Lowe’s Companies, Inc. (NYSE:LOW) Given Consensus Rating of “Moderate Buy” by Brokerages

Lowe’s Companies, Inc. (NYSE:LOWGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $289.4074.

LOW has been the subject of several research reports. Sanford C. Bernstein boosted their price objective on Lowe’s Companies from $284.00 to $313.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wells Fargo & Company decreased their target price on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Gordon Haskett boosted their price target 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. Wolfe Research reduced their price objective on Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Finally, Stifel Nicolaus raised their price objective on Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a report on Monday, December 1st.

View Our Latest Analysis on LOW

Key Headlines Impacting Lowe’s Companies

Here are the key news stories impacting Lowe’s Companies this week:

Insider Buying and Selling at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Catalyst Investment Management LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $217,000. Cambient Family Office LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter worth $3,082,000. McLaughlin Asset Management Inc. purchased a new position in shares of Lowe’s Companies during the 4th quarter worth $277,000. Capstone Wealth Management Inc. acquired a new position in shares of Lowe’s Companies during the 4th quarter valued at about $1,961,000. Finally, Professional Financial Solutions LLC ADV purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $385,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $280.31 on Monday. The stock has a market capitalization of $157.24 billion, a PE ratio of 23.24, a P/E/G ratio of 4.37 and a beta of 0.97. Lowe’s Companies has a fifty-two week low of $206.38 and a fifty-two week high of $293.06. The company has a fifty day moving average of $264.63 and a two-hundred day moving average of $253.65.

Lowe’s Companies Company Profile

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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.

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

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