Evercore ISI Lowers Lowe’s Companies (NYSE:LOW) Price Target to $275.00

Lowe’s Companies (NYSE:LOW) had its price target reduced by equities research analysts at Evercore ISI from $280.00 to $275.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “in-line” rating on the home improvement retailer’s stock. Evercore ISI’s target price would suggest a potential upside of 20.79% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Truist Financial increased their price target on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Gordon Haskett restated a “hold” rating and set a $245.00 price objective on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Wedbush lifted their price target on Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. upped their price objective on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Finally, Citigroup boosted their price target on shares of Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Stock Down 1.0 %

Shares of LOW stock traded down $2.35 during trading on Tuesday, reaching $227.66. 243,896 shares of the company’s stock were exchanged, compared to its average volume of 2,540,576. Lowe’s Companies has a twelve month low of $181.85 and a twelve month high of $262.49. The stock has a market capitalization of $130.26 billion, a PE ratio of 17.32, a PEG ratio of 1.72 and a beta of 1.13. The firm’s fifty day moving average price is $238.95 and its 200-day moving average price is $218.17.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the prior year, the company posted $2.28 EPS. The company’s revenue was down 17.1% compared to the same quarter last year. As a group, analysts anticipate that Lowe’s Companies will post 12.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Lowe’s Companies

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Management Group Inc. increased its stake in Lowe’s Companies by 4.0% during the fourth quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock valued at $268,000 after acquiring an additional 46 shares during the period. First Command Advisory Services Inc. lifted its holdings in Lowe’s Companies by 1.9% during the 4th quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock worth $576,000 after buying an additional 48 shares in the last quarter. Jag Capital Management LLC lifted its stake in shares of Lowe’s Companies by 0.3% in the 4th quarter. Jag Capital Management LLC now owns 15,772 shares of the home improvement retailer’s stock valued at $3,510,000 after purchasing an additional 48 shares during the period. Hamilton Capital LLC lifted its stake in shares of Lowe’s Companies by 2.1% in the 3rd quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after purchasing an additional 49 shares during the period. Finally, Abundance Wealth Counselors increased its position in shares of Lowe’s Companies by 0.8% in the 4th quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after buying an additional 50 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

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.