Lowe’s Companies (NYSE:LOW) PT Lowered to $225.00 at Evercore ISI

Lowe’s Companies (NYSE:LOW) had its price target decreased by Evercore ISI from $250.00 to $225.00 in a report issued on Tuesday, Benzinga reports. Evercore ISI currently has an in-line rating on the home improvement retailer’s stock.

Other equities research analysts have also recently issued research reports about the stock. Gordon Haskett reaffirmed a hold rating and set a $245.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Wedbush reaffirmed a neutral rating and issued a $250.00 price target on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Royal Bank of Canada reissued a sector perform rating and issued a $246.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Citigroup reduced their target price on Lowe’s Companies from $243.00 to $240.00 and set a neutral rating for the company in a research note on Tuesday, May 7th. Finally, Truist Financial decreased their target price on Lowe’s Companies from $271.00 to $265.00 and set a buy rating on the stock in a research report on Wednesday, May 22nd. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $250.41.

Lowe’s Companies Price Performance

NYSE:LOW opened at $213.30 on Tuesday. The company’s fifty day moving average price is $224.22 and its 200-day moving average price is $228.21. Lowe’s Companies has a 1-year low of $181.85 and a 1-year high of $262.49. The firm has a market capitalization of $121.55 billion, a P/E ratio of 17.13, a PEG ratio of 1.64 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The business had revenue of $21.36 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter last year, the business posted $3.67 EPS. The company’s revenue was down 4.4% on a year-over-year basis. Equities analysts anticipate that Lowe’s Companies will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Wednesday, July 24th. Lowe’s Companies’s dividend payout ratio is presently 35.34%.

Institutional Investors Weigh In On Lowe’s Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOW. Wetzel Investment Advisors Inc. purchased a new stake in Lowe’s Companies in the 4th quarter valued at about $25,000. Tidemark LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter worth $27,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at $28,000. Orion Capital Management LLC purchased a new stake in shares of Lowe’s Companies in the 3rd quarter valued at $26,000. Finally, Keener Financial Planning LLC purchased a new position in shares of Lowe’s Companies in the first quarter valued at approximately $35,000. Hedge funds and other institutional investors 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.