Lowe’s Companies, Inc. (NYSE:LOW) had its price objective hoisted by analysts at Telsey Advisory Group from $79.00 to $83.00 in a research report issued on Wednesday, Marketbeat.com reports. The firm currently has an “outperform” rating on the home improvement retailer’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 4.32% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Gordon Haskett started coverage on Lowe’s Companies in a research note on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price target on the stock. Oppenheimer Holdings, Inc. set a $100.00 price target on Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Deutsche Bank AG cut their target price on Lowe’s Companies from $92.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, August 24th. Credit Suisse Group set a $83.00 target price on Lowe’s Companies and gave the company a “buy” rating in a research note on Thursday, August 24th. Finally, Robert W. Baird set a $87.00 target price on Lowe’s Companies and gave the company a “buy” rating in a research note on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.97.

Shares of Lowe’s Companies (NYSE LOW) traded down $1.03 during trading on Wednesday, hitting $79.56. The stock had a trading volume of 7,000,726 shares, compared to its average volume of 5,848,641. The stock has a market capitalization of $66,260.00, a price-to-earnings ratio of 18.77, a P/E/G ratio of 1.31 and a beta of 1.13. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.19 and a current ratio of 1.03. Lowe’s Companies has a 1 year low of $69.92 and a 1 year high of $86.25.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating the consensus estimate of $1.02 by $0.03. The firm had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. research analysts forecast that Lowe’s Companies will post 4.5 earnings per share for the current year.

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In other news, SVP Matthew V. Hollifield sold 7,853 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Several hedge funds have recently made changes to their positions in LOW. Steward Partners Investment Advisory LLC purchased a new stake in shares of Lowe’s Companies during the third quarter worth approximately $930,000. First Fiduciary Investment Counsel Inc. increased its position in shares of Lowe’s Companies by 6.0% during the third quarter. First Fiduciary Investment Counsel Inc. now owns 262,571 shares of the home improvement retailer’s stock worth $20,990,000 after purchasing an additional 14,890 shares in the last quarter. Coastline Trust Co increased its position in shares of Lowe’s Companies by 25.3% during the third quarter. Coastline Trust Co now owns 10,585 shares of the home improvement retailer’s stock worth $846,000 after purchasing an additional 2,135 shares in the last quarter. Smith Shellnut Wilson LLC ADV increased its position in shares of Lowe’s Companies by 14.7% during the third quarter. Smith Shellnut Wilson LLC ADV now owns 25,202 shares of the home improvement retailer’s stock worth $2,015,000 after purchasing an additional 3,235 shares in the last quarter. Finally, Moors & Cabot Inc. increased its position in shares of Lowe’s Companies by 35.7% during the third quarter. Moors & Cabot Inc. now owns 16,672 shares of the home improvement retailer’s stock worth $1,332,000 after purchasing an additional 4,385 shares in the last quarter. 74.00% of the stock is owned by institutional investors and hedge funds.

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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