Lowe’s Companies (NYSE: LOW) recently received a number of ratings updates from brokerages and research firms:

  • 8/23/2017 – 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.
  • 8/23/2017 – Lowe’s Companies was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating.
  • 8/21/2017 – Lowe’s Companies had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $94.00 price target on the stock.
  • 8/18/2017 – Lowe’s Companies had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $95.00 price target on the stock.
  • 8/14/2017 – Lowe’s Companies had its “buy” rating reaffirmed by analysts at Longbow Research. They now have a $95.00 price target on the stock.
  • 8/11/2017 – Lowe’s Companies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $88.00 price target on the stock. According to Zacks, “Although, Lowe’s shares have underperformed the industry in the past three months owing to lower-than-expected results in first-quarter fiscal 2017, its efforts towards increasing pro-customers base might help drive the stock going forward. Lowe’s recently completed the buyout of Maintenance Supply Headquarters, which will help strengthen relationship with pro customers. Further, we believe improving job scenario, gradual recovery in the housing market and merchandising initiatives along with efforts to provide better omni-channel customer experience bode well. Management expects sales to increase approximately 5% with comps growth of about 3.5% during fiscal 2017. However, Lowe’s fiscal 2017 earnings projections of approximately $4.30 per share, down from the previous estimate of $4.64 is a cause of worry for investors. Of late estimates have been stable ahead of the second-quarter earnings release.”
  • 8/8/2017 – Lowe’s Companies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Lowe’s shares have underperformed the industry in the past three months owing to lower-than-expected results in first-quarter fiscal 2017. However, the company’s efforts towards increasing pro-customers base might help drive the company stock going forward. Lowe’s recently completed the buyout of Maintenance Supply Headquarters, which will help strengthen relationship with pro customers. Further, we believe improving job scenario, gradual recovery in the housing market and merchandising initiatives along with efforts to provide better omni-channel customer experience bode well. Management expects sales to increase approximately 5% with comps growth of about 3.5% during fiscal 2017. However, Lowe’s fiscal 2017 earnings projections of approximately $4.30 per share, down from the previous estimate of $4.64 is a cause of worry for investors. Of late estimates have been stable ahead of the second-quarter earnings release.”
  • 8/2/2017 – Lowe’s Companies was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/24/2017 – Lowe’s Companies was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/21/2017 – 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.
  • 7/21/2017 – Lowe’s Companies had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $87.00 price target on the stock.
  • 7/20/2017 – 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.
  • 7/17/2017 – Lowe’s Companies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “It seems that Lowe's has not been able to extract optimum benefit from improving job scenario and gradual recovery in the housing market. The stock hasn’t exhibited a considerable run in the bourses and just increased 6.6% in the past six months when compared with the industry’s gain of 8.8%. Lower-than-expected first-quarter fiscal 2017 results can be cited as one of the reasons for the same. We also noted that comparable sales did increase but came below analysts’ expectations and the rate of growth decelerated sequentially. Moreover, contraction in gross margin continued in the quarter as well. Nevertheless, management is focusing on improving its merchandising initiatives along with efforts to provide better omni-channel facilities and is also strengthening its relationship with pro customers. The company is concentrating on enhancing supply chain and managing inventory as well as containing costs.”
  • 7/12/2017 – Lowe’s Companies had its “underperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $69.00 price target on the stock.

Lowe’s Companies, Inc. (LOW) opened at 73.01 on Thursday. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25. The stock has a market capitalization of $61.64 billion, a P/E ratio of 22.89 and a beta of 1.08. The firm’s 50-day moving average is $76.21 and its 200 day moving average is $79.55. Lowe’s Companies also was the recipient of unusually large options trading on Monday. Stock investors bought 6,466 put options on the stock. This is an increase of 538% compared to the typical volume of 1,014 put options.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by $0.05. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.37 earnings per share. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post $4.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.25%. Lowe’s Companies’s dividend payout ratio is 51.57%.

In related news, insider Richard D. Maltsbarger sold 11,672 shares of Lowe’s Companies stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total value of $936,094.40. Following the completion of the sale, the insider now directly owns 37,716 shares in the company, valued at $3,024,823.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

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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