Lowe's Companies (NYSE:LOW - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Tuesday.
A number of other research analysts have also recently issued reports on the stock. Guggenheim reissued a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a research report on Thursday, December 12th. Bank of America cut their target price 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. BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Barclays boosted their target price on shares of Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 20th. Finally, Wedbush reissued a "neutral" rating and issued a $250.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $280.83.
Read Our Latest Report on Lowe's Companies
Lowe's Companies Price Performance
Shares of Lowe's Companies stock traded down $9.90 on Tuesday, reaching $232.48. 3,294,563 shares of the company traded hands, compared to its average volume of 2,286,993. The firm has a market capitalization of $131.27 billion, a PE ratio of 19.39, a PEG ratio of 1.96 and a beta of 1.12. The company has a 50 day moving average of $251.52 and a 200 day moving average of $259.14. Lowe's Companies has a 52 week low of $211.80 and a 52 week high of $287.01.
Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $18.29 billion. As a group, analysts anticipate that Lowe's Companies will post 11.9 earnings per share for the current year.
Institutional Trading of Lowe's Companies
Institutional investors and hedge funds have recently bought and sold shares of the stock. StoneX Group Inc. acquired a new position in Lowe's Companies in the 3rd quarter valued at about $2,713,000. Principal Financial Group Inc. grew its position in Lowe's Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after acquiring an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC grew its position in Lowe's Companies by 288.6% in the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock valued at $4,696,000 after acquiring an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Lowe's Companies by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock valued at $98,104,000 after acquiring an additional 4,435 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its position in Lowe's Companies by 2.6% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock valued at $4,894,000 after acquiring an additional 501 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.
Lowe's Companies Company Profile
(
Get Free Report)
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.
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