Lowe's Companies (NYSE:LOW) Earns "Outperform" Rating from Telsey Advisory Group

Lowe's Companies (NYSE:LOW - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Telsey Advisory Group in a research note issued on Thursday,Benzinga reports. They presently have a $305.00 price target on the home improvement retailer's stock. Telsey Advisory Group's target price suggests a potential upside of 15.75% from the company's previous close.

Several other equities analysts have also issued reports on LOW. TD Cowen upped their target price on Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a report on Monday, October 28th. JPMorgan Chase & Co. reduced their price objective on Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating for the company in a research note on Wednesday, August 21st. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, September 18th. Royal Bank of Canada increased their price target on shares of Lowe's Companies from $290.00 to $291.00 and gave the company a "sector perform" rating in a research report on Wednesday, November 20th. Finally, Evercore ISI lifted their price objective on shares of Lowe's Companies from $255.00 to $270.00 and gave the stock an "in-line" rating in a research report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Lowe's Companies currently has an average rating of "Moderate Buy" and an average price target of $280.85.

Lowe's Companies Stock Down 1.6 %

Lowe's Companies stock traded down $4.40 during midday trading on Thursday, hitting $263.50. 2,330,774 shares of the stock were exchanged, compared to its average volume of 2,443,537. The stock has a market capitalization of $148.79 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 2.29 and a beta of 1.09. Lowe's Companies has a 52-week low of $206.08 and a 52-week high of $287.01. The business's 50-day moving average price is $270.94 and its 200-day moving average price is $248.80.

Insider Activity

In other news, EVP Margrethe R. Vagell sold 5,730 shares of Lowe's Companies stock in a transaction dated Wednesday, October 2nd. The stock was 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Quonta D. Vance sold 7,198 shares of the company's stock in a transaction that occurred on 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 owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lowe's Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe's Companies during the 3rd quarter valued at $27,000. Stephens Consulting LLC increased its stake in Lowe's Companies by 93.3% in the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock valued at $32,000 after acquiring an additional 70 shares during the last quarter. JNBA Financial Advisors raised 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 valued at $32,000 after purchasing an additional 100 shares in the last quarter. MFA Wealth Advisors LLC lifted its stake in Lowe's Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after purchasing an additional 70 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of Lowe's Companies in the 2nd quarter worth about $37,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

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.