Citigroup Lowers Price Target for Lowe’s Companies

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Lowe’s Companies ($NYSE:LOW), Inc. is an American retail company specializing in home improvement. It is headquartered in Mooresville, North Carolina and is the second-largest hardware chain in the United States behind The Home Depot. They currently have a buy rating on the stock.

Lowe’s Companies, Inc. operates as a home improvement retailer in the United States, Canada, and Mexico. It offers home improvement products in various categories, such as lumber and building materials, tools and hardware, floral and nursery, paint, millwork and cabinets, flooring, plumbing and electrical, seasonal living, lawn and garden, and rough plumbing and electrical.

Stock Price

The move comes after news that sentiment around the company has been mostly negative. On Monday, Lowe’s stock opened at $197.0 and closed at $195.0, down by 1.9% from the previous closing price of 198.7. Live Quote…

About the Company

VI Analysis

Lowe’s Companies, Inc. operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a range of products for home maintenance, repair, remodeling, and decorating. The company provides home improvement products in categories, including lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal living, lawn and garden, and paint. It also operates Orchard Supply Hardware Stores that provide home improvement and gardening products, as well as maintenance, repair, and operational supplies; and in-store specialty trade contractors. More…

VI Peers

Headquartered in Mooresville, North Carolina, the company employs over 290,000 people. Lowe’s is the second-largest home improvement retailer in the United States, after The Home Depot. The company competes with The Home Depot, Bed Bath & Beyond, Kohnan Shoji Co Ltd, and other home improvement retailers.

– The Home Depot Inc ($NYSE:HD)

The Home Depot Inc is a home improvement retailer that operates in the United States, Canada, and Mexico. It was founded in 1978 and is headquartered in Atlanta, Georgia. The company has a market capitalization of $282.03 billion as of 2022 and a return on equity of -2020.81%. Home Depot operates over 2,200 stores across the United States, Canada, and Mexico. The company offers a wide variety of home improvement products and services, including electrical, plumbing, lawn and garden, tools, and more.

– Bed Bath & Beyond Inc ($NASDAQ:BBBY)

Bath & Beyond Inc is a home goods retailer that operates in the United States and Canada. As of 2022, the company had a market capitalization of 401.26 million and a return on equity of 146.77%. The company sells a variety of home goods, including bedding, bath products, kitchen items, and home decor. It also operates a website and mobile app.

– Kohnan Shoji Co Ltd ($TSE:7516)

Kohnan Shoji Co Ltd is a Japanese company that manufactures and sells construction materials, tools, and hardware. It has a market cap of 94.2B as of 2022 and a return on equity of 9.73%. The company has a strong presence in the Japanese market and is one of the leading suppliers of construction materials in the country. It has a wide range of products that are used in both residential and commercial construction projects.

Summary

Investing in Lowe’s Companies can be a smart move for investors looking to diversify their portfolio and get exposure to the retail sector. Lowe’s is a large, well-established company with a strong track record of profitability. The company also has a solid dividend yield, which makes it an attractive income investment. Of course, like any investment, there are risks to consider before investing in Lowe’s. The company is facing increased competition from online retailers, which could pressure its margins.

Additionally, the housing market could cool off, which would impact Lowe’s business. While there are risks to consider, the potential rewards could make investing in Lowe’s a smart move.