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Lowe's Companies (NYSE:LOW) saw some unusual options trading activity on Monday. Stock traders acquired 11,401 call options on the company, American Banking reports. This is an increase of 256% compared to the typical daily volume of 3,202 call options.

Several analysts have recently commented on the stock. Analysts at Morgan Stanley initiated coverage on shares of Lowe's Companies in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $50.00 price target on the stock. Separately, analysts at Canaccord Genuity downgraded shares of Lowe's Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 28th. They now have a $37.00 price target on the stock, down previously from $47.00. They noted that the move was a valuation call. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lowe's Companies in a research note on Thursday, May 22nd. They now have a $54.00 price target on the stock, down previously from $57.00. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $51.00.

Shares of Lowe's Companies (NYSE:LOW) traded up 0.90% on Monday, hitting $50.45. The stock had a trading volume of 4,817,867 shares. Lowe's Companies has a one year low of $43.52 and a one year high of $52.08. The stock’s 50-day moving average is $48.25 and its 200-day moving average is $47.52. The company has a market cap of $50.315 billion and a price-to-earnings ratio of 22.12.

Lowe's Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 21st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $13.40 billion for the quarter, compared to the consensus estimate of $13.86 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts expect that Lowe's Companies will post $2.61 EPS for the current fiscal year.

Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.

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