Lowe’s Companies (NYSE:LOW) Price Target Raised to $325.00

Lowe’s Companies (NYSE:LOWFree Report) had its target price boosted by Gordon Haskett from $310.00 to $325.00 in a research report sent to investors on Wednesday morning,MarketScreener reports. The brokerage currently has a buy rating on the home improvement retailer’s stock.

Several other equities analysts have also commented on LOW. Bank of America lowered their price objective on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Mizuho lowered their target price on Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Telsey Advisory Group reduced their price objective on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Wells Fargo & Company cut their price target on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Finally, Robert W. Baird lowered their price objective on Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $286.30.

View Our Latest Research Report on LOW

Lowe’s Companies Price Performance

Shares of LOW traded up $1.83 during trading hours on Wednesday, hitting $287.36. The stock had a trading volume of 2,241,807 shares, compared to its average volume of 2,784,673. The firm has a 50 day simple moving average of $261.04 and a 200-day simple moving average of $251.58. Lowe’s Companies has a 1-year low of $206.38 and a 1-year high of $293.06. The firm has a market capitalization of $161.19 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 4.45 and a beta of 0.97.

Lowe’s Companies (NYSE:LOWGet Free Report) last announced its quarterly earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, beating the consensus estimate of $2.97 by $0.09. The firm had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $2.89 EPS. Equities analysts predict that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the sale, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at $60,341,500.31. The trade was a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Lowe’s Companies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Swiss RE Ltd. purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $25,000. Howard Hughes Medical Institute bought a new stake in Lowe’s Companies during the 2nd quarter valued at about $27,000. Wilkerson Advisory Group LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter worth $27,000. Solstein Capital LLC lifted its position in Lowe’s Companies by 627.8% during the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 113 shares during the period. Finally, Activest Wealth Management grew its stake in shares of Lowe’s Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 51 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Lowe’s Companies

Here are the key news stories impacting Lowe’s Companies this week:

About Lowe’s Companies

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Lowe's Companies (NYSE:LOW)

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.