Lowe’s Companies (NYSE:LOW) Rating Lowered to Hold at StockNews.com

Lowe’s Companies (NYSE:LOW) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other equities research analysts have also issued reports on LOW. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Stifel Nicolaus upped their price objective 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. Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Truist Financial reduced their price target on shares of 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. Finally, Evercore ISI boosted 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 research note on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Lowe’s Companies Trading Up 0.1 %

Shares of NYSE LOW traded up $0.27 during midday trading on Thursday, reaching $246.84. The company’s stock had a trading volume of 2,364,913 shares, compared to its average volume of 2,274,397. The company has a market cap of $139.38 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. Lowe’s Companies has a one year low of $209.55 and a one year high of $287.01. The company has a 50 day moving average price of $261.51 and a 200 day moving average price of $252.88.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LOW. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies during the third quarter worth $27,000. JNBA Financial Advisors increased 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 raised its position in shares of Lowe’s Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares during the last quarter. Kimelman & Baird LLC bought a new stake in shares of Lowe’s Companies in the second quarter valued at about $37,000. Finally, Tsfg LLC grew its position in Lowe’s Companies by 128.2% during the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 100 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.