Lowe’s Companies, Inc. (NYSE:LOW) Receives $281.64 Consensus Target Price from Brokerages

Shares of Lowe’s Companies, Inc. (NYSE:LOW) have been assigned an average rating of “Moderate Buy” from the twenty-four ratings firms that are currently covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $282.96.

Several analysts have weighed in on the company. Sanford C. Bernstein boosted their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Barclays upped their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Stifel Nicolaus increased their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. DA Davidson boosted their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Finally, Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th.

Insider Activity 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 value of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by corporate insiders.

Institutional Trading of Lowe’s Companies

Hedge funds have recently made changes to their positions in the stock. IFS Advisors LLC purchased a new position in Lowe’s Companies during the fourth quarter valued at $25,000. Legacy Investment Solutions LLC bought a new position in shares of Lowe’s Companies during the third quarter valued at $27,000. Winch Advisory Services LLC increased its holdings in shares of Lowe’s Companies by 56.4% during the fourth 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 in the last quarter. Marshall Investment Management LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter worth about $31,000. Finally, JNBA Financial Advisors boosted its stake 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 purchasing an additional 100 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Trading Down 1.7 %

NYSE LOW opened at $246.49 on Thursday. The firm has a market cap of $139.18 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.00 and a beta of 1.11. Lowe’s Companies has a 1-year low of $211.80 and a 1-year high of $287.01. The stock has a 50-day moving average of $254.11 and a 200-day moving average of $258.65.

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.