Lowe’s Companies (NYSE:LOW) Raised to “Hold” at Gordon Haskett

Lowe’s Companies (NYSE:LOW) was upgraded by analysts at Gordon Haskett to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other analysts have also issued reports about the stock. Sanford C. Bernstein set a $266.00 price objective on shares of Lowe’s Companies and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Royal Bank Of Canada lowered their price objective on shares of Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating for the company in a report on Thursday, May 22nd. Truist Financial set a $264.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Thursday, May 22nd. DA Davidson lowered their price objective on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, May 22nd. Finally, Morgan Stanley decreased their target price on shares of Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $270.68.

Lowe’s Companies Stock Down 0.5%

NYSE LOW opened at $251.86 on Wednesday. The company has a 50-day simple moving average of $226.61 and a two-hundred day simple moving average of $230.50. Lowe’s Companies has a 12-month low of $206.38 and a 12-month high of $287.01. The firm has a market cap of $141.15 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 2.39 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. The company had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. Lowe’s Companies had a net margin of 8.22% and a negative return on equity of 49.12%. Lowe’s Companies’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.06 earnings per share. Equities analysts expect that Lowe’s Companies will post 11.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe’s Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president owned 31,898 shares in the company, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.

Institutional Trading of Lowe’s Companies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gen Wealth Partners Inc grew its holdings in Lowe’s Companies by 1.9% during the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock worth $534,000 after acquiring an additional 40 shares in the last quarter. Waterloo Capital L.P. grew its holdings in Lowe’s Companies by 1.2% during the 2nd quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock worth $767,000 after acquiring an additional 41 shares in the last quarter. Second Line Capital LLC boosted its holdings in shares of Lowe’s Companies by 0.9% in the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer’s stock valued at $1,183,000 after buying an additional 44 shares in the last quarter. Vertex Planning Partners LLC boosted its holdings in shares of Lowe’s Companies by 2.9% in the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $369,000 after buying an additional 44 shares in the last quarter. Finally, Operose Advisors LLC boosted its holdings in shares of Lowe’s Companies by 1.4% in the 2nd quarter. Operose Advisors LLC now owns 3,331 shares of the home improvement retailer’s stock valued at $739,000 after buying an additional 45 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

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.