Sanford C. Bernstein Forecasts Strong Price Appreciation for Lowe’s Companies (NYSE:LOW) Stock

Lowe’s Companies (NYSE:LOW) had its price target raised by equities research analysts at Sanford C. Bernstein from $282.00 to $284.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the home improvement retailer’s stock. Sanford C. Bernstein’s target price indicates a potential upside of 21.31% from the company’s previous close.

Several other equities research analysts have also recently commented on LOW. KeyCorp upped their price target on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Truist Financial cut their price objective on shares of Lowe’s Companies from $283.00 to $267.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Telsey Advisory Group reduced their target price 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. Stifel Nicolaus cut their price target on shares of Lowe’s Companies from $275.00 to $230.00 and set a “hold” rating for the company in a report on Friday, November 14th. Finally, Royal Bank Of Canada raised their target price on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $276.41.

Lowe’s Companies Stock Up 2.5%

Shares of LOW opened at $234.12 on Thursday. The stock has a 50 day moving average price of $243.31 and a 200 day moving average price of $237.39. The company has a market capitalization of $131.30 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. Lowe’s Companies has a 52-week low of $206.38 and a 52-week high of $280.64.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The firm had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, equities analysts anticipate that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the transaction, the executive vice president owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the sale, the executive vice president owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 52,931 shares of company stock worth $14,381,752. 0.27% of the stock is owned by insiders.

Institutional Investors Weigh In On Lowe’s Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Howard Hughes Medical Institute acquired a new stake in Lowe’s Companies in the 2nd quarter worth about $27,000. Solstein Capital LLC lifted its holdings in shares of Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 113 shares during the period. Activest Wealth Management boosted its position in shares of Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 51 shares during the last quarter. Traub Capital Management LLC purchased a new stake in Lowe’s Companies in the second quarter valued at approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC grew its holdings in Lowe’s Companies by 128.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 76 shares during the period. 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.