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 stock analysts at Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They currently have a $305.00 price objective on the home improvement retailer’s stock. Telsey Advisory Group’s price target suggests a potential upside of 25.86% from the company’s current price.

Other equities research analysts have also issued reports about the company. Guggenheim restated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Mizuho lifted their price target on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Truist Financial increased their price objective on shares of Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $282.96.

Lowe’s Companies Trading Up 2.2 %

Shares of Lowe’s Companies stock opened at $242.33 on Wednesday. The stock has a market capitalization of $136.83 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 1.96 and a beta of 1.11. The firm’s 50-day moving average price is $252.53 and its two-hundred day moving average price is $258.94. Lowe’s Companies has a 1-year low of $211.80 and a 1-year high of $287.01.

Institutional Investors Weigh In On Lowe’s Companies

Several hedge funds have recently bought and sold shares of LOW. Klingenstein Fields & Co. LP raised its stake in Lowe’s Companies by 1.0% during the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock worth $1,012,000 after buying an additional 39 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Lowe’s Companies by 0.5% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after acquiring an additional 40 shares in the last quarter. Saxony Capital Management LLC raised its position in shares of Lowe’s Companies by 4.2% during the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock worth $245,000 after purchasing an additional 40 shares during the period. Powers Advisory Group LLC lifted its holdings in shares of Lowe’s Companies by 2.7% during the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after purchasing an additional 40 shares in the last quarter. Finally, Gen Wealth Partners Inc grew its position in shares of Lowe’s Companies by 1.9% in the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock valued at $534,000 after purchasing an additional 40 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

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.