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

Telsey Advisory Group reaffirmed their outperform rating on shares of Lowe's Companies (NYSE:LOW - Free Report) in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a $305.00 target price on the home improvement retailer's stock.

Other research analysts also recently issued research reports about the stock. DA Davidson lifted their price objective on shares of Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 20th. Truist Financial lifted their price target on shares of Lowe's Companies from $307.00 to $308.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Evercore ISI increased their price objective on Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a report on Thursday, December 12th. Wells Fargo & Company upped their target price on Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Finally, Sanford C. Bernstein boosted their price target on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $282.96.

Lowe's Companies Stock Performance

NYSE:LOW traded up $4.77 during trading hours on Wednesday, reaching $247.16. The company's stock had a trading volume of 4,663,678 shares, compared to its average volume of 2,386,277. The company has a market capitalization of $139.56 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The stock has a 50 day moving average price of $252.53 and a two-hundred day moving average price of $258.94. Lowe's Companies has a 12 month low of $211.80 and a 12 month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, analysts predict that Lowe's Companies will post 11.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. IFS Advisors LLC acquired a new position in Lowe's Companies in the 4th quarter worth about $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Lowe's Companies during the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC grew its stake in Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after acquiring an additional 44 shares during the period. Marshall Investment Management LLC acquired a new stake in Lowe's Companies in the 4th quarter valued at $31,000. Finally, JNBA Financial Advisors increased its holdings in Lowe's Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds 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.