Lowe's Companies' (LOW) "Outperform" Rating Reiterated at Telsey Advisory Group

Lowe's Companies (NYSE:LOW - Get Free Report)'s stock had its "outperform" rating restated by research analysts at Telsey Advisory Group in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $305.00 price objective on the home improvement retailer's stock. Telsey Advisory Group's price objective indicates a potential upside of 17.66% from the stock's current price.

Several other equities analysts have also issued reports on LOW. JPMorgan Chase & Co. cut their price target on Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 21st. UBS Group raised their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Sanford C. Bernstein initiated coverage on shares of Lowe's Companies in a research note on Tuesday, October 22nd. They set an "outperform" rating and a $323.00 price target for the company. Gordon Haskett reduced their price objective on shares of Lowe's Companies from $245.00 to $240.00 and set a "hold" rating on the stock in a research note on Wednesday, August 21st. Finally, TD Cowen upped 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 report on Monday, October 28th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $273.84.

Lowe's Companies Price Performance

Shares of LOW stock traded down $12.54 during trading hours on Tuesday, reaching $259.23. 4,207,691 shares of the company were exchanged, compared to its average volume of 2,448,560. Lowe's Companies has a fifty-two week low of $196.23 and a fifty-two week high of $287.01. The stock's fifty day moving average is $267.97 and its two-hundred day moving average is $244.23. The company has a market cap of $147.06 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 2.21 and a beta of 1.10.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.14. The firm had revenue of $23.59 billion for the quarter, compared to the consensus estimate of $23.93 billion. Lowe's Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.56 EPS. On average, research analysts anticipate that Lowe's Companies will post 11.93 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the firm's stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now owns 9,383 shares in the company, valued at approximately $2,334,678.06. This trade represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company's stock.

Institutional Investors Weigh In On Lowe's Companies

A number of institutional investors have recently made changes to their positions in the company. Bamco Inc. NY grew its stake in Lowe's Companies by 10.3% during the first quarter. Bamco Inc. NY now owns 216,958 shares of the home improvement retailer's stock worth $55,266,000 after buying an additional 20,181 shares in the last quarter. Plato Investment Management Ltd boosted its position in shares of Lowe's Companies by 655.9% during the 1st quarter. Plato Investment Management Ltd now owns 6,304 shares of the home improvement retailer's stock worth $1,606,000 after acquiring an additional 5,470 shares in the last quarter. HM Payson & Co. raised its position in Lowe's Companies by 1.1% during the third quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer's stock valued at $58,409,000 after purchasing an additional 2,322 shares in the last quarter. Daymark Wealth Partners LLC lifted its stake in Lowe's Companies by 12.7% during the second quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer's stock worth $5,637,000 after purchasing an additional 2,889 shares during the last quarter. Finally, AMF Tjanstepension AB boosted its holdings in shares of Lowe's Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer's stock valued at $43,290,000 after purchasing an additional 20,123 shares in the last quarter. 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.