Lowe’s Companies (NYSE:LOW) shares snapped six straight sessions of gains, as the stock was down 1.6% at $268.67 on Tuesday.
The home improvement retailer added nearly 6% in the preceding six sessions. The stock has gained 10.6% so far this year, compared to a 10.4% rise in the broader S&P 500 Index (SP500).
LOW is up 11% over the past one month.
“Lowe’s is set to benefit from sequential comp sales momentum, Fed rate cuts, expanding Pro market penetration, the FBM acquisition, strong digital adoption, and new store openings,” pointed out a recent Seeking Alpha analysis.
Looking at Seeking Alpha’s Quant Rating, LOW has a Hold rating with a score of 3.3 out of 5. The company received A+ in the prospect of profitability, B- in momentum, while it got D growth factor.
Turning to the Wall Street community, 21 analysts gave LOW a Buy and above rating. 13 analysts have given the stock a Hold recommendation, while one recommended Sell.
Seeking Alpha analysts are positive and see the stock as a Buy.