Lowe’s Companies, Inc. (NYSE:LOW) Receives $280.85 Consensus Price Target from Analysts

Lowe’s Companies, Inc. (NYSE:LOW) has been given a consensus rating of “Moderate Buy” by the twenty-six analysts that are covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $280.85.

Several analysts have recently commented on the stock. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Truist Financial dropped their target price on Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Wedbush reissued a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Stifel Nicolaus raised their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Finally, Guggenheim reissued a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th.

Lowe’s Companies Stock Up 1.2 %

Shares of NYSE LOW opened at $261.16 on Friday. The company has a market cap of $147.47 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 2.22 and a beta of 1.11. Lowe’s Companies has a 12-month low of $209.55 and a 12-month high of $287.01. The firm’s 50-day simple moving average is $259.44 and its 200 day simple moving average is $255.60.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

Institutional Trading of Lowe’s Companies

Several institutional investors have recently added to or reduced their stakes in LOW. FMR LLC boosted its position in shares of Lowe’s Companies by 10.2% in the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after acquiring an additional 2,399,897 shares during the period. International Assets Investment Management LLC boosted its holdings in Lowe’s Companies by 1,889.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer’s stock valued at $578,256,000 after purchasing an additional 2,027,668 shares during the period. Applied Finance Capital Management LLC grew its position in shares of Lowe’s Companies by 387.7% during the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock worth $219,761,000 after purchasing an additional 645,017 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Lowe’s Companies by 170.5% during the second quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer’s stock worth $162,178,000 after purchasing an additional 463,645 shares during the period. Finally, State Street Corp raised its position in shares of Lowe’s Companies by 1.9% in the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock valued at $6,774,948,000 after buying an additional 460,851 shares in the last quarter. 74.06% of the stock is currently 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.