Analysts Set Lowe’s Companies, Inc. (NYSE:LOW) PT at $281.64

Lowe’s Companies, Inc. (NYSE:LOW) has been given an average rating of “Moderate Buy” by the twenty-four analysts that are covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $282.96.

A number of analysts recently commented on the company. Truist Financial increased their price target on Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Guggenheim reiterated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Barclays increased their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein lifted their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $246.49 on Thursday. Lowe’s Companies has a 52-week low of $211.80 and a 52-week high of $287.01. The company has a 50-day simple moving average of $254.11 and a two-hundred day simple moving average of $258.65. The company has a market capitalization of $139.18 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.00 and a beta of 1.11.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lowe’s Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies in the third quarter valued at approximately $27,000. IFS Advisors LLC bought a new position in shares of Lowe’s Companies in the 4th quarter worth $25,000. Marshall Investment Management LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter valued at $31,000. JNBA Financial Advisors lifted its holdings in shares of Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Winch Advisory Services LLC grew its position in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares in the last quarter. 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.