Truist Financial Cuts Lowe's Companies (NYSE:LOW) Price Target to $258.00

Lowe's Companies (NYSE:LOW - Free Report) had its price objective decreased by Truist Financial from $295.00 to $258.00 in a report released on Tuesday morning,Benzinga reports. Truist Financial currently has a buy rating on the home improvement retailer's stock.

LOW has been the topic of a number of other research reports. Wedbush reissued a "neutral" rating and set a $250.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Mizuho cut their price target on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. StockNews.com lowered shares of Lowe's Companies from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Royal Bank of Canada lowered their price objective on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and an average target price of $278.74.

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Lowe's Companies Price Performance

Shares of NYSE:LOW traded down $1.09 during trading on Tuesday, hitting $220.11. 2,903,271 shares of the company were exchanged, compared to its average volume of 2,462,266. The firm's 50 day moving average price is $236.25 and its 200-day moving average price is $254.37. Lowe's Companies has a 12-month low of $206.39 and a 12-month high of $287.01. The stock has a market capitalization of $123.20 billion, a P/E ratio of 18.36, a PEG ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, equities research analysts anticipate that Lowe's Companies will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.09%. Lowe's Companies's dividend payout ratio (DPR) is presently 37.67%.

Institutional Investors Weigh In On Lowe's Companies

Several hedge funds have recently made changes to their positions in LOW. IFS Advisors LLC purchased a new position in Lowe's Companies during the fourth quarter worth about $25,000. Wood Tarver Financial Group LLC acquired a new position in Lowe's Companies during the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new stake in Lowe's Companies during the fourth quarter worth approximately $31,000. Winch Advisory Services LLC increased its position in shares of Lowe's Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after acquiring an additional 44 shares in the last quarter. Finally, Caisse Des Depots ET Consignations purchased a new stake in Lowe's Companies during the 4th quarter worth $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.