Lowe’s Companies (NYSE:LOW) Receives Outperform Rating from Telsey Advisory Group

Lowe’s Companies (NYSE:LOW)‘s stock had its “outperform” rating reiterated by stock analysts at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They presently have a $305.00 target price on the home improvement retailer’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 24.05% from the company’s current price.

A number of other analysts also recently weighed in on the company. Stifel Nicolaus increased their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. DA Davidson upped their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein lifted their target price on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Wells Fargo & Company boosted their price target on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $245.87 on Wednesday. The stock has a market capitalization of $138.83 billion, a PE ratio of 20.51, a PEG ratio of 1.96 and a beta of 1.11. The business’s 50 day simple moving average is $252.50 and its 200 day simple moving average is $258.77. Lowe’s Companies has a one year low of $211.80 and a one year high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, research analysts expect that Lowe’s Companies will post 11.9 earnings per share for the current year.

Institutional Trading of Lowe’s Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brucke Financial Inc. purchased a new position in Lowe’s Companies during the fourth quarter worth about $748,000. Bernard Wealth Management Corp. purchased a new position in Lowe’s Companies in the fourth quarter valued at about $1,053,000. Heck Capital Advisors LLC bought a new position in Lowe’s Companies during the fourth quarter valued at $101,000. Garde Capital Inc. grew its stake in shares of Lowe’s Companies by 31.5% during the 4th quarter. Garde Capital Inc. now owns 584 shares of the home improvement retailer’s stock worth $144,000 after acquiring an additional 140 shares during the period. Finally, Wilkins Miller Wealth Management LLC purchased a new stake in Lowe’s Companies during the fourth quarter valued at about $380,000. 74.06% of the stock is owned by institutional investors.

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.