Shares of Lowe’s Companies Inc. (NYSE:LOW) traded at a new 52-week high today of $215.50. This new high was reached on below average trading volume as 903,000 shares traded hands, while the average 30-day volume is approximately 3.2 million shares.
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.
Lowe’s Companies Inc. is currently priced 21.5% above its average consensus analyst price target of $168.95.
Over the past year, Lowe’s Companies Inc. has traded in a range of $146.72 to $215.50 and is now at $215.23, 47% above that low.
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