Lowe's Companies (NYSE:LOW) Receives Outperform Rating from Mizuho

Lowe's Companies (NYSE:LOW - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock analysts at Mizuho in a research note issued to investors on Friday,Benzinga reports. They currently have a $280.00 target price on the home improvement retailer's stock. Mizuho's target price suggests a potential upside of 29.04% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the company. Morgan Stanley reduced their price target on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a report on Monday, May 5th. DA Davidson reduced their target price on Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. Wells Fargo & Company reduced their target price on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. KeyCorp raised Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price for the company in a report on Friday, April 25th. Finally, Piper Sandler reduced their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $271.12.

Lowe's Companies Price Performance

LOW traded down $6.51 on Friday, reaching $216.99. 2,425,924 shares of the stock were exchanged, compared to its average volume of 2,526,279. The company's 50-day moving average price is $223.77 and its 200 day moving average price is $239.88. Lowe's Companies has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The firm has a market capitalization of $121.61 billion, a PE ratio of 18.10, a PEG ratio of 1.96 and a beta of 0.92.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.04. The business had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.06 EPS. As a group, equities analysts forecast 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 other news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the sale, the executive vice president now owns 31,898 shares in the company, valued at approximately $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is owned by insiders.

Institutional Investors Weigh In On Lowe's Companies

Institutional investors have recently added to or reduced their stakes in the business. Wood Tarver Financial Group LLC purchased a new stake in shares of Lowe's Companies during the 4th quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in shares of Lowe's Companies during the 4th quarter worth approximately $31,000. Fairway Wealth LLC acquired a new position in shares of Lowe's Companies during the 1st quarter worth approximately $32,000. Caisse Des Depots ET Consignations acquired a new position in shares of Lowe's Companies during the 4th quarter worth approximately $33,000. Finally, Orion Capital Management LLC acquired a new position in shares of Lowe's Companies during the 4th quarter worth approximately $36,000. Hedge funds and other 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.