Lowe’s Companies, Inc. (LOW) Earns “Buy” Rating from Deutsche Bank AG
Lowe’s Companies, Inc. (NYSE:LOW)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank AG in a research report issued on Friday. They presently have a $90.00 price target on the home improvement retailer’s stock, up from their prior price target of $85.00. Deutsche Bank AG’s target price indicates a potential upside of 9.94% from the stock’s current price.
Other analysts also recently issued research reports about the stock. Gordon Haskett started coverage on shares of Lowe’s Companies in a research note on Tuesday. They issued an “accumulate” rating and a $88.00 price objective for the company. Oppenheimer Holdings, Inc. set a $100.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. BMO Capital Markets reissued a “buy” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research note on Thursday, July 20th. Stifel Nicolaus reissued a “buy” rating and issued a $87.00 price objective on shares of Lowe’s Companies in a research note on Friday, July 21st. Finally, BTIG Research reaffirmed a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $85.32.
Shares of Lowe’s Companies (NYSE:LOW) traded down 0.49% on Friday, reaching $81.86. The company had a trading volume of 4,074,342 shares. 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 $77.10 and its 200 day moving average is $79.44. The firm has a market capitalization of $68.17 billion, a price-to-earnings ratio of 23.24 and a beta of 1.07.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS. On average, equities analysts anticipate that Lowe’s Companies will post $4.50 EPS for the current year.
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In other news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the sale, the insider now directly owns 8,400 shares in the company, valued at $655,368. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $78.30, for a total transaction of $614,889.90. Following the sale, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
Several large investors have recently bought and sold shares of LOW. BlackRock Inc. lifted its stake in shares of Lowe’s Companies by 1,757.3% during 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 period. Norges Bank acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth $629,808,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth $526,087,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Lowe’s Companies during the third quarter worth $435,695,000. Finally, OppenheimerFunds Inc. lifted its stake in shares of Lowe’s Companies by 204.0% during 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 period. Institutional investors and hedge funds own 74.22% of the company’s stock.
Lowe’s Companies Company Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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