Royal Bank Of Canada Issues Positive Forecast for Lowe’s Companies (NYSE:LOW) Stock Price

Lowe’s Companies (NYSE:LOWFree Report) had its target price lifted by Royal Bank Of Canada from $252.00 to $257.00 in a report issued on Monday, Marketbeat Ratings reports. They currently have a sector perform rating on the home improvement retailer’s stock.

Several other analysts have also issued reports on LOW. JPMorgan Chase & Co. upped their target price on shares of Lowe’s Companies from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Truist Financial set a $295.00 price target on shares of Lowe’s Companies in a research note on Friday, January 16th. Oppenheimer dropped their target price on shares of Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a report on Friday, December 5th. Gordon Haskett boosted their target price on Lowe’s Companies from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Robert W. Baird raised their price target on Lowe’s Companies from $290.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Twenty analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $289.59.

Check Out Our Latest Report on LOW

Lowe’s Companies Stock Performance

NYSE LOW opened at $274.30 on Monday. The stock’s fifty day moving average is $265.13 and its two-hundred day moving average is $253.91. The firm has a market capitalization of $153.87 billion, a P/E ratio of 22.74, a price-to-earnings-growth 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.

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the transaction, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. The trade was a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by company insiders.

Institutional Trading of Lowe’s Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of LOW. Maj Invest Holding A S raised its position in Lowe’s Companies by 15.7% during the third quarter. Maj Invest Holding A S now owns 802,990 shares of the home improvement retailer’s stock worth $201,801,000 after acquiring an additional 108,813 shares during the last quarter. Bridges Investment Management Inc. lifted its stake in shares of Lowe’s Companies by 13.4% during the third quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer’s stock worth $105,759,000 after purchasing an additional 49,858 shares in the last quarter. Facet Wealth Inc. purchased a new position in shares of Lowe’s Companies in the third quarter valued at $558,000. Prudential Financial Inc. boosted its holdings in Lowe’s Companies by 0.7% in the second quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock valued at $183,344,000 after purchasing an additional 5,820 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in Lowe’s Companies by 22.0% during the 2nd quarter. Jennison Associates LLC now owns 497,628 shares of the home improvement retailer’s stock worth $110,409,000 after acquiring an additional 89,839 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies News Roundup

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

About Lowe’s Companies

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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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