Lowe’s Companies’ (LOW) Outperform Rating Reaffirmed at Telsey Advisory Group

Lowe’s Companies (NYSE:LOW)‘s stock had its “outperform” rating reaffirmed by research analysts at Telsey Advisory Group in a report issued on Tuesday,Benzinga reports. They presently have a $305.00 target price on the home improvement retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 36.01% from the company’s previous close.

Several other research analysts have also commented on the stock. Truist Financial dropped their price target on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Piper Sandler reduced their price objective on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Bank of America lowered their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada decreased their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Finally, StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $278.74.

Lowe’s Companies Price Performance

Shares of LOW opened at $224.25 on Tuesday. The company has a 50-day moving average of $235.57 and a two-hundred day moving average of $253.99. The stock has a market cap of $125.51 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.96 and a beta of 1.07. Lowe’s Companies has a one year low of $206.39 and a one year high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Analysts anticipate that Lowe’s Companies will post 11.9 earnings per share for the current year.

Hedge Funds Weigh In On Lowe’s Companies

Several institutional investors and hedge funds have recently made changes to their positions in LOW. Norges Bank acquired a new position in Lowe’s Companies in the fourth quarter valued at about $1,842,954,000. Kovitz Investment Group Partners LLC grew its position in shares of Lowe’s Companies by 350.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer’s stock valued at $585,770,000 after purchasing an additional 1,846,315 shares during the period. GAMMA Investing LLC increased its stake in Lowe’s Companies by 26,796.0% during the 1st quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer’s stock worth $386,540,000 after purchasing an additional 1,651,170 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Lowe’s Companies during the 4th quarter worth approximately $314,435,000. Finally, Strategic Financial Concepts LLC lifted its stake in Lowe’s Companies by 24,531.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after buying an additional 1,223,116 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

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.