Analysts Set Lowe’s Companies, Inc. (LOW) Price Target at $111.76

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Shares of Lowe’s Companies, Inc. (NYSE:LOW) have earned a consensus recommendation of “Buy” from the thirty-three research firms that are presently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and twenty-five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $111.76.

Several analysts have recently issued reports on LOW shares. Loop Capital set a $115.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, July 18th. KeyCorp reiterated an “overweight” rating and issued a $115.00 target price (up previously from $105.00) on shares of Lowe’s Companies in a research note on Tuesday, July 24th. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Tuesday, July 24th. Jefferies Financial Group started coverage on shares of Lowe’s Companies in a research note on Tuesday, August 21st. They issued a “buy” rating and a $118.00 target price for the company. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Lowe’s Companies in a research note on Wednesday, August 22nd.

NYSE LOW opened at $94.74 on Friday. Lowe’s Companies has a 1 year low of $75.36 and a 1 year high of $117.70. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.06 and a quick ratio of 0.25. The firm has a market capitalization of $75.80 billion, a PE ratio of 21.58, a PEG ratio of 1.26 and a beta of 1.39.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.05. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. Analysts forecast that Lowe’s Companies will post 5.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 7th. Investors of record on Wednesday, October 24th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Tuesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 43.74%.

In other Lowe’s Companies news, Director Lisa W. Wardell acquired 273 shares of the company’s stock in a transaction on Friday, August 24th. The shares were acquired at an average cost of $107.72 per share, with a total value of $29,407.56. Following the completion of the acquisition, the director now directly owns 273 shares in the company, valued at $29,407.56. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Marshall A. Croom sold 15,735 shares of the company’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total transaction of $1,803,388.35. Following the sale, the chief financial officer now directly owns 63,099 shares in the company, valued at $7,231,776.39. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LOW. Ironsides Asset Advisors LLC lifted its holdings in Lowe’s Companies by 698.3% during the second quarter. Ironsides Asset Advisors LLC now owns 8,327,089 shares of the home improvement retailer’s stock valued at $98,637,000 after purchasing an additional 7,284,000 shares during the last quarter. Boston Partners lifted its holdings in Lowe’s Companies by 382.4% during the second quarter. Boston Partners now owns 4,784,235 shares of the home improvement retailer’s stock valued at $457,230,000 after purchasing an additional 3,792,479 shares during the last quarter. Winslow Capital Management LLC purchased a new stake in Lowe’s Companies during the second quarter valued at about $303,908,000. Charles Schwab Investment Advisory Inc. purchased a new stake in Lowe’s Companies during the second quarter valued at about $266,540,000. Finally, Artisan Partners Limited Partnership purchased a new stake in Lowe’s Companies during the second quarter valued at about $206,665,000. 74.60% of the stock is currently owned by institutional investors and hedge funds.

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. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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