Lowe’s Companies (NYSE:LOW) Upgraded at StockNews.com

Lowe’s Companies (NYSE:LOW) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other equities research analysts have also recently commented on the company. Stifel Nicolaus upped their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Evercore ISI lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. Truist Financial cut their target price on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Wedbush restated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $279.71.

Lowe’s Companies Trading Up 0.5 %

Shares of Lowe’s Companies stock traded up $1.22 on Wednesday, hitting $231.91. The stock had a trading volume of 1,790,427 shares, compared to its average volume of 2,275,887. The stock has a market cap of $130.95 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe’s Companies has a 52-week low of $211.80 and a 52-week high of $287.01. The company’s 50 day moving average price is $246.76 and its 200 day moving average price is $257.53.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Analysts predict that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Lowe’s Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. United Bank grew its holdings in Lowe’s Companies by 1.4% during the third quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock worth $2,735,000 after acquiring an additional 137 shares during the period. Soros Capital Management LLC grew its stake in Lowe’s Companies by 39.3% during the 3rd quarter. Soros Capital Management LLC now owns 2,508 shares of the home improvement retailer’s stock valued at $679,000 after acquiring an additional 708 shares in the last quarter. Blueshift Asset Management LLC increased its holdings in shares of Lowe’s Companies by 13.2% in the 3rd quarter. Blueshift Asset Management LLC now owns 2,770 shares of the home improvement retailer’s stock valued at $750,000 after purchasing an additional 324 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Lowe’s Companies by 101.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 150,000 shares of the home improvement retailer’s stock worth $40,628,000 after purchasing an additional 75,500 shares during the period. Finally, CreativeOne Wealth LLC grew its position in Lowe’s Companies by 18.5% during the third quarter. CreativeOne Wealth LLC now owns 12,344 shares of the home improvement retailer’s stock valued at $3,343,000 after purchasing an additional 1,924 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

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.