Lowe’s Companies (NYSE:LOW) PT Lowered to $275.00 at Evercore ISI

Lowe’s Companies (NYSE:LOW) had its target price lowered by stock 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 suggests a potential upside of 20.16% from the company’s current price.

A number of other equities analysts also recently issued reports on LOW. Oppenheimer reissued a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research note on Monday, March 4th. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Gordon Haskett reissued a “hold” rating and set a $245.00 target price on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Piper Sandler increased their target price on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Finally, JPMorgan Chase & Co. increased their target price on Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Stock Up 0.2 %

LOW opened at $228.86 on Tuesday. The business has a 50 day moving average price of $239.29 and a two-hundred day moving average price of $218.38. The company has a market cap of $130.95 billion, a PE ratio of 17.39, a P/E/G ratio of 1.70 and a beta of 1.13. Lowe’s Companies has a 52 week low of $181.85 and a 52 week high of $262.49.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sandy Cove Advisors LLC acquired a new position in Lowe’s Companies during the first quarter valued at approximately $218,000. Cornerstone Wealth Group LLC lifted its position in Lowe’s Companies by 29.4% during the first quarter. Cornerstone Wealth Group LLC now owns 24,105 shares of the home improvement retailer’s stock valued at $6,140,000 after buying an additional 5,470 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in Lowe’s Companies by 9.5% during the first quarter. Physician Wealth Advisors Inc. now owns 1,059 shares of the home improvement retailer’s stock valued at $270,000 after buying an additional 92 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in Lowe’s Companies by 26.1% during the first quarter. New Mexico Educational Retirement Board now owns 39,177 shares of the home improvement retailer’s stock valued at $9,980,000 after buying an additional 8,100 shares in the last quarter. Finally, Iron Horse Wealth Management LLC lifted its position in Lowe’s Companies by 66.7% during the first quarter. Iron Horse Wealth Management LLC now owns 225 shares of the home improvement retailer’s stock valued at $57,000 after buying an additional 90 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

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.