Lowe’s Companies (NYSE:LOW) Earns “Buy” Rating from Guggenheim

Guggenheim restated their buy rating on shares of Lowe’s Companies (NYSE:LOW) in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a $300.00 price target on the home improvement retailer’s stock.

LOW has been the subject of a number of other reports. Truist Financial raised their price target on Lowe’s Companies from $307.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday. Bank of America boosted their target price on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Gordon Haskett cut their price target on shares of Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Finally, Evercore ISI increased their target price on shares of Lowe’s Companies from $255.00 to $270.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

Lowe’s Companies Stock Down 1.6 %

Lowe’s Companies stock opened at $263.50 on Thursday. Lowe’s Companies has a 12 month low of $206.08 and a 12 month high of $287.01. The stock has a market cap of $148.79 billion, a P/E ratio of 21.98, a P/E/G ratio of 2.25 and a beta of 1.09. The company’s fifty day simple moving average is $270.80 and its 200-day simple moving average is $248.90.

Insider Transactions at Lowe’s Companies

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

Institutional Trading of Lowe’s Companies

Institutional investors have recently bought and sold shares of the stock. Brass Tax Wealth Management Inc. raised its stake in Lowe’s Companies by 7.7% during the third quarter. Brass Tax Wealth Management Inc. now owns 2,217 shares of the home improvement retailer’s stock worth $600,000 after acquiring an additional 158 shares in the last quarter. Copley Financial Group Inc. acquired a new stake in shares of Lowe’s Companies in the 3rd quarter valued at $247,000. Fidelity D & D Bancorp Inc. grew its holdings in shares of Lowe’s Companies by 13.8% in the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 2,240 shares of the home improvement retailer’s stock worth $607,000 after purchasing an additional 271 shares during the last quarter. Garde Capital Inc. acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth about $120,000. Finally, Old North State Trust LLC increased its position in shares of Lowe’s Companies by 14.3% during the 3rd quarter. Old North State Trust LLC now owns 1,225 shares of the home improvement retailer’s stock worth $332,000 after purchasing an additional 153 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

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.