Lowe’s Companies (NYSE:LOW) Price Target Cut to $230.00 by Analysts at Stifel Nicolaus

Lowe’s Companies (NYSE:LOW) had its price target decreased by equities researchers at Stifel Nicolaus from $275.00 to $230.00 in a research note issued to investors on Friday, MarketBeat reports. The firm presently has a “hold” rating on the home improvement retailer’s stock. Stifel Nicolaus’ price target points to a potential upside of 0.80% from the stock’s current price.

Several other analysts have also recently commented on the company. Piper Sandler raised their target price on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Royal Bank Of Canada raised their price target on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. reduced their price objective on shares of Lowe’s Companies from $283.00 to $275.00 and set an “overweight” rating for the company in a report on Monday. KeyCorp increased their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, Sanford C. Bernstein upped their price target on shares of Lowe’s Companies from $279.00 to $282.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Sixteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $278.91.

Lowe’s Companies Trading Down 1.4%

NYSE:LOW traded down $3.29 during mid-day trading on Friday, hitting $228.18. The stock had a trading volume of 725,004 shares, compared to its average volume of 2,681,146. The company has a 50 day simple moving average of $248.51 and a 200-day simple moving average of $237.25. The stock has a market capitalization of $127.97 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 2.21 and a beta of 0.87. Lowe’s Companies has a 52 week low of $206.38 and a 52 week high of $280.64.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe’s Companies’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research analysts anticipate that Lowe’s Companies will post 11.9 earnings per share for the current year.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 92,931 shares of company stock valued at $24,945,752 in the last ninety days. Company insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Lowe’s Companies

Several hedge funds have recently modified their holdings of the stock. Howard Hughes Medical Institute purchased a new stake in Lowe’s Companies during the second quarter valued at about $27,000. Solstein Capital LLC raised its holdings in shares of Lowe’s Companies by 627.8% during the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 113 shares during the period. Activest Wealth Management lifted its position in shares of Lowe’s Companies by 78.5% in the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 51 shares in the last quarter. Traub Capital Management LLC acquired a new position in Lowe’s Companies in the 2nd quarter worth approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC grew its position in Lowe’s Companies by 128.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 76 shares in the last quarter. 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.