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Robert W. Baird Raises Lowe’s Companies (NYSE:LOW) Price Target to $250.00

Lowe’s Companies (NYSE:LOW – Get Free Report) had its price target raised by research analysts at Robert W. Baird from $225.00 to $250.00 in a report released on Tuesday, MarketBeat Ratings reports. The brokerage presently has an “outperform” rating on the home improvement retailer’s stock. Robert W. Baird’s price target suggests a potential upside of 10.04% from the company’s current price. A number of other equities analysts have also commented on LOW. Wedbush raised their price objective on Lowe’s Companies from $210.00 to $230.00 in a research note on Thursday, July 13th.

Piper Sandler cut their target price on Lowe’s Companies from $235.00 to $230.00 in a report on Wednesday, May 24th. DA Davidson lifted their target price on Lowe’s Companies from $228.00 to $237.00 in a report on Wednesday, May 24th. Truist Financial lifted their target price on Lowe’s Companies from $229.00 to $249.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Finally, Argus lifted their target price on Lowe’s Companies from $250.00 to $260.00 in a report on Wednesday, July 12th.

Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Hold” and a consensus target price of $234.89. Get Lowe’s Companies alerts: Read Our Latest Report on LOW Lowe’s Companies Stock Up 0.6 % LOW opened at $227.19 on Tuesday. The stock has a market cap of $133.13 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.43 and a beta of 1.09.

The business has a 50 day moving average of $225.04 and a 200-day moving average of $211.27. Lowe’s Companies has a 12-month low of $176.50 and a 12-month high of $237.21. Lowe’s Companies (NYSE:LOW – Get Free Report) last released its quarterly earnings results on Tuesday, August 22nd. The home improvement retailer reported $4.56 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.07. Lowe’s Companies had a negative return on equity of 68.42% and a net margin of 6.65%.

The business had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.97 billion. During the same period last year, the firm posted $4.67 EPS. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, analysts expect that Lowe’s Companies will post 13.37 earnings per share for the current year. Insider Transactions at Lowe’s Companies In other news, EVP Donald Frieson sold 13,114 shares of the stock in a transaction that occurred on Friday, May 26th.

The stock was sold at an average price of $203.45, for a total value of $2,668,043.30. Following the completion of the sale, the executive vice president now directly owns 18,020 shares of the company’s stock, valued at $3,666,169. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock. Institutional Trading of Lowe’s Companies A number of institutional investors and hedge funds have recently modified their holdings of the business.

FirstPurpose Wealth LLC increased its position in shares of Lowe’s Companies by 3.5% during the second quarter. FirstPurpose Wealth LLC now owns 1,271 shares of the home improvement retailer’s stock valued at $287,000 after acquiring an additional 43 shares during the last quarter. Invst LLC increased its position in Lowe’s Companies by 1.1% in the second quarter. Invst LLC now owns 4,090 shares of the home improvement retailer’s stock worth $923,000 after buying an additional 44 shares during the last quarter.

Berkeley Capital Partners LLC increased its position in Lowe’s Companies by 4.2% in the second quarter. Berkeley Capital Partners LLC now owns 1,119 shares of the home improvement retailer’s stock worth $253,000 after buying an additional 45 shares during the last quarter. Goldstein Advisors LLC increased its position in Lowe’s Companies by 4.2% in the second quarter. Goldstein Advisors LLC now owns 1,130 shares of the home improvement retailer’s stock worth $255,000 after buying an additional 46 shares during the last quarter.

Finally, Veracity Capital LLC increased its position in Lowe’s Companies by 1.7% in the second quarter. Veracity Capital LLC now owns 2,858 shares of the home improvement retailer’s stock worth $645,000 after buying an additional 47 shares during the last quarter. 73.47% of the stock is owned by hedge funds and other institutional investors. About Lowe’s Companies (Get Free Report) 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. Featured Articles Receive News & Ratings for Lowe’s Companies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lowe’s Companies and related companies with MarketBeat.

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