Lowe’s Companies’ (LOW) Market Perform Rating Reaffirmed at Telsey Advisory Group

Lowe’s Companies (NYSE:LOW)‘s stock had its “market perform” rating reaffirmed by equities researchers at Telsey Advisory Group in a research note issued on Tuesday, Benzinga reports. They presently have a $230.00 price target on the home improvement retailer’s stock. Telsey Advisory Group’s price objective suggests a potential downside of 5.14% from the company’s previous close.

LOW has been the topic of several other reports. Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Truist Financial cut their price objective on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Evercore ISI cut their price objective on Lowe’s Companies from $250.00 to $225.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $246.00 price target on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Fourteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $252.96.

Lowe’s Companies Stock Up 0.9 %

NYSE LOW opened at $242.45 on Tuesday. The stock’s 50-day simple moving average is $231.18 and its two-hundred day simple moving average is $232.26. Lowe’s Companies has a twelve month low of $181.85 and a twelve month high of $262.49. The company has a market capitalization of $138.16 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 1.85 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. The business had revenue of $23.59 billion for the quarter, compared to the consensus estimate of $23.93 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the business posted $4.56 earnings per share. On average, equities analysts expect that Lowe’s Companies will post 12.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lowe’s Companies

A number of hedge funds have recently added to or reduced their stakes in LOW. Paragon Private Wealth Management LLC increased its stake in shares of Lowe’s Companies by 13.5% in the 4th quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock worth $1,086,000 after purchasing an additional 581 shares in the last quarter. ING Groep NV increased its stake in shares of Lowe’s Companies by 18,786.5% in the 4th quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock worth $23,748,000 after purchasing an additional 106,144 shares in the last quarter. Clifford Swan Investment Counsel LLC increased its stake in shares of Lowe’s Companies by 0.3% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock worth $47,947,000 after purchasing an additional 541 shares in the last quarter. Brevan Howard Capital Management LP increased its stake in shares of Lowe’s Companies by 824.6% in the 4th quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock worth $3,414,000 after purchasing an additional 13,680 shares in the last quarter. Finally, Bamco Inc. NY increased its stake in shares of Lowe’s Companies by 10.3% in the 1st quarter. Bamco Inc. NY now owns 216,958 shares of the home improvement retailer’s stock worth $55,266,000 after purchasing an additional 20,181 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

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.