Lowe’s Companies, Inc. (NYSE:LOW) had its price target boosted by analysts at Stifel Nicolaus from $87.00 to $93.00 in a note issued to investors on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the home improvement retailer’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 14.12% from the stock’s previous close.

LOW has been the topic of a number of other reports. BidaskClub upgraded shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies reiterated a “hold” rating and set a $80.00 price objective on shares of Lowe’s Companies in a research note on Friday, September 29th. Robert W. Baird set a $87.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Friday, August 11th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $80.00 price objective on shares of Lowe’s Companies in a research note on Friday, November 10th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company. Lowe’s Companies currently has a consensus rating of “Hold” and a consensus target price of $85.85.

Shares of Lowe’s Companies (LOW) traded up $0.04 during mid-day trading on Tuesday, reaching $81.49. 9,590,000 shares of the company’s stock were exchanged, compared to its average volume of 5,570,000. 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 company has a market cap of $67,870.00, a P/E ratio of 18.48, a P/E/G ratio of 1.29 and a beta of 1.13. Lowe’s Companies has a twelve month low of $68.83 and a twelve month high of $86.25.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.01. The business had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS. analysts expect that Lowe’s Companies will post 4.5 earnings per share for the current fiscal year.

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In other news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the sale, the insider now owns 8,400 shares in the company, valued at $655,368. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the sale, the senior vice president now owns 30,750 shares in the company, valued at approximately $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of LOW. Leavell Investment Management Inc. lifted its stake in shares of Lowe’s Companies by 0.3% in the fourth quarter. Leavell Investment Management Inc. now owns 30,503 shares of the home improvement retailer’s stock worth $2,319,000 after buying an additional 100 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Lowe’s Companies by 19.8% in the fourth quarter. Nordea Investment Management AB now owns 471,355 shares of the home improvement retailer’s stock worth $35,842,000 after buying an additional 77,848 shares in the last quarter. 1st Global Advisors Inc. lifted its stake in shares of Lowe’s Companies by 3.6% in the fourth quarter. 1st Global Advisors Inc. now owns 10,815 shares of the home improvement retailer’s stock worth $822,000 after buying an additional 378 shares in the last quarter. Packer & Co Ltd purchased a new position in shares of Lowe’s Companies in the fourth quarter worth about $40,575,000. Finally, Piedmont Investment Advisors LLC lifted its stake in shares of Lowe’s Companies by 0.9% in the fourth quarter. Piedmont Investment Advisors LLC now owns 210,145 shares of the home improvement retailer’s stock worth $15,979,000 after buying an additional 1,858 shares in the last quarter. 74.00% of the stock is currently 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.

The Fly

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

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