Several analysts have recently updated their ratings and price targets for Lowe's Companies (NYSE: LOW):

  • 5/28/2017 – Lowe's Companies had its “outperform” rating reaffirmed by analysts at Wolfe Research. They now have a $94.00 price target on the stock, down previously from $95.00.
  • 5/28/2017 – Lowe's Companies had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $89.00 price target on the stock, down previously from $94.00.
  • 5/25/2017 – Lowe's Companies had its price target lowered by analysts at Stifel Nicolaus from $89.00 to $87.00. They now have a “buy” rating on the stock.
  • 5/25/2017 – Lowe's Companies had its price target lowered by analysts at Goldman Sachs Group Inc from $97.00 to $96.00. They now have a “buy” rating on the stock.
  • 5/24/2017 – Lowe's Companies was given a new $100.00 price target on by analysts at Oppenheimer Holdings Inc.. They now have a “buy” rating on the stock.
  • 5/19/2017 – Lowe's Companies had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $95.00 price target on the stock, up previously from $90.00.
  • 5/15/2017 – Lowe's Companies had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $89.00 price target on the stock.
  • 5/12/2017 – Lowe's Companies had its price target raised by analysts at Jefferies Group LLC from $80.00 to $94.00. They now have a “hold” rating on the stock.
  • 5/8/2017 – Lowe's Companies was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $83.11 price target on the stock.
  • 5/5/2017 – Lowe's Companies had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $89.00 price target on the stock.
  • 5/3/2017 – Lowe's Companies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “An improving job picture, gradual recovery in the housing market and merchandising initiatives along with efforts to provide better omni-channel customer experience bode well for Lowe’s, which outpaced the industry in the past three months. It also remains well positioned to reap the benefits of strategic acquisitions done earlier. We note that after two straight quarters of earnings miss, Lowe’s posted positive earnings surprise of 8.9% in the final quarter of fiscal 2016. Net sales also beat the Zacks Consensus Estimate, after missing the same in the preceding two quarters. The better-than-expected results prompted management to provide an encouraging outlook for fiscal 2017. Management now projects total sales growth of 5% and earnings per share increase of 16%. However, analysts pointed that stiff competition and cannibalization still remain matters of concern.”
  • 5/2/2017 – Lowe's Companies was given a new $94.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 4/24/2017 – Lowe's Companies was upgraded by analysts at Vetr from a “strong sell” rating to a “hold” rating. They now have a $83.11 price target on the stock.
  • 4/18/2017 – Lowe's Companies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $92.00 price target on the stock. According to Zacks, “An improving job picture, gradual recovery in the housing market and merchandising initiatives along with efforts to provide better omni-channel customer experience bode well for Lowe’s, which outpaced the industry in the past three months. It also remains well positioned to reap the benefits of strategic acquisitions done earlier. We note that after two straight quarters of earnings miss, Lowe’s posted positive earnings surprise of 8.9% in the final quarter of fiscal 2016. Net sales also beat the Zacks Consensus Estimate, after missing the same in the preceding two quarters. The better-than-expected results prompted management to provide an encouraging outlook for fiscal 2017. Management now projects total sales growth of 5% and earnings per share increase of 16%. However, analysts pointed that stiff competition and cannibalization still remain matters of concern. Of late estimates have been stable.”
  • 4/3/2017 – Lowe's Companies had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $90.00 price target on the stock.
  • 4/3/2017 – Lowe's Companies was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $72.25 price target on the stock.

Lowe's Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.06 by $0.03. Lowe's Companies had a return on equity of 46.46% and a net margin of 3.91%. The business had revenue of $16.86 billion during the quarter, compared to the consensus estimate of $16.99 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Wednesday, April 26th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.73%. The ex-dividend date was Monday, April 24th. Lowe's Companies’s dividend payout ratio is presently 51.28%.

In related news, CFO Marshall A. Croom sold 12,700 shares of the business’s stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $82.14, for a total value of $1,043,178.00. Following the sale, the chief financial officer now owns 53,479 shares in the company, valued at $4,392,765.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert A. Niblock sold 447,000 shares of the business’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $81.07, for a total transaction of $36,238,290.00. Following the completion of the sale, the chairman now owns 479,507 shares in the company, valued at approximately $38,873,632.49. The disclosure for this sale can be found here. Insiders sold 520,357 shares of company stock worth $42,207,226 in the last 90 days. 0.39% of the stock is currently owned by company insiders.

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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