Mizuho Lowers Lowe’s Companies (NYSE:LOW) Price Target to $300.00

Lowe’s Companies (NYSE:LOW) had its price target decreased by stock analysts at Mizuho from $305.00 to $300.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the home improvement retailer’s stock. Mizuho’s price objective points to a potential upside of 20.62% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Wednesday. Evercore ISI upped their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. 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 report on Thursday, December 12th. Wells Fargo & Company upped their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, DA Davidson upped their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Stock Performance

LOW opened at $248.71 on Thursday. The stock has a market capitalization of $140.43 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.96 and a beta of 1.11. The company has a fifty day moving average of $252.52 and a two-hundred day moving average of $258.89. Lowe’s Companies has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. On average, equities research analysts forecast that Lowe’s Companies will post 11.9 earnings per share for the current year.

Institutional Trading of Lowe’s Companies

A number of large investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Lowe’s Companies in the 4th quarter worth $1,842,954,000. FMR LLC increased its holdings in Lowe’s Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after acquiring an additional 2,399,897 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Lowe’s Companies by 350.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer’s stock valued at $585,770,000 after acquiring an additional 1,846,315 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Lowe’s Companies during the 4th quarter valued at about $314,435,000. Finally, Strategic Financial Concepts LLC increased its holdings in Lowe’s Companies by 24,531.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after acquiring an additional 1,223,116 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

About Lowe’s Companies

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.