Lowe’s Companies (NYSE:LOW) Price Target Increased to $150.00 by Analysts at Longbow Research

Lowe’s Companies (NYSE:LOW) had its price objective raised by Longbow Research from $130.00 to $150.00 in a research note published on Friday morning, The Fly reports. Longbow Research currently has a buy rating on the home improvement retailer’s stock.

Other research analysts also recently issued reports about the company. UBS Group increased their target price on Lowe’s Companies from $130.00 to $140.00 and gave the company a buy rating in a research report on Thursday. Robert W. Baird increased their target price on Lowe’s Companies from $115.00 to $135.00 and gave the company an outperform rating in a research report on Monday, May 18th. Morgan Stanley lowered their price target on Lowe’s Companies from $120.00 to $95.00 and set an overweight rating for the company in a research report on Thursday, April 2nd. TheStreet upgraded Lowe’s Companies from a c+ rating to a b- rating in a research report on Monday, May 11th. Finally, Zacks Investment Research downgraded Lowe’s Companies from a hold rating to a sell rating and set a $108.00 price target for the company. in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $132.54.

Shares of NYSE LOW traded up $1.61 during midday trading on Friday, reaching $122.25. 6,063,492 shares of the stock traded hands, compared to its average volume of 6,207,421. The company has a debt-to-equity ratio of 14.05, a current ratio of 1.20 and a quick ratio of 0.14. The stock has a market capitalization of $91.08 billion, a PE ratio of 20.65, a P/E/G ratio of 1.33 and a beta of 1.38. Lowe’s Companies has a one year low of $60.00 and a one year high of $126.73. The company’s 50 day moving average is $101.42 and its 200 day moving average is $110.02.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.45. The firm had revenue of $19.68 billion during the quarter, compared to the consensus estimate of $18.33 billion. Lowe’s Companies had a return on equity of 220.44% and a net margin of 6.17%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.22 EPS. As a group, equities analysts forecast that Lowe’s Companies will post 5.97 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were paid a dividend of $0.55 per share. The ex-dividend date was Tuesday, April 21st. This represents a $2.20 annualized dividend and a dividend yield of 1.80%. Lowe’s Companies’s dividend payout ratio is currently 38.46%.

In other news, CEO Marvin R. Ellison purchased 10,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were purchased at an average price of $103.86 per share, for a total transaction of $1,038,600.00. Following the completion of the purchase, the chief executive officer now owns 90,090 shares in the company, valued at approximately $9,356,747.40. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.07% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Independent Advisor Alliance grew its stake in Lowe’s Companies by 0.3% in the fourth quarter. Independent Advisor Alliance now owns 31,550 shares of the home improvement retailer’s stock valued at $3,779,000 after purchasing an additional 84 shares during the last quarter. Benjamin Edwards Inc. grew its stake in Lowe’s Companies by 43.0% in the first quarter. Benjamin Edwards Inc. now owns 296 shares of the home improvement retailer’s stock valued at $25,000 after purchasing an additional 89 shares during the last quarter. Corient Capital Partners LLC grew its stake in Lowe’s Companies by 0.6% in the fourth quarter. Corient Capital Partners LLC now owns 15,758 shares of the home improvement retailer’s stock valued at $1,888,000 after purchasing an additional 91 shares during the last quarter. MACRO Consulting Group grew its stake in Lowe’s Companies by 3.8% in the fourth quarter. MACRO Consulting Group now owns 2,555 shares of the home improvement retailer’s stock valued at $305,000 after purchasing an additional 94 shares during the last quarter. Finally, Magnus Financial Group LLC grew its stake in Lowe’s Companies by 2.4% in the first quarter. Magnus Financial Group LLC now owns 3,955 shares of the home improvement retailer’s stock valued at $340,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 76.15% 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. 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.

Read More: What does an outperform rating mean?

The Fly

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

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