Several brokerages have updated their recommendations and price targets on shares of Lowe’s Companies (NYSE: LOW) in the last few weeks:

  • 11/10/2017 – Lowe’s Companies had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $80.00 price target on the stock.
  • 11/7/2017 – Lowe’s Companies had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $84.00 price target on the stock.
  • 11/7/2017 – 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 slid and underperformed the industry in the past six months. In fact, the stock came under pressure after it posted lower-than-expected second-quarter fiscal 2017 results. This was the second quarter in row wherein both the top and bottom lines fell short of the estimate. Nevertheless, both sales and earnings grew year over year, albeit at a rate lower than the preceding quarter. However, comps showed considerable improvement. We believe Lowe’s buyout of Maintenance Supply Headquarters will help strengthen relationship with pro customers. Further, improving job scenario, housing market recovery, merchandising initiatives and post hurricane construction activities along with efforts to enhance omni-channel capabilities bode well. Management expects sales to increase 5% with comps growth of 3.5% during fiscal 2017 but took a conservative stance when it comes to earnings per share and operating margin guidance.”
  • 11/6/2017 – Lowe’s Companies is now covered by analysts at KeyCorp. They set an “overweight” rating and a $98.00 price target on the stock.
  • 11/2/2017 – Lowe’s Companies had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $82.00 price target on the stock.
  • 11/1/2017 – Lowe’s Companies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $90.00 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 second-quarter fiscal 2017, its efforts towards increasing pro-customers base might help drive the stock going forward. Moreover, both sales and earnings grew year over year during the quarter. Comparable sales also showed considerable improvement. Further, improving job scenario, housing market recovery, merchandising initiatives and post hurricane construction activities along with efforts to enhance omni-channel capabilities bode well. Management expects sales to increase 5% with comparable sales growth of 3.5% during fiscal 2017 but took a conservative stance when it comes to earnings per share and operating margin guidance. We note estimates have been stable lately ahead of the company’s third quarter earnings release.”
  • 10/31/2017 – Lowe’s Companies was given a new $87.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 10/30/2017 – Lowe’s Companies was given a new $81.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 10/24/2017 – Lowe’s Companies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Lowe’s shares have slid and underperformed the industry in the past six months. In fact, the stock came under pressure after it posted lower-than-expected second-quarter fiscal 2017 results. This was the second quarter in row wherein both the top and bottom lines fell short of the estimate. Nevertheless, both sales and earnings grew year over year, albeit at a rate lower than the preceding quarter. However, comps showed considerable improvement. We believe Lowe’s buyout of Maintenance Supply Headquarters will help strengthen relationship with pro customers. Further, improving job scenario, housing market recovery, merchandising initiatives and post hurricane construction activities along with efforts to enhance omni-channel capabilities bode well. Management expects sales to increase 5% with comps growth of 3.5% during fiscal 2017 but took a conservative stance when it comes to earnings per share and operating margin guidance.”
  • 10/6/2017 – Lowe’s Companies had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $90.00 price target on the stock, up previously from $85.00.
  • 10/3/2017 – Lowe’s Companies is now covered by analysts at Gordon Haskett. They set an “accumulate” rating and a $88.00 price target on the stock.
  • 9/29/2017 – Lowe’s Companies had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $80.00 price target on the stock.
  • 9/28/2017 – Lowe’s Companies had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $75.00 price target on the stock.
  • 9/25/2017 – Lowe’s Companies had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $81.00 price target on the stock.
  • 9/21/2017 – Lowe’s Companies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Lowe’s shares have slid and underperformed the industry in the past six months. In fact, the stock came under pressure after it posted lower-than-expected second-quarter fiscal 2017 results. This was the second quarter in row wherein both the top and bottom lines fell short of the estimate. Nevertheless, both sales and earnings grew year over year, albeit at a rate lower than the preceding quarter. However, comps showed considerable improvement. We believe Lowe’s buyout of Maintenance Supply Headquarters will help strengthen relationship with pro customers. Further, improving job scenario, housing market recovery, merchandising initiatives and post hurricane construction activities along with efforts to enhance omni-channel capabilities bode well. Management expects sales to increase 5% with comps growth of 3.5% during fiscal 2017 but took a conservative stance when it comes to earnings per share and operating margin guidance.”

Shares of Lowe’s Companies, Inc. (NYSE LOW) traded up $1.70 during trading on Wednesday, reaching $79.23. 6,498,900 shares of the company’s stock traded hands, compared to its average volume of 5,802,312. Lowe’s Companies, Inc. has a 52 week low of $65.12 and a 52 week high of $86.25. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.03 and a quick ratio of 0.19. The stock has a market cap of $64,892.61, a P/E ratio of 17.86, a P/E/G ratio of 1.26 and a beta of 1.13.

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 Thomson Reuters’ 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 business 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 business posted $1.37 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. sell-side analysts anticipate that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s payout ratio is currently 46.20%.

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

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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