Lowe’s Companies (NYSE:LOW) Downgraded to “Hold” Rating by StockNews.com

by · The Cerbat Gem

Lowe’s Companies (NYSE:LOW – Get Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Other equities research analysts also recently issued research reports about the company. Sanford C. Bernstein raised their target price on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Barclays raised their target price on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. DA Davidson raised their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Bank of America reduced their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Royal Bank of Canada reduced their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $280.83.

Get Our Latest Stock Report on Lowe’s Companies

Lowe’s Companies Stock Down 4.1 %

LOW traded down $9.90 on Tuesday, reaching $232.48. The company’s stock had a trading volume of 3,294,563 shares, compared to its average volume of 2,286,993. Lowe’s Companies has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The stock has a 50 day moving average of $251.52 and a two-hundred day moving average of $259.14. The company has a market capitalization of $131.27 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW – Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. As a group, analysts anticipate that Lowe’s Companies will post 11.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies during the 3rd quarter worth $27,000. IFS Advisors LLC acquired a new position in Lowe’s Companies during the 4th quarter worth $25,000. Wood Tarver Financial Group LLC acquired a new position in Lowe’s Companies during the 4th quarter worth $25,000. Marshall Investment Management LLC acquired a new position in Lowe’s Companies during the 4th quarter worth $31,000. Finally, Winch Advisory Services LLC boosted its position in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

About Lowe’s Companies

(Get Free Report)

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.

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