Lowe’s Companies (NYSE:LOW) Given New $275.00 Price Target at Telsey Advisory Group

Lowe’s Companies (NYSE:LOW) had its price objective hoisted by investment analysts at Telsey Advisory Group from $230.00 to $275.00 in a research report issued on Wednesday, Briefing.com reports. The firm currently has a “market perform” rating on the home improvement retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 0.86% from the stock’s previous close.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a report on Wednesday, August 21st. Oppenheimer raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and increased their price target for the company from $230.00 to $305.00 in a report on Tuesday, September 24th. Piper Sandler increased their price target on shares of Lowe’s Companies from $262.00 to $307.00 and gave the company an “overweight” rating in a report on Monday. Wells Fargo & Company dropped their price objective on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Finally, Morgan Stanley increased their price objective on shares of Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Wednesday, August 21st. Eleven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $261.88.

Lowe’s Companies Trading Up 0.7 %

NYSE LOW opened at $272.65 on Wednesday. The company has a fifty day simple moving average of $247.52 and a 200 day simple moving average of $236.48. The company has a market cap of $155.37 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.15 and a beta of 1.10. Lowe’s Companies has a 1 year low of $181.85 and a 1 year high of $274.16.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The firm had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. During the same period in the prior year, the firm earned $4.56 EPS. The business’s revenue was down 5.5% on a year-over-year basis. Equities research analysts forecast that Lowe’s Companies will post 11.93 EPS for the current fiscal year.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now owns 9,383 shares in the company, valued at approximately $2,334,678.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Davis Capital Management boosted its stake in shares of Lowe’s Companies by 10.2% in the 3rd quarter. Davis Capital Management now owns 2,673 shares of the home improvement retailer’s stock valued at $724,000 after purchasing an additional 247 shares during the last quarter. Mattson Financial Services LLC bought a new position in Lowe’s Companies during the 2nd quarter worth approximately $1,975,000. Anchor Investment Management LLC boosted its stake in Lowe’s Companies by 1.4% during the 2nd quarter. Anchor Investment Management LLC now owns 44,376 shares of the home improvement retailer’s stock worth $9,783,000 after acquiring an additional 604 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Lowe’s Companies by 69.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 74,500 shares of the home improvement retailer’s stock worth $16,424,000 after acquiring an additional 30,500 shares during the last quarter. Finally, Verity & Verity LLC boosted its stake in Lowe’s Companies by 2.7% during the 2nd quarter. Verity & Verity LLC now owns 32,630 shares of the home improvement retailer’s stock worth $7,194,000 after acquiring an additional 857 shares during the last quarter. 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.