Lowe's Companies, Inc. (NYSE:LOW - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-six analysts that are currently covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $280.85.
A number of analysts recently weighed in on the stock. Mizuho raised their target price on shares of Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Guggenheim reissued a "buy" rating and issued a $300.00 target price on shares of Lowe's Companies in a research report on Thursday, December 12th. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a report on Wednesday, September 18th. Oppenheimer raised Lowe's Companies from a "market perform" rating to an "outperform" rating and raised their target price for the company from $230.00 to $305.00 in a report on Tuesday, September 24th. Finally, TD Cowen lifted their target price on Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research report on Monday, October 28th.
Get Our Latest Stock Analysis on Lowe's Companies
Insider Buying and Selling
In related news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 shares were 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 directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.
Institutional Trading of Lowe's Companies
Institutional investors have recently made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe's Companies in the third quarter valued at approximately $27,000. JNBA Financial Advisors boosted its position in Lowe's Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after purchasing an additional 100 shares during the period. MFA Wealth Advisors LLC raised its holdings in Lowe's Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after acquiring an additional 70 shares during the period. Stephens Consulting LLC grew its holdings in Lowe's Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock valued at $32,000 after buying an additional 70 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new stake in Lowe's Companies in the 2nd quarter valued at $37,000. 74.06% of the stock is owned by hedge funds and other institutional investors.
Lowe's Companies Price Performance
Shares of NYSE:LOW traded up $2.85 during trading on Wednesday, reaching $250.22. 992,143 shares of the company's stock traded hands, compared to its average volume of 2,355,378. Lowe's Companies has a 12 month low of $209.55 and a 12 month high of $287.01. The stock has a market capitalization of $141.29 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09. The company has a 50 day moving average of $267.23 and a 200-day moving average of $251.35.
Lowe's Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.84%. Lowe's Companies's payout ratio is currently 38.37%.
About Lowe's Companies
(
Get Free ReportLowe'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.
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