Lowe’s Companies (NYSE:LOW) Earns Neutral Rating from DA Davidson

Lowe’s Companies (NYSE:LOW)‘s stock had its “neutral” rating reiterated by investment analysts at DA Davidson in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $270.00 price objective on the home improvement retailer’s stock. DA Davidson’s price target indicates a potential upside of 23.28% from the stock’s previous close.

Other analysts also recently issued reports about the company. Bank of America cut their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Tuesday. Truist Financial reduced their price objective on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Mizuho reduced their price target on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $278.74.

Lowe’s Companies Stock Performance

LOW opened at $219.01 on Wednesday. The stock has a fifty day moving average of $233.35 and a 200-day moving average of $253.13. The company has a market capitalization of $122.58 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.96 and a beta of 1.07. Lowe’s Companies has a fifty-two week low of $206.39 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. On average, equities research analysts predict that Lowe’s Companies will post 11.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. IFS Advisors LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at $25,000. Wood Tarver Financial Group LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter valued at about $25,000. Winch Advisory Services LLC grew its stake in Lowe’s Companies by 56.4% during the fourth 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 during the period. Marshall Investment Management LLC bought a new stake in Lowe’s Companies in the fourth quarter worth approximately $31,000. Finally, Caisse Des Depots ET Consignations acquired a new position in Lowe’s Companies in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds 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.