Analysts Set Lowe’s Companies, Inc. (NYSE:LOW) PT at $277.92

Lowe’s Companies, Inc. (NYSE:LOW) has been assigned an average recommendation of “Moderate Buy” from the twenty-five brokerages that are currently covering the stock, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $277.92.

A number of equities research analysts have recently commented on LOW shares. JPMorgan Chase & Co. cut their target price on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Evercore ISI raised their price objective on shares of Lowe’s Companies from $255.00 to $270.00 and gave the company an “in-line” rating in a research note on Wednesday, November 20th. Royal Bank of Canada upped their target price 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. Truist Financial increased their price target on shares of Lowe’s Companies from $307.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Wedbush restated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Wednesday, August 21st.

Insider Buying and Selling

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm’s 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 sale, the executive vice president now directly owns 16,703 shares in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This represents a 41.91 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,697 shares of company stock valued at $5,214,586. 0.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lowe’s Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its position in shares of Lowe’s Companies by 5.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,194 shares of the home improvement retailer’s stock worth $814,000 after acquiring an additional 160 shares during the last quarter. Park Place Capital Corp boosted its holdings in shares of Lowe’s Companies by 65.1% during the 2nd quarter. Park Place Capital Corp now owns 2,239 shares of the home improvement retailer’s stock valued at $494,000 after purchasing an additional 883 shares during the last quarter. Davis Capital Management grew its position in shares of Lowe’s Companies by 9.3% during the second quarter. Davis Capital Management now owns 2,426 shares of the home improvement retailer’s stock valued at $518,000 after purchasing an additional 207 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Lowe’s Companies by 25.7% in the second quarter. GAMMA Investing LLC now owns 4,094 shares of the home improvement retailer’s stock worth $902,000 after purchasing an additional 838 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV purchased a new stake in shares of Lowe’s Companies in the second quarter worth about $317,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

LOW stock opened at $272.05 on Friday. The firm has a 50 day moving average price of $270.29 and a 200-day moving average price of $246.30. Lowe’s Companies has a 52-week low of $203.72 and a 52-week high of $287.01. The firm has a market capitalization of $154.33 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 2.28 and a beta of 1.10.

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.