Lowe’s Companies, Inc. (NYSE:LOW)‘s stock had its “buy” rating reissued by equities research analysts at Stifel Nicolaus in a note issued to investors on Friday. They presently have a $87.00 price objective on the home improvement retailer’s stock. Stifel Nicolaus’ price objective points to a potential upside of 17.82% from the company’s current price.

A number of other analysts have also recently commented on LOW. Royal Bank Of Canada reaffirmed a “buy” rating and set a $90.00 target price on shares of Lowe’s Companies in a report on Monday, April 3rd. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) reduced their target price on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $100.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, May 24th. Finally, BTIG Research reaffirmed a “buy” rating and set a $95.00 target price (up from $90.00) on shares of Lowe’s Companies in a report on Friday, May 19th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $85.39.

Lowe’s Companies (NYSE LOW) traded up 1.76% on Friday, hitting $73.84. 9,743,595 shares of the stock were exchanged. Lowe’s Companies has a 12 month low of $64.87 and a 12 month high of $86.25. The company has a 50-day moving average of $77.85 and a 200-day moving average of $78.90. The stock has a market cap of $62.34 billion, a price-to-earnings ratio of 23.15 and a beta of 1.08. Lowe’s Companies also was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 86,338 call options on the stock. This is an increase of 661% compared to the typical volume of 11,338 call options.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data 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 net margin of 4.22% and a return on equity of 56.78%. The company had revenue of $16.86 billion for the quarter, compared to analysts’ expectations of $16.99 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts predict that Lowe’s Companies will post $4.62 EPS for the current year.

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In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total transaction of $936,094.40. Following the completion of the transaction, the insider now owns 37,716 shares in the company, valued at $3,024,823.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. raised its position in Lowe’s Companies by 1.3% in the second quarter. Duncker Streett & Co. Inc. now owns 16,633 shares of the home improvement retailer’s stock valued at $1,290,000 after buying an additional 209 shares during the period. Delta Asset Management LLC TN raised its position in Lowe’s Companies by 0.4% in the second quarter. Delta Asset Management LLC TN now owns 327,329 shares of the home improvement retailer’s stock valued at $25,377,000 after buying an additional 1,348 shares during the period. Bridges Investment Counsel Inc. raised its position in Lowe’s Companies by 73.7% in the second quarter. Bridges Investment Counsel Inc. now owns 27,795 shares of the home improvement retailer’s stock valued at $2,155,000 after buying an additional 11,792 shares during the period. Bridges Investment Management Inc. raised its position in Lowe’s Companies by 0.6% in the second quarter. Bridges Investment Management Inc. now owns 35,350 shares of the home improvement retailer’s stock valued at $2,740,000 after buying an additional 198 shares during the period. Finally, Private Bank & Trust Co. raised its position in Lowe’s Companies by 26.3% in the second quarter. Private Bank & Trust Co. now owns 21,199 shares of the home improvement retailer’s stock valued at $1,643,000 after buying an additional 4,419 shares during the period. Institutional investors and hedge funds own 74.54% of the company’s stock.

Lowe’s Companies Company Profile

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.

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

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