Lowe’s Companies (NYSE:LOW) Given New $307.00 Price Target at Truist Financial

Lowe’s Companies (NYSE:LOW) had its price objective decreased by Truist Financial from $310.00 to $307.00 in a research note published on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the home improvement retailer’s stock.

Several other research analysts also recently commented on the company. Melius Research started coverage on Lowe’s Companies in a report on Monday, September 23rd. They set a “buy” rating and a $290.00 target price on the stock. Royal Bank of Canada increased their target price on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday. DA Davidson boosted their price target 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. Guggenheim reiterated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a report on Wednesday, August 21st. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $262.39 on Thursday. The stock has a market cap of $148.16 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 2.25 and a beta of 1.09. The firm has a 50 day moving average price of $270.69 and a two-hundred day moving average price of $249.46. Lowe’s Companies has a 52-week low of $209.55 and a 52-week high of $287.01.

Insider Buying and Selling

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. The trade was a 30.25 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC lifted its holdings in Lowe’s Companies by 0.3% during the third quarter. Lord Abbett & CO. LLC now owns 789,013 shares of the home improvement retailer’s stock worth $213,704,000 after acquiring an additional 2,225 shares during the period. Brass Tax Wealth Management Inc. boosted its holdings in shares of Lowe’s Companies by 7.7% in the 3rd quarter. Brass Tax Wealth Management Inc. now owns 2,217 shares of the home improvement retailer’s stock worth $600,000 after buying an additional 158 shares during the last quarter. Copley Financial Group Inc. bought a new position in Lowe’s Companies during the third quarter valued at about $247,000. Fidelity D & D Bancorp Inc. increased its holdings in Lowe’s Companies by 13.8% during the third quarter. Fidelity D & D Bancorp Inc. now owns 2,240 shares of the home improvement retailer’s stock worth $607,000 after buying an additional 271 shares during the last quarter. Finally, Garde Capital Inc. bought a new stake in Lowe’s Companies in the third quarter worth about $120,000. 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.