Stifel Nicolaus Lowers Lowe’s Companies (NYSE:LOW) Price Target to $250.00

Lowe’s Companies (NYSE:LOW) had its price target decreased by Stifel Nicolaus from $270.00 to $250.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the home improvement retailer’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 7.82% from the company’s previous close.

A number of other equities analysts also recently commented on LOW. JPMorgan Chase & Co. decreased their price target on Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. Royal Bank of Canada reduced their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Piper Sandler dropped their target price on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. DA Davidson restated a “neutral” rating and issued a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday, April 16th. Finally, Mizuho lowered their target price on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $276.17.

Lowe’s Companies Stock Down 1.0%

NYSE LOW traded down $2.37 during trading hours on Monday, hitting $231.86. 248,731 shares of the stock were exchanged, compared to its average volume of 2,500,191. Lowe’s Companies has a 12-month low of $206.39 and a 12-month high of $287.01. The company has a market cap of $129.77 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The stock has a 50-day moving average of $224.34 and a 200 day moving average of $245.71.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. On average, equities research analysts expect that Lowe’s Companies will post 11.9 earnings per share for the current year.

Hedge Funds Weigh In On Lowe’s Companies

A number of hedge funds have recently modified their holdings of the stock. Wood Tarver Financial Group LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new stake in Lowe’s Companies during the 4th quarter valued at $31,000. Fairway Wealth LLC purchased a new stake in shares of Lowe’s Companies in the first quarter valued at $32,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth $33,000. Finally, Orion Capital Management LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at $36,000. 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.