Brokerages Set Lowe’s Companies, Inc. (NYSE:LOW) Price Target at $281.64

Shares of Lowe’s Companies, Inc. (NYSE:LOW) have been assigned a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are currently covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $282.96.

A number of research analysts recently commented on LOW shares. Truist Financial increased their target price on shares of Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Sanford C. Bernstein lifted their target price on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Wedbush reissued a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Evercore ISI raised their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $251.88 on Thursday. Lowe’s Companies has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The stock’s 50-day simple moving average is $255.37 and its 200-day simple moving average is $258.38. The firm has a market capitalization of $142.23 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. AMF Tjanstepension AB increased its holdings in Lowe’s Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after acquiring an additional 20,123 shares in the last quarter. Creative Planning increased its stake in shares of Lowe’s Companies by 9.0% during the 3rd quarter. Creative Planning now owns 222,818 shares of the home improvement retailer’s stock worth $59,002,000 after purchasing an additional 18,383 shares in the last quarter. Oxinas Partners Wealth Management LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth approximately $234,000. Brady Family Wealth LLC lifted its stake in Lowe’s Companies by 1.0% in the 3rd quarter. Brady Family Wealth LLC now owns 42,584 shares of the home improvement retailer’s stock valued at $11,534,000 after buying an additional 434 shares in the last quarter. Finally, Lynch & Associates IN grew its holdings in Lowe’s Companies by 0.3% during the 3rd quarter. Lynch & Associates IN now owns 25,040 shares of the home improvement retailer’s stock valued at $6,782,000 after buying an additional 86 shares during the last quarter. 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.