Lowe’s Companies (NYSE:LOW – Get Rating)‘s stock had its “outperform” rating reissued by stock analysts at Telsey Advisory Group in a note issued to investors on Friday, Benzinga reports. They presently have a $250.00 price target on the home improvement retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 24.35% from the stock’s current price.

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A number of other equities research analysts have also recently commented on LOW. JPMorgan Chase & Co. reduced their target price on shares of Lowe’s Companies from $235.00 to $205.00 in a research report on Friday, November 11th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 13th. Evercore ISI lowered their price objective on Lowe’s Companies to $225.00 in a research report on Monday, December 12th. Barclays began coverage on Lowe’s Companies in a research report on Tuesday, February 7th. They issued an “equal weight” rating and a $215.00 target price on the stock. Finally, UBS Group lowered their price target on Lowe’s Companies from $260.00 to $250.00 and set a “buy” rating for the company in a report on Friday, January 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $228.58.

Lowe’s Companies Price Performance

NYSE:LOW traded down $1.17 during trading hours on Friday, reaching $201.04. The company had a trading volume of 718,332 shares, compared to its average volume of 2,794,273. The firm has a market cap of $124.79 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 1.17 and a beta of 1.13. The business’s 50 day moving average price is $206.44 and its 200-day moving average price is $201.90. Lowe’s Companies has a 1-year low of $170.12 and a 1-year high of $238.37.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Ross W. Mccanless sold 57,629 shares of the stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $211.35, for a total value of $12,179,889.15. Following the transaction, the executive vice president now directly owns 26,923 shares in the company, valued at $5,690,176.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lowe’s Companies

Hedge funds have recently made changes to their positions in the company. Morgan Stanley grew its stake in Lowe’s Companies by 21.3% during the 4th quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer’s stock worth $2,329,237,000 after buying an additional 2,050,089 shares during the last quarter. Pershing Square Capital Management L.P. grew its position in shares of Lowe’s Companies by 1.6% during the third quarter. Pershing Square Capital Management L.P. now owns 10,374,801 shares of the home improvement retailer’s stock worth $1,948,491,000 after acquiring an additional 167,495 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Lowe’s Companies by 13.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,916,354 shares of the home improvement retailer’s stock valued at $1,486,770,000 after purchasing an additional 912,518 shares during the last quarter. Norges Bank acquired a new stake in Lowe’s Companies during the 4th quarter worth $1,461,267,000. Finally, Moneta Group Investment Advisors LLC grew its position in Lowe’s Companies by 107,710.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer’s stock worth $1,012,147,000 after purchasing an additional 5,075,327 shares during the last quarter. Hedge funds and other institutional investors own 72.62% of the company’s stock.

Lowe’s Companies Company Profile

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

Further Reading

Analyst Recommendations for Lowe's Companies (NYSE:LOW)

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