Lowe’s Companies (NYSE:LOW) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Lowe’s Companies (NYSE:LOW) had its price target upped by Royal Bank of Canada from $291.00 to $292.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a sector perform rating on the home improvement retailer’s stock.

A number of other analysts have also recently commented on LOW. Wells Fargo & Company upped 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. Mizuho increased their target price on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays boosted 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. UBS Group raised their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Sanford C. Bernstein decreased their target price on Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Trading Down 0.4 %

NYSE LOW opened at $262.39 on Thursday. Lowe’s Companies has a 12 month low of $209.55 and a 12 month high of $287.01. The stock has a 50-day simple moving average of $270.69 and a 200 day simple moving average of $249.46. The company has a market capitalization of $148.16 billion, a PE ratio of 21.88, a P/E/G ratio of 2.25 and a beta of 1.09.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the transaction, the executive vice president now owns 13,214 shares in the company, valued at approximately $3,586,940.30. This represents a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Institutional Trading of Lowe’s Companies

Several hedge funds and other institutional investors have recently modified their holdings of LOW. Pure Financial Advisors LLC boosted its holdings in shares of Lowe’s Companies by 2.5% during the second quarter. Pure Financial Advisors LLC now owns 1,813 shares of the home improvement retailer’s stock worth $400,000 after acquiring an additional 45 shares during the period. Blue Trust Inc. lifted its holdings in Lowe’s Companies by 13.8% during the 2nd quarter. Blue Trust Inc. now owns 8,548 shares of the home improvement retailer’s stock worth $1,884,000 after purchasing an additional 1,039 shares during the last quarter. Gradient Investments LLC boosted its stake in Lowe’s Companies by 13.1% in the 2nd quarter. Gradient Investments LLC now owns 85,363 shares of the home improvement retailer’s stock valued at $18,819,000 after purchasing an additional 9,920 shares during the period. Everpar Advisors LLC grew its holdings in Lowe’s Companies by 1.8% in the 2nd quarter. Everpar Advisors LLC now owns 4,480 shares of the home improvement retailer’s stock valued at $988,000 after buying an additional 80 shares in the last quarter. Finally, 1858 Wealth Management LLC increased its position in Lowe’s Companies by 9.4% during the 2nd quarter. 1858 Wealth Management LLC now owns 1,163 shares of the home improvement retailer’s stock worth $256,000 after buying an additional 100 shares during the period. 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.