Lowe’s Companies (NYSE:LOW) Receives Buy Rating from Guggenheim

Guggenheim reiterated their buy rating on shares of Lowe’s Companies (NYSE:LOW) in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a $300.00 target price on the home improvement retailer’s stock.

A number of other analysts have also recently weighed in on the company. Melius Research assumed coverage on Lowe’s Companies in a research report on Monday, September 23rd. They issued a “buy” rating and a $290.00 price target for the company. Gordon Haskett reduced their price target on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Mizuho boosted their price target on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research report on Thursday. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $250.00 to $300.00 in a research report on Wednesday, October 9th. Finally, Sanford C. Bernstein cut their price objective on Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $280.85.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $262.39 on Thursday. The business’s 50-day moving average price is $270.69 and its two-hundred day moving average price is $249.46. Lowe’s Companies has a one year low of $209.55 and a one year high of $287.01. The company has a market capitalization of $148.16 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 2.25 and a beta of 1.09.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. This trade 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 corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LOW. Legacy Investment Solutions LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at $27,000. Stephens Consulting LLC raised its stake in Lowe’s Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares during the period. JNBA Financial Advisors raised its stake in 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 buying an additional 100 shares during the period. MFA Wealth Advisors LLC raised its stake in 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 buying an additional 70 shares during the period. Finally, Kimelman & Baird LLC acquired a new stake in Lowe’s Companies during the 2nd quarter worth $37,000. Institutional investors and hedge funds 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.