Piper Sandler Cuts Lowe’s Companies (NYSE:LOW) Price Target to $296.00

Lowe’s Companies (NYSE:LOW) had its price objective cut by Piper Sandler from $307.00 to $296.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the home improvement retailer’s stock.

LOW has been the subject of several other reports. Barclays raised their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Truist Financial boosted their target price on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday. Evercore ISI lifted their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research report on Thursday, December 12th. Finally, Sanford C. Bernstein upped their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $248.71 on Thursday. 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 market cap of $140.43 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The stock has a fifty day moving average of $252.52 and a 200-day moving average of $259.05.

Lowe’s Companies (NYSE:LOW) last posted its earnings results 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 business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. On average, sell-side analysts predict that Lowe’s Companies will post 11.9 EPS for the current year.

Institutional Trading of Lowe’s Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies during the 3rd quarter valued at $27,000. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter valued at about $25,000. Marshall Investment Management LLC bought a new position in shares of Lowe’s Companies during the fourth quarter valued at about $31,000. JNBA Financial Advisors raised its stake in shares of Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Winch Advisory Services LLC boosted its holdings in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares during the period. Institutional investors own 74.06% of the company’s stock.

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.