Telsey Advisory Group Reiterates Outperform Rating for Lowe's Companies (NYSE:LOW)

Lowe's Companies (NYSE:LOW - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Telsey Advisory Group in a research note issued to investors on Thursday,Benzinga reports. They presently have a $305.00 target price on the home improvement retailer's stock. Telsey Advisory Group's price target would suggest a potential upside of 27.65% from the stock's current price.

LOW has been the topic of several other research reports. DA Davidson upped their price target on Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a report on Wednesday, November 20th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Sanford C. Bernstein boosted their target price on shares of Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. TD Cowen boosted their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Finally, Evercore ISI boosted their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and an average price target of $282.96.

Lowe's Companies Stock Performance

Shares of NYSE LOW traded down $7.49 during trading on Thursday, hitting $238.93. The company had a trading volume of 3,164,519 shares, compared to its average volume of 2,187,527. The company has a market cap of $134.91 billion, a P/E ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11. Lowe's Companies has a 52 week low of $211.80 and a 52 week high of $287.01. The business's 50-day moving average is $253.31 and its 200 day moving average is $258.58.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.26% of the company's stock.

Institutional Investors Weigh In On Lowe's Companies

A number of hedge funds have recently bought and sold shares of the company. Ascent Group LLC lifted its stake in shares of Lowe's Companies by 3.7% in the fourth quarter. Ascent Group LLC now owns 4,322 shares of the home improvement retailer's stock valued at $1,067,000 after buying an additional 153 shares during the period. Putney Financial Group LLC bought a new stake in shares of Lowe's Companies in the fourth quarter valued at about $49,000. Aurdan Capital Management LLC bought a new stake in shares of Lowe's Companies in the fourth quarter valued at about $11,105,000. Value Partners Investments Inc. lifted its stake in shares of Lowe's Companies by 5.2% in the fourth quarter. Value Partners Investments Inc. now owns 11,916 shares of the home improvement retailer's stock valued at $2,939,000 after buying an additional 591 shares during the period. Finally, Sunbeam Capital Management LLC bought a new stake in shares of Lowe's Companies in the fourth quarter valued at about $296,000. 74.06% of the stock is currently owned by institutional investors.

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.