Lowe’s Companies (NYSE:LOW) Price Target Raised to $292.00

Lowe’s Companies (NYSE:LOW) had its price target boosted by Royal Bank of Canada from $291.00 to $292.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a sector perform rating on the home improvement retailer’s stock.

A number of other research analysts have also commented on the company. Gordon Haskett lowered their price objective on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Wedbush reissued a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday. Oppenheimer raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $230.00 to $305.00 in a report on Tuesday, September 24th. Morgan Stanley lifted their target price on shares of Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. Finally, Piper Sandler upped 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, September 30th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Trading Down 0.4 %

LOW stock opened at $262.39 on Thursday. The firm has a market cap of $148.16 billion, a PE ratio of 21.88, a PEG ratio of 2.25 and a beta of 1.09. Lowe’s Companies has a 1 year low of $209.55 and a 1 year high of $287.01. The company has a fifty day simple moving average of $270.69 and a 200 day simple moving average of $249.46.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the sale, the executive vice president now owns 13,214 shares of the company’s stock, valued at $3,586,940.30. This trade represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Pure Financial Advisors LLC increased its holdings in shares of Lowe’s Companies by 2.5% in the second quarter. Pure Financial Advisors LLC now owns 1,813 shares of the home improvement retailer’s stock valued at $400,000 after purchasing an additional 45 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Lowe’s Companies by 13.8% in the 2nd quarter. Blue Trust Inc. now owns 8,548 shares of the home improvement retailer’s stock valued at $1,884,000 after buying an additional 1,039 shares during the period. Gradient Investments LLC lifted its stake in shares of Lowe’s Companies by 13.1% during the second quarter. Gradient Investments LLC now owns 85,363 shares of the home improvement retailer’s stock valued at $18,819,000 after acquiring an additional 9,920 shares during the period. Everpar Advisors LLC boosted its holdings in Lowe’s Companies by 1.8% in the second quarter. Everpar Advisors LLC now owns 4,480 shares of the home improvement retailer’s stock valued at $988,000 after acquiring an additional 80 shares during the last quarter. Finally, 1858 Wealth Management LLC increased its position in Lowe’s Companies by 9.4% in the second quarter. 1858 Wealth Management LLC now owns 1,163 shares of the home improvement retailer’s stock worth $256,000 after purchasing an additional 100 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

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.