Lowe’s Companies (NYSE:LOW) Price Target Raised to $105.00 at Loop Capital

Lowe’s Companies (NYSE:LOW) had its price target lifted by Loop Capital to $105.00 in a research note released on Thursday, The Fly reports. They currently have a hold rating on the home improvement retailer’s stock.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley boosted their price objective on shares of Lowe’s Companies from $123.00 to $130.00 and gave the company an overweight rating in a research report on Thursday. Bank of America set a $135.00 price objective on shares of Lowe’s Companies and gave the company a buy rating in a research report on Monday, May 27th. ValuEngine cut shares of Lowe’s Companies from a buy rating to a hold rating in a research report on Wednesday, July 24th. Robert W. Baird reiterated an outperform rating and set a $127.00 price objective (down previously from $133.00) on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Finally, Goldman Sachs Group started coverage on shares of Lowe’s Companies in a research report on Thursday, July 11th. They set a buy rating and a $119.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $116.08.

LOW traded down $1.35 during trading hours on Thursday, hitting $106.81. The company’s stock had a trading volume of 1,752,866 shares, compared to its average volume of 4,928,613. The business’s 50-day moving average price is $101.62 and its 200-day moving average price is $103.69. Lowe’s Companies has a 12 month low of $84.75 and a 12 month high of $118.23. The stock has a market cap of $76.62 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 1.28 and a beta of 1.36. The company has a current ratio of 1.09, a quick ratio of 0.24 and a debt-to-equity ratio of 6.37.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.15. Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The business had revenue of $20.99 billion for the quarter, compared to analysts’ expectations of $20.96 billion. During the same quarter in the previous year, the business posted $2.07 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. On average, analysts forecast that Lowe’s Companies will post 5.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, October 22nd. Lowe’s Companies’s payout ratio is presently 42.80%.

In related news, EVP Donald Frieson purchased 2,030 shares of the business’s stock in a transaction dated Wednesday, June 19th. The shares were purchased at an average cost of $98.69 per share, for a total transaction of $200,340.70. Following the completion of the acquisition, the executive vice president now owns 10,980 shares in the company, valued at approximately $1,083,616.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. RFG Advisory LLC lifted its stake in Lowe’s Companies by 9.4% in the second quarter. RFG Advisory LLC now owns 5,759 shares of the home improvement retailer’s stock worth $578,000 after acquiring an additional 494 shares during the period. Hodges Capital Management Inc. lifted its stake in Lowe’s Companies by 3.7% in the second quarter. Hodges Capital Management Inc. now owns 25,130 shares of the home improvement retailer’s stock worth $2,536,000 after acquiring an additional 906 shares during the period. Empire Life Investments Inc. lifted its stake in Lowe’s Companies by 22.5% in the second quarter. Empire Life Investments Inc. now owns 179,138 shares of the home improvement retailer’s stock worth $18,076,000 after acquiring an additional 32,863 shares during the period. Ellevest Inc. purchased a new stake in Lowe’s Companies in the second quarter worth about $81,000. Finally, Vestmark Advisory Solutions Inc. lifted its stake in Lowe’s Companies by 19.2% in the second quarter. Vestmark Advisory Solutions Inc. now owns 4,638 shares of the home improvement retailer’s stock worth $468,000 after acquiring an additional 748 shares during the period. 75.85% of the stock is owned by institutional investors.

About Lowe’s Companies

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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Analyst Recommendations for Lowe`s Companies (NYSE:LOW)

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