Lowe’s Companies, Inc. (NYSE:LOW) has been assigned an average recommendation of “Hold” from the twenty-seven research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $85.21.

Several equities analysts have issued reports on LOW shares. Sanford C. Bernstein restated an “underperform” rating and issued a $69.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, July 12th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BMO Capital Markets restated a “buy” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research note on Thursday, July 20th. Jefferies Group LLC restated a “hold” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research note on Friday, July 21st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $87.00 price objective on shares of Lowe’s Companies in a research note on Friday, July 21st.

Shares of Lowe’s Companies (NYSE:LOW) traded down 0.44% during mid-day trading on Wednesday, reaching $80.75. The company’s stock had a trading volume of 3,896,176 shares. The stock has a market capitalization of $67.25 billion, a price-to-earnings ratio of 22.93 and a beta of 1.07. Lowe’s Companies has a 52 week low of $64.87 and a 52 week high of $86.25. The company’s 50-day moving average is $78.58 and its 200-day moving average is $79.37.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. During the same quarter in the prior year, the company earned $1.37 EPS. The business’s 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 year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Investors 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 dividend on an annualized basis and a yield of 2.03%. Lowe’s Companies’s payout ratio is currently 46.20%.

In related news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the completion of the sale, the senior vice president now owns 30,750 shares in the company, valued at $2,407,725. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction dated 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 owns 8,400 shares of the company’s stock, valued at approximately $655,368. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in LOW. SRS Capital Advisors Inc. increased its holdings in Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 5 shares in the last quarter. Guardian Life Insurance Co. of America increased its holdings in Lowe’s Companies by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock valued at $275,000 after buying an additional 13 shares in the last quarter. Winfield Associates Inc. increased its holdings in Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock valued at $196,000 after buying an additional 15 shares in the last quarter. Modera Wealth Management LLC increased its holdings in Lowe’s Companies by 0.3% in the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock valued at $405,000 after buying an additional 15 shares in the last quarter. Finally, Alps Advisors Inc. increased its holdings in Lowe’s Companies by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock valued at $453,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 74.11% of the company’s stock.

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About Lowe’s Companies

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.

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

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