Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Sprouts Farmers (SFM), Lowe’s (LOW) and Boot Barn (BOOT).
Sprouts Farmers (SFM)
In a report released today, Robert Ohmes from Merrill Lynch maintained a Sell rating on Sprouts Farmers, with a price target of $20.00. The company’s shares closed last Wednesday at $26.25, close to its 52-week high of $26.84.
According to TipRanks.com, Ohmes is a 4-star analyst with an average return of 4.9% and a 55.9% success rate. Ohmes covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Kroger Company, and Costco.
Sprouts Farmers has an analyst consensus of Hold, with a price target consensus of $24.15, representing a -5.9% downside. In a report issued on May 1, Wells Fargo also downgraded the stock to Sell with a $18.00 price target.
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Lowe’s (LOW)
In a report released today, Randal Konik from Jefferies maintained a Buy rating on Lowe’s, with a price target of $135.00. The company’s shares closed last Wednesday at $112.36.
According to TipRanks.com, Konik is a 4-star analyst with an average return of 3.9% and a 54.3% success rate. Konik covers the Consumer Goods sector, focusing on stocks such as Floor & Decor Holdings, Lululemon Athletica, and Fox Factory Holding.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lowe’s with a $117.76 average price target, implying a 5.2% upside from current levels. In a report issued on May 1, Nomura also maintained a Buy rating on the stock with a $125.00 price target.
Boot Barn (BOOT)
Jefferies analyst Janie Stichter maintained a Buy rating on Boot Barn today and set a price target of $27.00. The company’s shares closed last Wednesday at $18.88.
According to TipRanks.com, Stichter is ranked #6339 out of 6546 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boot Barn with a $21.71 average price target, implying a 12.4% upside from current levels. In a report issued on April 29, Piper Sandler also maintained a Buy rating on the stock with a $23.00 price target.
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