Lowe’s Companies (LOW) Upgraded to Buy by ValuEngine

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ValuEngine upgraded shares of Lowe’s Companies (NYSE:LOW) from a hold rating to a buy rating in a research note released on Monday.

Several other equities analysts have also issued reports on LOW. Loop Capital set a $125.00 price target on Lowe’s Companies and gave the stock a buy rating in a research report on Wednesday, November 21st. Wedbush set a $115.00 price target on Lowe’s Companies and gave the stock a neutral rating in a research report on Monday, October 15th. Credit Suisse Group set a $99.00 price objective on Lowe’s Companies and gave the stock a hold rating in a research report on Tuesday, December 11th. Wells Fargo & Co lifted their price objective on Lowe’s Companies from $105.00 to $110.00 and gave the stock an outperform rating in a research report on Thursday, December 13th. Finally, Piper Jaffray Companies cut their price objective on Lowe’s Companies from $110.00 to $93.00 and set a neutral rating on the stock in a research report on Wednesday, November 21st. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $111.65.

LOW traded up $1.56 on Monday, hitting $97.54. 261,410 shares of the company were exchanged, compared to its average volume of 4,656,145. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.00 and a quick ratio of 0.18. Lowe’s Companies has a 12 month low of $81.16 and a 12 month high of $117.70. The firm has a market cap of $77.91 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.35 and a beta of 1.35.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The business had revenue of $17.42 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same period last year, the company earned $1.05 EPS. Lowe’s Companies’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lowe’s Companies will post 5.11 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Wednesday, January 23rd will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, January 22nd. Lowe’s Companies’s payout ratio is presently 43.74%.

In other news, Director Brian C. Rogers bought 10,000 shares of the stock in a transaction dated Friday, November 23rd. The stock was bought at an average price of $88.02 per share, for a total transaction of $880,200.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $880,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LOW. United Capital Management of KS Inc. raised its stake in Lowe’s Companies by 1.5% during the fourth quarter. United Capital Management of KS Inc. now owns 13,089 shares of the home improvement retailer’s stock valued at $1,209,000 after buying an additional 191 shares during the last quarter. OmniStar Financial Group Inc. raised its stake in Lowe’s Companies by 1.5% during the third quarter. OmniStar Financial Group Inc. now owns 16,951 shares of the home improvement retailer’s stock valued at $1,946,000 after buying an additional 254 shares during the last quarter. Clarus Wealth Advisors raised its stake in Lowe’s Companies by 20.0% during the fourth quarter. Clarus Wealth Advisors now owns 2,264 shares of the home improvement retailer’s stock valued at $209,000 after buying an additional 378 shares during the last quarter. Belpointe Asset Management LLC raised its stake in Lowe’s Companies by 18.8% during the third quarter. Belpointe Asset Management LLC now owns 3,252 shares of the home improvement retailer’s stock valued at $373,000 after buying an additional 514 shares during the last quarter. Finally, First Personal Financial Services raised its stake in Lowe’s Companies by 6.3% during the third quarter. First Personal Financial Services now owns 8,884 shares of the home improvement retailer’s stock valued at $1,020,000 after buying an additional 523 shares during the last quarter. Institutional investors own 74.33% of the company’s stock.

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. 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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