Lowe's Companies Inc.: The Winning Streak Continues

Shares of Lowe’s Companies Inc. LOW traded today at $256.07, eclipsing its 12-month high. So far today approximately 1.9 million shares have been exchanged, as compared to an average 30-day volume of 3 million shares.

Over the past year, Lowe’s Companies Inc. has traded in a range of $148.00 to $256.07 and is now at $255.72, 73% above that low.

Lowe’s Companies Inc. is currently priced 22.1% above its average consensus analyst price target of $199.17.

Lowe’s is the second-largest home improvement retailer in the world, operating about 1,970 stores throughout the United States and Canada. The firm’s stores offer products and services for home decorating, maintenance, repair, and remodeling. Lowe’s targets retail do-it-yourself and do-it-for-me customers as well as commercial business clients. We estimate Lowe’s captures a double-digit share of the domestic home improvement market, based on U.S. Census estimates for market size.

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