Lowe’s Companies’ (LOW) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Lowe’s Companies (NYSE:LOW)‘s stock had its “outperform” rating reissued by research analysts at Telsey Advisory Group in a report issued on Wednesday,Benzinga reports. They currently have a $285.00 target price on the home improvement retailer’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 1.50% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 20th. Morgan Stanley increased their price target on Lowe’s Companies from $270.00 to $296.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Argus reduced their price target on Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. UBS Group dropped their price objective on Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Finally, Truist Financial set a $295.00 target price on Lowe’s Companies in a research note on Friday, January 16th. Twenty research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $287.22.

Lowe’s Companies Trading Down 2.3%

Shares of NYSE:LOW opened at $280.80 on Wednesday. The stock has a market capitalization of $157.51 billion, a P/E ratio of 23.28, a P/E/G ratio of 4.48 and a beta of 0.97. Lowe’s Companies has a 1-year low of $206.38 and a 1-year high of $293.06. The business has a 50-day moving average price of $262.65 and a two-hundred day moving average price of $252.73.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.09. The company had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.89 EPS. As a group, equities analysts predict that Lowe’s Companies will post 11.9 EPS for the current year.

Insider Activity

In other news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the transaction, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. The trade was a 7.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.27% of the stock is owned by company insiders.

Institutional Trading of Lowe’s Companies

Several hedge funds have recently bought and sold shares of LOW. Maj Invest Holding A S boosted its position in Lowe’s Companies by 15.7% during the third quarter. Maj Invest Holding A S now owns 802,990 shares of the home improvement retailer’s stock worth $201,801,000 after purchasing an additional 108,813 shares during the period. Bridges Investment Management Inc. lifted its stake in shares of Lowe’s Companies by 13.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer’s stock worth $105,759,000 after buying an additional 49,858 shares during the last quarter. Facet Wealth Inc. acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth about $558,000. Prudential Financial Inc. boosted its holdings in shares of Lowe’s Companies by 0.7% during the 2nd quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock worth $183,344,000 after buying an additional 5,820 shares during the period. Finally, Jennison Associates LLC grew its stake in Lowe’s Companies by 22.0% in the 2nd quarter. Jennison Associates LLC now owns 497,628 shares of the home improvement retailer’s stock valued at $110,409,000 after buying an additional 89,839 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 is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.