Telsey Advisory Group Reiterates Outperform Rating for Lowe’s Companies (NYSE:LOW)

Lowe’s Companies (NYSE:LOW)‘s stock had its “outperform” rating restated by Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They presently have a $285.00 target price on the home improvement retailer’s stock. Telsey Advisory Group’s target price points to a potential upside of 1.50% from the stock’s current price.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. boosted their price target on Lowe’s Companies from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Gordon Haskett raised their target price on Lowe’s Companies from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Bank of America lowered their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Wells Fargo & Company reduced their price objective on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Finally, Robert W. Baird lowered their target price on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $287.22.

Lowe’s Companies Trading Down 2.3%

Shares of LOW stock opened at $280.80 on Wednesday. The firm has a market capitalization of $157.51 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 4.48 and a beta of 0.97. Lowe’s Companies has a 1 year low of $206.38 and a 1 year high of $293.06. The firm’s fifty day simple moving average is $262.65 and its 200 day simple moving average is $252.73.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The firm had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. During the same period in the prior year, the firm earned $2.89 EPS. The business’s revenue was up 3.2% on a year-over-year basis. Equities research analysts anticipate that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Insider Activity at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the sale, the chief executive officer directly owned 231,043 shares in the company, valued at $60,341,500.31. This represents a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by insiders.

Hedge Funds Weigh In On Lowe’s Companies

A number of institutional investors and hedge funds have recently bought and sold shares of LOW. Swiss RE Ltd. acquired a new position in Lowe’s Companies during the 4th quarter worth about $25,000. Howard Hughes Medical Institute bought a new position in shares of Lowe’s Companies in the second quarter worth about $27,000. Wilkerson Advisory Group LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth approximately $27,000. Solstein Capital LLC increased its holdings in shares of Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 113 shares in the last quarter. Finally, Activest Wealth Management raised its position in Lowe’s Companies by 78.5% in the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.