Truist Financial Trims Lowe’s Companies (NYSE:LOW) Target Price to $265.00

Lowe’s Companies (NYSE:LOW) had its price target lowered by investment analysts at Truist Financial from $271.00 to $265.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the home improvement retailer’s stock. Truist Financial’s target price points to a potential upside of 21.91% from the stock’s current price.

LOW has been the subject of a number of other reports. Evercore ISI lowered their price target on Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating for the company in a report on Wednesday. DA Davidson restated a “neutral” rating and set a $270.00 target price on shares of Lowe’s Companies in a report on Wednesday, March 27th. Wedbush raised their target price on Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. raised their target price on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, Stifel Nicolaus raised their target price on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a report on Monday, May 13th. Fourteen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $251.33.

Lowe’s Companies Trading Down 1.7 %

NYSE LOW opened at $217.38 on Wednesday. The stock has a market cap of $124.38 billion, a PE ratio of 17.46, a P/E/G ratio of 1.74 and a beta of 1.15. Lowe’s Companies has a twelve month low of $181.85 and a twelve month high of $262.49. The stock has a fifty day simple moving average of $237.03 and a 200-day simple moving average of $224.66.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. The business had revenue of $21.36 billion during the quarter, compared to analysts’ expectations of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.67 EPS. Research analysts predict that Lowe’s Companies will post 12.21 EPS for the current year.

Institutional Investors Weigh In On Lowe’s Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Paragon Private Wealth Management LLC raised its position in shares of Lowe’s Companies by 13.5% during the 4th quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock worth $1,086,000 after acquiring an additional 581 shares in the last quarter. ING Groep NV raised its position in shares of Lowe’s Companies by 18,786.5% during the 4th quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock worth $23,748,000 after acquiring an additional 106,144 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its position in shares of Lowe’s Companies by 0.3% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock worth $47,947,000 after acquiring an additional 541 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its position in Lowe’s Companies by 1.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock worth $10,031,000 after buying an additional 540 shares during the period. Finally, Harbour Trust & Investment Management Co acquired a new position in Lowe’s Companies during the fourth quarter worth approximately $5,890,000. 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.