. now owns 6,950 shares of the home improvement retailer’s stock worth $1,444,000 after acquiring an additional 168 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in Lowe’s Companies during the 3rd quarter worth $40,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

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.