Lowe's Companies (NYSE:LOW) Receives "Neutral" Rating from DA Davidson

Lowe's Companies (NYSE:LOW - Get Free Report)'s stock had its "neutral" rating reiterated by equities research analysts at DA Davidson in a report released on Wednesday,Benzinga reports. They presently have a $270.00 target price on the home improvement retailer's stock. DA Davidson's target price points to a potential upside of 23.28% from the stock's current price.

LOW has been the topic of several other reports. BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday. Bank of America cut their price objective on shares of 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 reiterated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research note on Tuesday. Finally, Truist Financial reduced their price target on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and an average price target of $278.74.

Lowe's Companies Price Performance

NYSE LOW traded up $4.60 on Wednesday, hitting $219.01. 2,166,819 shares of the stock were exchanged, compared to its average volume of 2,469,826. The business's fifty day moving average is $232.59 and its 200 day moving average is $252.76. Lowe's Companies has a 52 week low of $206.39 and a 52 week high of $287.01. The company has a market capitalization of $122.58 billion, a PE ratio of 18.27, a P/E/G ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results 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. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Analysts predict that Lowe's Companies will post 11.9 EPS for the current fiscal 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 stake in shares of Lowe's Companies during the fourth quarter worth about $25,000. Wood Tarver Financial Group LLC bought a new stake in Lowe's Companies during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC increased its position in 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 valued at $30,000 after acquiring an additional 44 shares during the period. Marshall Investment Management LLC bought a new position in shares of Lowe's Companies during the fourth quarter valued at $31,000. Finally, Caisse Des Depots ET Consignations acquired a new position in shares of Lowe's Companies during the fourth quarter worth $33,000. 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.