February 8, 2023
Lowe’s Firms (NYSE:LOW) PT Lowered to 0.00

Lowe’s Firms (NYSE:LOW – Get Score) had its worth goal decreased by UBS Group from $260.00 to $250.00 in a analysis report issued to shoppers and buyers on Friday, Benzinga stories. The brokerage presently has a “purchase” ranking on the house enchancment retailer’s inventory. UBS Group’s worth goal signifies a possible upside of 24.52% from the corporate’s earlier shut.

Different analysts additionally lately issued stories in regards to the firm. Citigroup lowered their goal worth on Lowe’s Firms from $217.00 to $215.00 in a analysis observe on Monday, October thirty first. Exane BNP Paribas downgraded Lowe’s Firms from a “impartial” ranking to an “underperform” ranking and set a $159.00 goal worth for the corporate. in a analysis observe on Wednesday, October nineteenth. MKM Companions lowered their goal worth on Lowe’s Firms from $220.00 to $205.00 in a analysis observe on Wednesday, November ninth. Loop Capital lowered their goal worth on Lowe’s Firms from $210.00 to $200.00 in a analysis observe on Friday, December ninth. Lastly, Cowen started protection on Lowe’s Firms in a analysis observe on Wednesday, October nineteenth. They issued a “market carry out” ranking and a $210.00 goal worth for the corporate. Two analysis analysts have rated the inventory with a promote ranking, eight have assigned a maintain ranking and fifteen have given a purchase ranking to the corporate’s inventory. Based mostly on knowledge from MarketBeat, Lowe’s Firms presently has a mean ranking of “Average Purchase” and a consensus worth goal of $230.52.

Lowe’s Firms Buying and selling Down 0.3 %

Shares of Lowe’s Firms inventory opened at $200.77 on Friday. The enterprise has a 50-day transferring common worth of $203.00 and a two-hundred day transferring common worth of $196.04. Lowe’s Firms has a 1-year low of $170.12 and a 1-year excessive of $258.45. The corporate has a market cap of $124.62 billion, a P/E ratio of 19.66, a PEG ratio of 1.11 and a beta of 1.16.

Lowe’s Firms (NYSE:LOW – Get Score) final issued its quarterly earnings outcomes on Wednesday, November sixteenth. The house enchancment retailer reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.16. Lowe’s Firms had a adverse return on fairness of 103.72% and a internet margin of 6.97%. The agency had income of $23.48 billion through the quarter, in comparison with the consensus estimate of $23.16 billion. Throughout the identical interval final yr, the enterprise posted $2.73 EPS. The enterprise’s income was up 2.4% in comparison with the identical quarter final yr. Equities analysis analysts forecast that Lowe’s Firms will put up 13.73 EPS for the present fiscal yr.

Insider Transactions at Lowe’s Firms

In associated information, EVP Ross W. Mccanless bought 57,629 shares of the corporate’s inventory in a transaction that occurred on Tuesday, December thirteenth. The inventory was bought at a mean worth of $211.35, for a complete worth of $12,179,889.15. Following the transaction, the chief vp now owns 26,923 shares within the firm, valued at $5,690,176.05. The transaction was disclosed in a doc filed with the SEC, which is on the market by way of the SEC web site. 0.24% of the inventory is presently owned by firm insiders.

Institutional Inflows and Outflows

A lot of institutional buyers have lately made adjustments to their positions in LOW. Allworth Monetary LP boosted its holdings in Lowe’s Firms by 13.0% within the third quarter. Allworth Monetary LP now owns 11,173 shares of the house enchancment retailer’s inventory value $2,098,000 after shopping for an extra 1,283 shares through the interval. Private Capital Advisors Corp boosted its holdings in Lowe’s Firms by 0.6% within the 1st quarter. Private Capital Advisors Corp now owns 167,111 shares of the house enchancment retailer’s inventory value $33,788,000 after shopping for an extra 931 shares through the interval. New Millennium Group LLC purchased a brand new place in Lowe’s Firms within the 2nd quarter value roughly $47,000. Simplicity Wealth LLC purchased a brand new place in Lowe’s Firms within the 1st quarter value roughly $1,021,000. Lastly, Monetary Methods Group Inc. boosted its holdings in Lowe’s Firms by 26.2% within the third quarter. Monetary Methods Group Inc. now owns 5,916 shares of the house enchancment retailer’s inventory value $1,111,000 after shopping for an extra 1,229 shares through the interval. Hedge funds and different institutional buyers personal 72.62% of the corporate’s inventory.

Lowe’s Firms Firm Profile

(Get Score)

Lowe’s Firms, Inc, along with its subsidiaries, operates as a house enchancment retailer in america and internationally. The corporate provides a line of merchandise for development, upkeep, restore, reworking, and adorning. It supplies dwelling enchancment merchandise, corresponding to home equipment, seasonal and outside dwelling, garden and backyard, lumber, kitchens and bathtub, instruments, paint, millwork, {hardware}, flooring, tough plumbing, constructing supplies, décor, lighting, and electrical.

Additional Studying

Analyst Recommendations for Lowe's Companies (NYSE:LOW)

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