Shares of Lowe’s Companies, Inc. (NYSE:LOW) have been given an average recommendation of “Hold” by the thirty-one research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $87.08.

LOW has been the subject of a number of analyst reports. Zacks Investment Research upgraded Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. J P Morgan Chase & Co restated a “neutral” rating and set a $83.00 price objective (down from $89.00) on shares of Lowe’s Companies in a research note on Thursday, August 24th. BMO Capital Markets restated a “hold” rating and set a $82.00 price objective on shares of Lowe’s Companies in a research note on Thursday, November 2nd. Raymond James Financial upgraded Lowe’s Companies from a “market perform” rating to an “outperform” rating and set a $87.00 price objective for the company in a research note on Monday, November 27th. Finally, Longbow Research restated a “buy” rating and set a $95.00 price objective on shares of Lowe’s Companies in a research note on Monday, August 14th.

Lowe’s Companies (NYSE:LOW) traded down $3.91 on Thursday, hitting $82.40. The stock had a trading volume of 12,291,000 shares, compared to its average volume of 5,951,254. Lowe’s Companies has a fifty-two week low of $70.49 and a fifty-two week high of $88.55. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71. The company has a market cap of $71,616.63, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS. equities analysts forecast that Lowe’s Companies will post 4.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.33%.

In other news, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the transaction, the insider now directly owns 4,650 shares in the company, valued at $372,930. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,303 shares of company stock valued at $1,047,406. 0.11% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Lowe’s Companies by 40.3% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,144,020 shares of the home improvement retailer’s stock worth $1,210,613,000 after acquiring an additional 4,351,830 shares during the period. Shelton Capital Management grew its holdings in Lowe’s Companies by 63.1% during the third quarter. Shelton Capital Management now owns 68,732 shares of the home improvement retailer’s stock worth $5,494,000 after acquiring an additional 26,600 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in Lowe’s Companies during the third quarter worth about $930,000. First Fiduciary Investment Counsel Inc. grew its holdings in 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 acquiring an additional 14,890 shares during the period. Finally, Coastline Trust Co grew its holdings in 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 acquiring an additional 2,135 shares during the period. 73.29% of the stock is currently owned by institutional investors and hedge funds.

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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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