Lowe's Companies (NYSE:LOW) Given "Outperform" Rating at Telsey Advisory Group

Lowe's Companies (NYSE:LOW - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They presently have a $305.00 price objective on the home improvement retailer's stock. Telsey Advisory Group's price objective would suggest a potential upside of 32.83% from the stock's previous close.

A number of other research analysts have also recently weighed in on LOW. KeyCorp upgraded Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price on the stock in a report on Friday, April 25th. Bank of America dropped their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Morgan Stanley decreased their price objective 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. Piper Sandler decreased their price objective on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Finally, Truist Financial lowered their price objective on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average price target of $276.17.

Lowe's Companies Stock Down 0.7%

LOW opened at $229.61 on Wednesday. Lowe's Companies has a 52 week low of $206.39 and a 52 week high of $287.01. The business has a 50 day moving average price of $224.64 and a two-hundred day moving average price of $245.42. The company has a market cap of $128.52 billion, a PE ratio of 19.05, a P/E/G ratio of 1.96 and a beta of 1.00.

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, topping the consensus estimate of $2.88 by $0.04. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. During the same quarter in the previous year, the firm earned $3.06 earnings per share. The business's revenue was down 2.0% on a year-over-year basis. As a group, sell-side analysts expect that Lowe's Companies will post 11.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Lowe's Companies

A number of institutional investors and hedge funds have recently modified their holdings of LOW. Klingenstein Fields & Co. LP grew its holdings in shares of Lowe's Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock worth $1,012,000 after purchasing an additional 39 shares during the last quarter. Saxony Capital Management LLC lifted its holdings in Lowe's Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock worth $245,000 after buying an additional 40 shares during the period. Powers Advisory Group LLC grew its position in shares of Lowe's Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock worth $380,000 after buying an additional 40 shares during the last quarter. Gen Wealth Partners Inc increased its stake in shares of Lowe's Companies by 1.9% during the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock valued at $534,000 after buying an additional 40 shares during the period. Finally, Cordatus Wealth Management LLC lifted its stake in Lowe's Companies by 0.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock worth $3,705,000 after acquiring an additional 41 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

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.

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