Lowe’s Companies, Inc. (NYSE:LOW)‘s stock had its “buy” rating reissued by BTIG Research in a report released on Friday. They presently have a $95.00 target price on the home improvement retailer’s stock. BTIG Research’s price objective would indicate a potential upside of 29.01% from the company’s current price.

Several other research analysts have also commented on the stock. Vetr lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price objective for the company. in a report on Monday, May 8th. Jefferies Group LLC upped their price objective on shares of Lowe’s Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a report on Friday, May 12th. Credit Suisse Group set a $94.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. set a $100.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, May 24th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $87.00 price objective on shares of Lowe’s Companies in a report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company. Lowe’s Companies has a consensus rating of “Hold” and a consensus target price of $85.69.

Shares of Lowe’s Companies (LOW) traded down 0.65% during trading on Friday, reaching $73.64. 5,153,649 shares of the company were exchanged. The stock has a 50-day moving average price of $76.47 and a 200-day moving average price of $79.47. The stock has a market capitalization of $62.17 billion, a PE ratio of 23.09 and a beta of 1.08. Lowe’s Companies has a one year low of $64.87 and a one year high of $86.25.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $16.86 billion for the quarter, compared to the consensus estimate of $16.99 billion. During the same quarter in the prior year, the company earned $0.87 earnings per share. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Analysts forecast that Lowe’s Companies will post $4.62 EPS for the current year.

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In related news, insider Richard D. Maltsbarger sold 11,672 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total transaction of $936,094.40. Following the sale, the insider now directly owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Several hedge funds have recently made changes to their positions in LOW. BlackRock Inc. increased its stake in shares of Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after buying an additional 58,073,138 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of Lowe’s Companies by 204.0% in the first quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock worth $659,174,000 after buying an additional 5,380,759 shares during the last quarter. FMR LLC increased its stake in shares of Lowe’s Companies by 62.6% in the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after buying an additional 3,732,153 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Lowe’s Companies by 1,457.8% in the second quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock worth $293,669,000 after buying an additional 3,544,665 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after buying an additional 2,650,045 shares during the last quarter. 74.65% of the stock is currently owned by hedge funds and other institutional investors.

About Lowe’s Companies

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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