Lowes Companies (LOW): Price Target and June Short Interest Disclosure

Lowes Companies (LOW) : Currently there are 14 street experts covering Lowes Companies (LOW) stock. The most bullish and bearish price target for the stock is $94 and $75 respectively for the short term. The average price target of all the analysts comes to $86. The estimated standard deviation from the target is $5.23.

Lowes Companies (LOW) reported a drop of 3.3% or 375,338 shares in its short interest. The short figure came in at 1.2% of the total floats. The average daily volume of 5,357,752 shares suggests that the days to cover 10,887,322 short positions, as on June 30,2016, will be 2. On June 15,2016, the short interest was 11,262,660 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, BTIG Research initiates coverage on Lowes Companies (NYSE:LOW).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, BTIG Research announces the price target of $90 per share. The rating by the firm was issued on June 1, 2016.


Lowes Companies (NYSE:LOW): stock turned positive on Thursday. Though the stock opened at $82.21, the bulls momentum made the stock top out at $82.49 level for the day. The stock recorded a low of $81.7 and closed the trading day at $82.13, in the green by 0.59%. The total traded volume for the day was 3,332,115. The stock had closed at $81.65 in the previous days trading.

Lowes Companies, Inc. (Lowes) is a home improvement retailer. As of January 30, 2015, Lowes operated 1,840 home improvement and hardware stores, representing approximately 201 million square feet of retail selling space. Lowes is consisted of 1,793 stores located across 50 states in the United States, including 74 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as 37 stores in Canada, and 10 stores in Mexico. It serves homeowners, renters, and professional customers (Pro customers). Its retail customers, consisted of individual homeowners and renters, complete a range of projects. The Pro customer consists of two categories: construction trades, and maintenance, repair and operations. The Company offers a range of products for maintenance, repair, remodeling, and decorating.

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