Analyst Observation On 2 Stocks: Lowe’s Companies, Inc. (LOW), Tapestry, Inc. (TPR)

Lowe’s Companies, Inc. (NYSE:LOW) was more active in the last trading session as around 9.66 million shares exchanged hands on Wall Street, representing an increase from its normal capacity of 6.59 million shares. A 2.27% change after the initial price of $96.19, sent the closing price to $97.17.

Lowe’s Companies, Inc. (LOW) Analyst Opinion

Lowe’s Companies, Inc. has a consensus outperform rating from 32 Wall Street analysts, and the number of shares currently sold short amount to at least 1.26% of shares outstanding. The stock spiked 3.19% last month and is up 4.55 this year. Wall Street is only getting more bullish on the stock, with 23 of analysts who cover LOW having a buy-equivalent rating. Analysts have placed a $106.43 price target on Lowe’s Companies, Inc., suggesting a 9.53% gain from recent close. It’s currently trading about -10.84% below its 52-week high.

Lowe’s Companies, Inc. Earnings Surprise

Lowe’s Companies, Inc. (LOW) surprised the stock market in its last reported earnings when it earned $1.05 a piece versus the consensus-estimated $1.02. Its revenue totaled $16.59 billion down -14.88% from the previous quarter.

Lowe’s Companies, Inc. (NYSE:LOW) Intraday View

This stock (LOW) is ahead of its 52-week low with 37.32%. Its last month’s stock price volatility remained 5.38% which for the week stands at 3.15%. The share price has moved backward from its 20 days moving average, trading at a distance of -5.44% and stays 3.07% away from its 50 days moving average. Over the last five days, shares have faced -4.27% losses and now is up 17.28% since hitting its 200-day moving average of $84.21. Lowe’s Companies, Inc. (LOW) has made its way to a 12-month gain of 32.15%.

Turning to Tapestry, Inc. (NYSE:TPR), its shares were trading at $49.06 a gain of $0.21, on the trading floor. The stock, after opening at $49.12, touched a high of $49.45 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.2. Tapestry, Inc. has 10 buy ratings, 13 holds and 0 sells even after the stock tumbled -3.25% from its high of $50.71 to a $14.25 billion market value through last close.

Tapestry, Inc. (TPR) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 2.17 to 2.14 during a month. Analysts set a 12-month price target of $49.97 a share. The target implies a 1.85% spike from where the shares are currently trading. Also, the current price highlights a discount of 24.34% to analysts’ high consensus price target.

Tapestry, Inc. (NYSE:TPR) Intraday Trading

The counter witnessed a trading volume of 5.83 million shares versus an average volume of 2.82 million shares during last trading session. Its last month’s stock price volatility remained 4.45% which for the week approaches 2.51%. The lowest price the stock reached in the last trading day was $47.42 and compares with the $37.46 52-week low. The stock recovered 30.96% since its low point and has performed 10.92% year-to-date.

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