Lowe’s Companies, Inc. (NYSE:LOW) has received a consensus recommendation of “Hold” from the twenty-six research firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $84.41.

A number of research firms recently commented on LOW. Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 price target (down from $89.00) on shares of Lowe’s Companies in a research note on Thursday, August 24th. Longbow Research reaffirmed a “buy” rating and set a $95.00 price target on shares of Lowe’s Companies in a research note on Monday, August 14th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $80.00 price target (down from $83.00) on shares of Lowe’s Companies in a research note on Thursday, August 24th. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, Robert W. Baird set a $87.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, August 24th.

Large investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC boosted its stake in shares of Lowe’s Companies by 81.0% in the second quarter. Lord Abbett & CO. LLC now owns 2,131,387 shares of the home improvement retailer’s stock valued at $165,247,000 after buying an additional 953,787 shares during the last quarter. Phocas Financial Corp. purchased a new position in Lowe’s Companies during the second quarter valued at approximately $268,000. RNC Capital Management LLC raised its position in Lowe’s Companies by 0.9% in the second quarter. RNC Capital Management LLC now owns 49,916 shares of the home improvement retailer’s stock valued at $3,870,000 after buying an additional 439 shares during the period. Atlantic Trust LLC purchased a new position in Lowe’s Companies during the second quarter valued at approximately $105,000. Finally, WFG Advisors LP raised its position in Lowe’s Companies by 34.5% in the second quarter. WFG Advisors LP now owns 2,846 shares of the home improvement retailer’s stock valued at $221,000 after buying an additional 730 shares during the period. 72.91% of the stock is owned by hedge funds and other institutional investors.

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Shares of Lowe’s Companies (NYSE LOW) traded down 0.24% during midday trading on Tuesday, hitting $73.62. The company’s stock had a trading volume of 4,344,572 shares. The firm has a market cap of $61.62 billion, a P/E ratio of 20.90 and a beta of 1.08. Lowe’s Companies has a 52-week low of $64.87 and a 52-week high of $86.25. The stock’s 50 day moving average is $75.99 and its 200-day moving average is $79.50.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by $0.05. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.58 billion. During the same quarter last year, the firm earned $1.37 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Equities analysts predict that Lowe’s Companies will post $4.50 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.22%. Lowe’s Companies’s payout ratio is presently 46.20%.

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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