Lowe's stock is trading -13.73% below its average target price of $251.82 after dropping -4.9% during today's evening session. Analysts are giving the Large-Cap Home Improvement Retail company an average rating of buy and target prices ranging from $201.0 to $290.0 per share.
The stock has a very low short interest at 1.3%, and a short ratio of 3.87. At 0.1%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 77.0% of Lowe's's shares being owned by this investor type.
Institutions Invested in Lowe's
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 9% | 53,693,630 | $11,664,941,117 |
| 2024-03-31 | Blackrock Inc. | 7% | 39,766,281 | $8,639,224,547 |
| 2024-03-31 | JP Morgan Chase & Company | 4% | 24,794,603 | $5,386,627,501 |
| 2024-03-31 | State Street Corporation | 4% | 24,414,946 | $5,304,147,018 |
| 2024-03-31 | FMR, LLC | 4% | 22,001,965 | $4,779,926,896 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 11,407,612 | $2,478,303,707 |
| 2024-03-31 | Wells Fargo & Company | 2% | 11,225,109 | $2,438,654,930 |
| 2024-03-31 | Bank of America Corporation | 2% | 10,497,925 | $2,280,674,206 |
| 2024-03-31 | Morgan Stanley | 2% | 10,462,248 | $2,272,923,378 |
| 2024-03-31 | Massachusetts Financial Services Co. | 1% | 7,726,409 | $1,678,562,355 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Lowe's.
