Truist Financial Lowers Lowe’s Companies (NYSE:LOW) Price Target to $307.00

Lowe’s Companies (NYSE:LOW) had its target price lowered by analysts at Truist Financial from $310.00 to $307.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the home improvement retailer’s stock. Truist Financial’s price target points to a potential upside of 17.04% from the stock’s previous close.

Several other analysts have also recently weighed in on LOW. Barclays lifted their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and upped their price target for the stock from $250.00 to $300.00 in a research note on Wednesday, October 9th. Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday. Oppenheimer upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $230.00 to $305.00 in a report on Tuesday, September 24th. Finally, TD Cowen increased their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $280.85.

Lowe’s Companies Trading Down 0.5 %

Shares of LOW opened at $262.30 on Thursday. Lowe’s Companies has a 1-year low of $209.55 and a 1-year high of $287.01. The firm’s 50-day moving average price is $270.69 and its 200-day moving average price is $249.22. The firm has a market capitalization of $148.11 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.25 and a beta of 1.09.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the transaction, the executive vice president now owns 13,214 shares in the company, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On Lowe’s Companies

Several hedge funds and other institutional investors have recently made changes to their positions in LOW. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies in the third quarter worth approximately $27,000. Stephens Consulting LLC raised its position in Lowe’s Companies by 93.3% in the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares during the period. JNBA Financial Advisors boosted its stake in shares of Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. MFA Wealth Advisors LLC grew its position in shares of Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after acquiring an additional 70 shares during the period. Finally, Kimelman & Baird LLC purchased a new stake in shares of Lowe’s Companies in the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

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.