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

Lowe’s Companies (NYSE:LOW) had its price target lowered by Mizuho from $305.00 to $300.00 in a report published on Thursday,Benzinga reports. The firm currently has an outperform rating on the home improvement retailer’s stock.

A number of other brokerages have also recently weighed in on LOW. Bank of America decreased their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday. Royal Bank of Canada increased their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Guggenheim reiterated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Stifel Nicolaus lifted their price target on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company upped their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Trading Down 0.5 %

Shares of NYSE:LOW opened at $245.87 on Thursday. The firm has a 50 day simple moving average of $252.50 and a 200-day simple moving average of $258.77. The company has a market capitalization of $138.83 billion, a PE ratio of 20.51, a P/E/G ratio of 1.96 and a beta of 1.11. Lowe’s Companies has a twelve month low of $211.80 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted 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. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. As a group, equities research analysts predict 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 have recently bought and sold shares of LOW. FMR LLC grew its stake in shares of Lowe’s Companies by 1.0% during the 4th quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer’s stock valued at $6,483,558,000 after buying an additional 259,766 shares during the period. State Street Corp grew its position in Lowe’s Companies by 1.9% during the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock valued at $6,774,948,000 after acquiring an additional 460,851 shares during the period. Geode Capital Management LLC increased its stake in Lowe’s Companies by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer’s stock worth $2,952,341,000 after acquiring an additional 245,876 shares during the last quarter. Norges Bank purchased a new position in shares of Lowe’s Companies in the 4th quarter worth about $1,842,954,000. Finally, Northern Trust Corp lifted its stake in shares of Lowe’s Companies by 16.3% in the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock valued at $1,745,960,000 after purchasing an additional 993,833 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

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.