Telsey Advisory Group Reaffirms “Outperform” Rating for Lowe’s Companies (NYSE:LOW)

Lowe’s Companies (NYSE:LOW)‘s stock had its “outperform” rating reiterated by equities researchers at Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They presently have a $305.00 price objective on the home improvement retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 24.05% from the company’s current price.

A number of other analysts have also recently issued reports on LOW. Wells Fargo & Company raised their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. DA Davidson upped their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Stifel Nicolaus increased their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Barclays lifted their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Stock Down 0.5 %

Shares of Lowe’s Companies stock opened at $245.87 on Wednesday. The stock has a market cap of $138.83 billion, a P/E ratio of 20.51, a P/E/G ratio of 1.96 and a beta of 1.11. Lowe’s Companies has a 12-month low of $211.80 and a 12-month high of $287.01. The business’s 50 day moving average is $252.50 and its 200-day moving average is $258.77.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in Lowe’s Companies by 1.0% in the fourth quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer’s stock valued at $6,483,558,000 after acquiring an additional 259,766 shares during the last quarter. State Street Corp increased its position in Lowe’s Companies by 1.9% during the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after purchasing an additional 460,851 shares in the last quarter. Geode Capital Management LLC lifted its stake in Lowe’s Companies by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer’s stock valued at $2,952,341,000 after purchasing an additional 245,876 shares during the last quarter. Norges Bank bought a new position in shares of Lowe’s Companies in the 4th quarter valued at $1,842,954,000. Finally, Northern Trust Corp raised its position in Lowe’s Companies by 16.3% in the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock valued at $1,745,960,000 after purchasing an additional 993,833 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

About Lowe’s Companies

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.