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

Lowe’s Companies (NYSE:LOW)‘s stock had its “outperform” rating reiterated by Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They presently have a $305.00 price objective on the home improvement retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 25.86% from the stock’s previous close.

Several other equities research analysts have also recently commented on LOW. Royal Bank of Canada boosted their target price on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Sanford C. Bernstein boosted their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Mizuho lifted their price target on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Wedbush restated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $282.96.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $242.33 on Wednesday. The firm has a market cap of $136.83 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The stock’s 50-day moving average is $252.53 and its 200-day moving average is $258.94. Lowe’s Companies has a one year low of $211.80 and a one year high of $287.01.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LOW. AMF Tjanstepension AB increased its position in Lowe’s Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after buying an additional 20,123 shares during the period. Hunter Associates Investment Management LLC bought a new position in Lowe’s Companies during the third quarter worth about $241,000. Gateway Wealth Partners LLC acquired a new stake in Lowe’s Companies in the 3rd quarter worth about $208,000. MONECO Advisors LLC boosted its holdings in Lowe’s Companies by 1.6% in the 3rd quarter. MONECO Advisors LLC now owns 3,243 shares of the home improvement retailer’s stock valued at $878,000 after purchasing an additional 52 shares during the period. Finally, Fidelis Capital Partners LLC grew its position in shares of Lowe’s Companies by 20.7% during the 3rd quarter. Fidelis Capital Partners LLC now owns 5,560 shares of the home improvement retailer’s stock worth $1,502,000 after purchasing an additional 954 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

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.