Lowe’s Companies, Inc. (NYSE:LOW)‘s stock had its “hold” rating reiterated by analysts at BMO Capital Markets in a report issued on Thursday. They currently have a $82.00 price target on the home improvement retailer’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 2.56% from the stock’s previous close.

LOW has been the subject of several other research reports. Deutsche Bank AG restated a “buy” rating and set a $90.00 price target (up previously from $85.00) on shares of Lowe’s Companies in a research report on Friday, October 6th. Longbow Research restated a “buy” rating and set a $95.00 price target on shares of Lowe’s Companies in a research report on Monday, August 14th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub upgraded shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group restated an “outperform” rating and set a $94.00 price target on shares of Lowe’s Companies in a research report on Monday, August 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $85.40.

Lowe’s Companies (NYSE:LOW) last posted its earnings results 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 return on equity of 62.02% and a net margin of 4.51%. The firm had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.58 billion. During the same period in the previous year, the company earned $1.37 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year.

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In related news, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 8,400 shares of the company’s stock, valued at approximately $655,368. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. CWM LLC boosted its position in shares of Lowe’s Companies by 0.3% during the 2nd quarter. CWM LLC now owns 1,264 shares of the home improvement retailer’s stock worth $100,000 after purchasing an additional 4 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of Lowe’s Companies by 0.4% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after purchasing an additional 5 shares during the period. Guardian Life Insurance Co. of America boosted its position in shares of Lowe’s Companies by 0.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock worth $275,000 after purchasing an additional 13 shares during the period. Oakworth Capital Inc. boosted its position in shares of Lowe’s Companies by 0.5% during the 3rd quarter. Oakworth Capital Inc. now owns 3,311 shares of the home improvement retailer’s stock worth $239,000 after purchasing an additional 15 shares during the period. Finally, Winfield Associates Inc. boosted its position in shares of Lowe’s Companies by 0.6% during the 1st quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after purchasing an additional 15 shares during the period. 74.36% of the stock is owned by hedge funds and other institutional investors.

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.

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

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