Lowe’s Companies (NYSE:LOW) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

Lowe’s Companies (NYSE:LOW) had its target price lifted by stock analysts at Sanford C. Bernstein from $301.00 to $304.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the home improvement retailer’s stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 15.90% from the stock’s previous close.

Several other analysts have also commented on the company. UBS Group raised their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Evercore ISI lifted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday. Oppenheimer raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $230.00 to $305.00 in a report on Tuesday, September 24th. Barclays lifted their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company increased their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Trading Down 0.5 %

Shares of NYSE LOW opened at $262.30 on Thursday. The company has a 50 day simple moving average of $270.69 and a two-hundred day simple moving average of $249.22. The stock has a market cap of $148.11 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.25 and a beta of 1.09. Lowe’s Companies has a 12 month low of $209.55 and a 12 month high of $287.01.

Insider Buying and Selling at Lowe’s Companies

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

Institutional Trading of Lowe’s Companies

Several hedge funds have recently made changes to their positions in LOW. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies in the third quarter valued at 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 valued at $32,000 after purchasing an additional 70 shares during the period. JNBA Financial Advisors grew its holdings 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 purchasing an additional 100 shares during the period. MFA Wealth Advisors LLC increased 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 worth $35,000 after purchasing an additional 70 shares during the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in shares of Lowe’s Companies during the 2nd quarter worth about $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.