Lowe’s Companies (NYSE:LOW) PT Raised to $250.00 at Loop Capital

Lowe’s Companies (NYSE:LOW) had its price objective hoisted by Loop Capital from $230.00 to $250.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the home improvement retailer’s stock. Loop Capital’s price target indicates a potential downside of 7.51% from the company’s current price.

Other equities research analysts also recently issued reports about the company. UBS Group increased their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Piper Sandler raised their target price on shares of Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a research note on Monday. TD Cowen boosted their price target on shares of Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research note on Thursday, September 19th. Royal Bank of Canada reduced their price objective on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 21st. Finally, Oppenheimer upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $230.00 to $305.00 in a research report on Tuesday, September 24th. Twelve equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.54.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $270.30 on Wednesday. The company has a market capitalization of $154.03 billion, a P/E ratio of 21.71, a PEG ratio of 2.15 and a beta of 1.10. Lowe’s Companies has a 1 year low of $181.85 and a 1 year high of $274.16. The company’s fifty day moving average is $249.04 and its two-hundred day moving average is $236.96.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.14. The business had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.56 earnings per share. As a group, equities analysts expect that Lowe’s Companies will post 11.93 earnings per share for the current year.

Insider Activity

In related news, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies 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 completion of the sale, the executive vice president now owns 13,214 shares in the company, valued at approximately $3,586,940.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the transaction, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at $2,334,678.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $3,586,940.30. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LOW. Voisard Asset Management Group Inc. acquired a new position in Lowe’s Companies in the fourth quarter valued at $28,000. Keener Financial Planning LLC purchased a new stake in Lowe’s Companies in the 1st quarter valued at about $35,000. Transcendent Capital Group LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter valued at about $31,000. Stephens Consulting LLC lifted its holdings in shares of Lowe’s Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares during the period. Finally, Kimelman & Baird LLC acquired a new stake in shares of Lowe’s Companies in the second quarter worth approximately $37,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

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.