Lowe’s Companies (NYSE:LOW) Receives Outperform Rating from Telsey Advisory Group

Lowe’s Companies (NYSE:LOW)‘s stock had its “outperform” rating reissued by investment analysts at Telsey Advisory Group in a research note issued to investors on Thursday,Benzinga reports. They presently have a $305.00 price target on the home improvement retailer’s stock. Telsey Advisory Group’s price target points to a potential upside of 23.74% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Truist Financial lifted their price objective on shares of Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Wells Fargo & Company lifted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada upped their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Mizuho lifted their target price on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, DA Davidson increased their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Trading Down 1.7 %

NYSE:LOW opened at $246.49 on Thursday. The company has a market capitalization of $139.18 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.99 and a beta of 1.11. The business’s 50-day moving average is $254.11 and its 200 day moving average is $258.65. Lowe’s Companies has a 12 month low of $211.80 and a 12 month high of $287.01.

Insider Activity at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lowe’s Companies

Institutional investors have recently added to or reduced their stakes in the stock. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter worth $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe’s Companies in the third quarter valued at about $27,000. Winch Advisory Services LLC increased its position in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares during the last quarter. Marshall Investment Management LLC purchased a new position in Lowe’s Companies during the fourth quarter worth about $31,000. Finally, JNBA Financial Advisors raised its stake in Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors 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.