Lowe’s Companies’ (LOW) “Market Perform” Rating Reiterated at Telsey Advisory Group

Lowe’s Companies (NYSE:LOW)‘s stock had its “market perform” rating reiterated by equities research analysts at Telsey Advisory Group in a research note issued on Tuesday, Marketbeat Ratings reports. They presently have a $215.00 target price on the home improvement retailer’s stock, down from their prior target price of $225.00. Telsey Advisory Group’s price target would indicate a potential upside of 8.32% from the stock’s previous close.

LOW has been the topic of a number of other reports. Wells Fargo & Company lifted their price target on Lowe’s Companies from $245.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 23rd. Loop Capital reduced their price objective on Lowe’s Companies from $225.00 to $210.00 in a research report on Thursday, October 12th. UBS Group lifted their price objective on Lowe’s Companies from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Truist Financial reduced their price objective on Lowe’s Companies from $256.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Finally, Oppenheimer reiterated an “outperform” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, August 9th. Twelve equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $236.96.

Lowe’s Companies Trading Up 0.2 %

Shares of LOW stock opened at $198.48 on Tuesday. The stock has a 50 day moving average of $200.11 and a 200 day moving average of $213.14. The stock has a market cap of $114.54 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.35 and a beta of 1.07. Lowe’s Companies has a twelve month low of $181.85 and a twelve month high of $237.21.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $3.06 EPS for the quarter, beating the consensus estimate of $3.03 by $0.03. The company had revenue of $20.74 billion for the quarter, compared to analyst estimates of $20.87 billion. Lowe’s Companies had a negative return on equity of 54.56% and a net margin of 8.49%. Lowe’s Companies’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period last year, the company earned $3.27 earnings per share. On average, research analysts predict that Lowe’s Companies will post 13 earnings per share for the current fiscal year.

Insider Activity at Lowe’s Companies

In related news, EVP Janice Dupre sold 5,380 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $231.28, for a total value of $1,244,286.40. Following the sale, the executive vice president now owns 24,216 shares in the company, valued at approximately $5,600,676.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Joseph Michael Mcfarland sold 4,500 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $222.53, for a total transaction of $1,001,385.00. Following the completion of the transaction, the executive vice president now directly owns 46,594 shares of the company’s stock, valued at approximately $10,368,562.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Janice Dupre sold 5,380 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $231.28, for a total value of $1,244,286.40. Following the transaction, the executive vice president now directly owns 24,216 shares of the company’s stock, valued at $5,600,676.48. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. FirstPurpose Wealth LLC boosted its position in shares of Lowe’s Companies by 3.5% during the 2nd quarter. FirstPurpose Wealth LLC now owns 1,271 shares of the home improvement retailer’s stock worth $287,000 after acquiring an additional 43 shares in the last quarter. Invst LLC boosted its position in shares of Lowe’s Companies by 1.1% during the 2nd quarter. Invst LLC now owns 4,090 shares of the home improvement retailer’s stock worth $923,000 after acquiring an additional 44 shares in the last quarter. Berkeley Capital Partners LLC boosted its position in shares of Lowe’s Companies by 4.2% during the 2nd quarter. Berkeley Capital Partners LLC now owns 1,119 shares of the home improvement retailer’s stock worth $253,000 after acquiring an additional 45 shares in the last quarter. Goldstein Advisors LLC boosted its position in shares of Lowe’s Companies by 4.2% during the 2nd quarter. Goldstein Advisors LLC now owns 1,130 shares of the home improvement retailer’s stock worth $255,000 after acquiring an additional 46 shares in the last quarter. Finally, Veracity Capital LLC boosted its position in shares of Lowe’s Companies by 1.7% during the 2nd quarter. Veracity Capital LLC now owns 2,858 shares of the home improvement retailer’s stock worth $645,000 after acquiring an additional 47 shares in the last quarter. 71.88% of the stock is owned by institutional investors and hedge funds.

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.