According to the information provided by Bloomberg.com, the average recommendation for the stock that is being kept an eye on by the 31 research firms currently following Lowe’s Companies, INC is “Hold.” Two analysts have recommended selling the stock, eleven analysts have recommended holding the stock, and eight analysts have recommended buying the stock.
Brokers covered the stock throughout the previous year; their current average price projection for one year is $223.65.
Over the past few months, a number of hedge funds have increased the percentage of their holdings that are invested in the company. Standard Family Office LLC made a brand new investment in Lowe’s Companies during the third quarter.
The value of this investment was $26,000.
During the third quarter, Legend Financial Advisors INC increased its stake in Lowe’s Companies by purchasing additional shares for approximately $26,000.
This was done to increase the company’s overall exposure. Northwest Investment Counselors LLC successfully achieved a 56.0% increase in the Lowe’s Companies stock it owned over the third quarter. Northwest Investment Counselors LLC now fully owns 142 shares of the stock, valued at $27,000 and held by the home improvement store, after making an additional purchase of 51 shares during the most recent quarter.
This brings Northwest Investment Counselors LLC’s total number of shares to 142. One of the company’s accomplishments was a 70.6% increase in the proportion of Lowe’s Companies stock that Blume Capital Management INC owned as of the third quarter.
After making an additional purchase of 60 shares during the most recent quarter, Blume Capital Management INC now has 145 shares of the home improvement store’s stock, valued at $27,000.
These shares were acquired due to the company’s recent acquisition of an additional 60 shares.
McElhenny Sheffield Capital Management LLC, not to be outdone, spent more than $28,000 during the fourth quarter to purchase additional shares of Lowe’s Companies to add to its holdings in the company.
This was done to add to the company’s overall holdings. 72.62% of the company’s shares are owned by institutional investors who have purchased large blocks of stock.
Several research analysts paying close attention to the company in question have recently published reports on it.
In a research note published on Thursday, November 17, Piper Jaffray raised its price target on Lowe’s Companies from $248.00 to $253.00 and upgraded the stock’s rating from “neutral” to “overweight.” UBS Group downgraded Lowe’s Companies from a “buy” rating to a “hold” rating and decreased their price target from $260.00 to $250.00 in a research note published on Friday, January 6.
The Credit Suisse Group’s coverage of Lowe’s Companies officially started on Monday, December 19, making this date significant.
They have determined that the stock should reach a price of $210.00 and have given the company a rating of “neutral” for the stock. Goldman Sachs Group upgraded Lowe’s Companies from a “buy” rating to a “strong-buy” rating and raised their price target to 241.00 dollars in a research report released on Wednesday, December 7.
The report was published online.
The last bit of noteworthy information is that in a research report released on March 2, Telsey Advisory Group lowered its “outperform” rating and price objective on Lowe’s Companies from $250 to $235.
The report was about the company’s stock.
Thursday was NYSE’s first day: LOW was available for trading, and the opening price was $198.59. Given the company’s current market value of $123.26 billion, its P/E ratio of 19.84, its PEG ratio of 1.13, and its beta value of 1.10, the company has adequate financial resources. Over the past year, the share price of Lowe’s Companies has ranged from a record low of $170.12 to an all-time high of $238.37.
The share price has been trading at a moving average of $205.86 over the past 50 trading days, while the price has been trading at an average of $201.07 over the last 200 trading days.
On March 1, shareholders of Lowe’s Companies, INC (NYSE: LOW) were given access to the company’s most recent quarterly earnings report.
It was reported that the profits for the quarter were $2.28, which was $0.07 more than the average projection, which was $2.21.
The company is in the business of selling supplies for remodeling homes.
The return on equity for Lowe’s Companies came in at 82.30 percent, and the company’s net margin was also in that range.
There was a net margin of 6.63 percent.
The actual revenue that the company brought in during the period was $22.40 billion, which is less than the forecasted amount of $22.71 billion that industry experts provided.
The company generated $1.78 per share during the same period in the prior year’s operations. Compared to the revenue generated during the same period in the prior year, the third quarter of this year saw a 5.0% increase for Lowe’s Companies.
The projections of market analysts suggest that during the current fiscal year, Lowe’s Companies will generate earnings of 13.87 cents per share.
Lowe’s Companies, INC is a retailer that provides customers with materials and supplies for home improvement jobs.
The company sells products that can be utilized for various maintenance and improvement projects, including general maintenance, home maintenance, property maintenance, and renovations.
In addition, it sells products that can be used for home improvement projects in the following categories: lighting and fans, outdoor living, flooring, paint, kitchens, plumbing, electrical, appliances, bathrooms, building supplies, windows, and doors.
These products can be found in the online store.