Lowe’s Companies (NYSE:LOW) Given Outperform Rating at Telsey Advisory Group

Lowe’s Companies (NYSE:LOW)‘s stock had its “outperform” rating reiterated by analysts at Telsey Advisory Group in a research note issued on Thursday,Benzinga reports. They presently have a $305.00 price objective on the home improvement retailer’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 27.65% from the company’s current price.

LOW has been the topic of several other reports. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Wells Fargo & Company lifted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. DA Davidson lifted their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Stifel Nicolaus lifted their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, Truist Financial lifted their price target on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $238.93 on Thursday. Lowe’s Companies has a 1-year low of $211.80 and a 1-year high of $287.01. The stock’s fifty day moving average price is $253.31 and its 200 day moving average price is $258.58. The company has a market cap of $134.91 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

Insider Activity at Lowe’s Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction dated Wednesday, November 27th. The stock was 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 owns 16,703 shares in the company, valued at $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 available at the SEC website. 0.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lowe’s Companies

Institutional investors and hedge funds have recently modified their holdings of the business. AMF Tjanstepension AB increased its stake 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 worth $43,290,000 after buying an additional 20,123 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Lowe’s Companies by 75.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 52,989 shares of the home improvement retailer’s stock worth $14,352,000 after buying an additional 22,812 shares in the last quarter. Elevated Capital Advisors LLC increased its stake in Lowe’s Companies by 3.7% during the 3rd quarter. Elevated Capital Advisors LLC now owns 2,573 shares of the home improvement retailer’s stock worth $697,000 after buying an additional 91 shares in the last quarter. MFA Wealth Advisors LLC increased its stake in Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 70 shares in the last quarter. Finally, McAdam LLC increased its stake in Lowe’s Companies by 3.6% during the 3rd quarter. McAdam LLC now owns 1,457 shares of the home improvement retailer’s stock worth $395,000 after buying an additional 51 shares in 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.