Lowe's Companies (NYSE:LOW) Price Target Raised to $305.00 at Mizuho

Lowe's Companies (NYSE:LOW - Get Free Report) had its target price boosted by Mizuho from $282.00 to $305.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the home improvement retailer's stock. Mizuho's price target would suggest a potential upside of 15.75% from the company's current price.

A number of other analysts have also weighed in on the stock. Truist Financial upped their price target on shares of Lowe's Companies from $307.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Bank of America upped their price target on shares of Lowe's Companies from $275.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. Oppenheimer raised shares of Lowe's Companies from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $230.00 to $305.00 in a research note on Tuesday, September 24th. Royal Bank of Canada upped their price target on shares of Lowe's Companies from $290.00 to $291.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 20th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $280.85.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded down $4.40 during trading on Thursday, reaching $263.50. The company had a trading volume of 2,330,774 shares, compared to its average volume of 2,443,781. The firm's fifty day moving average is $270.94 and its 200 day moving average is $248.80. The firm has a market capitalization of $148.79 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 2.29 and a beta of 1.09. Lowe's Companies has a twelve month low of $206.08 and a twelve month high of $287.01.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the sale, the executive vice president now directly owns 13,214 shares of the company's stock, valued at $3,586,940.30. This represents a 30.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction on 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 of the company's stock, 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. Insiders own 0.26% of the company's stock.

Hedge Funds Weigh In On Lowe's Companies

Hedge funds have recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe's Companies during the 3rd quarter worth about $27,000. Stephens Consulting LLC increased its position in shares of Lowe's Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock worth $32,000 after purchasing an additional 70 shares in the last quarter. JNBA Financial Advisors increased its position in shares of Lowe's Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after purchasing an additional 100 shares in the last quarter. MFA Wealth Advisors LLC increased its position in shares of Lowe's Companies by 118.6% during the 3rd 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 in the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in Lowe's Companies in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds 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.