Several other research analysts have also commented on the stock. SunTrust Banks reiterated a “buy” rating and set a $120.00 price objective on shares of Lowe’s Companies in a research note on Friday, May 24th. Credit Suisse Group reiterated a “neutral” rating and set a $114.00 price objective (up previously from $99.00) on shares of Lowe’s Companies in a research note on Thursday, August 22nd. Barclays upped their price target on Lowe’s Companies from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, June 24th. UBS Group upped their price target on Lowe’s Companies from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group upped their price target on Lowe’s Companies from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Lowe’s Companies presently has an average rating of “Buy” and an average target price of $116.36.
Shares of LOW traded up $0.95 during trading hours on Tuesday, hitting $114.44. The company had a trading volume of 169,278 shares, compared to its average volume of 4,836,489. The company has a market capitalization of $88.59 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 1.49 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.19 and a debt-to-equity ratio of 7.80. The company’s fifty day moving average price is $104.29 and its two-hundred day moving average price is $104.74. Lowe’s Companies has a one year low of $84.75 and a one year high of $118.23.
Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 EPS for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.15. The business had revenue of $20.99 billion during the quarter, compared to the consensus estimate of $20.96 billion. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $2.07 earnings per share. Analysts forecast that Lowe’s Companies will post 5.65 earnings per share for the current year.
In other news, EVP Donald Frieson bought 2,030 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were purchased at an average cost of $98.69 per share, with a total value of $200,340.70. Following the transaction, the executive vice president now directly owns 10,980 shares in the company, valued at $1,083,616.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.07% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Comerica Securities Inc. increased its holdings in Lowe’s Companies by 6.3% in the 4th quarter. Comerica Securities Inc. now owns 13,753 shares of the home improvement retailer’s stock worth $1,270,000 after buying an additional 818 shares during the period. Geode Capital Management LLC increased its stake in shares of Lowe’s Companies by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 10,336,009 shares of the home improvement retailer’s stock worth $952,946,000 after acquiring an additional 728,740 shares during the period. Bridges Investment Management Inc. increased its stake in shares of Lowe’s Companies by 6.1% in the first quarter. Bridges Investment Management Inc. now owns 245,876 shares of the home improvement retailer’s stock worth $26,916,000 after acquiring an additional 14,220 shares during the period. Pictet & Cie Europe SA acquired a new stake in shares of Lowe’s Companies in the first quarter worth $465,000. Finally, Aviance Capital Partners LLC increased its stake in shares of Lowe’s Companies by 4.8% in the first quarter. Aviance Capital Partners LLC now owns 17,270 shares of the home improvement retailer’s stock worth $1,891,000 after acquiring an additional 795 shares during the period. 76.92% of the stock is currently owned by institutional investors and hedge funds.
Lowe’s Companies Company Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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