Lowe’s Companies (NYSE:LOW) Given New $238.00 Price Target at Jefferies Financial Group

Lowe’s Companies (NYSE:LOWGet Rating) had its price target decreased by equities research analysts at Jefferies Financial Group from $290.00 to $238.00 in a research report issued on Thursday, The Fly reports. Jefferies Financial Group’s price objective suggests a potential upside of 28.43% from the company’s current price.

Other analysts also recently issued reports about the company. DA Davidson reduced their price objective on Lowe’s Companies from $292.00 to $240.00 in a research report on Thursday. Citigroup dropped their target price on Lowe’s Companies from $292.00 to $222.00 in a research note on Friday, May 13th. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Friday, May 13th. Piper Sandler dropped their target price on Lowe’s Companies from $267.00 to $243.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Finally, OTR Global lowered Lowe’s Companies to a “positive” rating in a research note on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $247.25.

Shares of NYSE:LOW opened at $185.31 on Thursday. Lowe’s Companies has a 52-week low of $179.76 and a 52-week high of $263.31. The stock’s fifty day simple moving average is $207.17 and its 200-day simple moving average is $228.36. The company has a market capitalization of $122.51 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.16 and a beta of 1.25.

Lowe’s Companies (NYSE:LOWGet Rating) last issued its quarterly earnings data on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.29. Lowe’s Companies had a negative return on equity of 551.52% and a net margin of 8.77%. The business had revenue of $23.66 billion for the quarter, compared to the consensus estimate of $23.72 billion. During the same period in the prior year, the business earned $3.21 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. Sell-side analysts forecast that Lowe’s Companies will post 13.36 EPS for the current year.

Several hedge funds have recently bought and sold shares of LOW. Trust Investment Advisors raised its holdings in Lowe’s Companies by 0.9% in the 4th quarter. Trust Investment Advisors now owns 4,702 shares of the home improvement retailer’s stock worth $1,215,000 after acquiring an additional 43 shares during the last quarter. YHB Investment Advisors Inc. grew its position in Lowe’s Companies by 0.5% in the 4th quarter. YHB Investment Advisors Inc. now owns 9,802 shares of the home improvement retailer’s stock worth $2,534,000 after purchasing an additional 45 shares during the period. Fieldpoint Private Securities LLC grew its position in Lowe’s Companies by 1.0% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 4,532 shares of the home improvement retailer’s stock worth $919,000 after purchasing an additional 46 shares during the period. Assetmark Inc. grew its position in Lowe’s Companies by 0.5% in the 3rd quarter. Assetmark Inc. now owns 9,970 shares of the home improvement retailer’s stock worth $2,022,000 after purchasing an additional 47 shares during the period. Finally, Oldfather Financial Services LLC grew its position in Lowe’s Companies by 4.8% in the 4th quarter. Oldfather Financial Services LLC now owns 1,021 shares of the home improvement retailer’s stock worth $232,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 75.46% of the company’s stock.

Lowe’s Companies Company Profile (Get Rating)

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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