Lowe’s Companies (LOW) Research Coverage Started at Guggenheim
Equities research analysts at Guggenheim assumed coverage on shares of Lowe’s Companies (NYSE:LOW) in a report released on Tuesday, The Fly reports. The firm set a “buy” rating on the home improvement retailer’s stock.
Other research analysts have also recently issued reports about the stock. Gordon Haskett initiated coverage on shares of Lowe’s Companies in a report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price objective for the company. BTIG Research reiterated a “buy” rating and set a $95.00 price objective on shares of Lowe’s Companies in a report on Friday, August 18th. Longbow Research reiterated a “buy” rating and set a $95.00 price objective on shares of Lowe’s Companies in a report on Monday, August 14th. Oppenheimer set a $100.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Deutsche Bank cut their price target on shares of Lowe’s Companies from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $87.40.
Shares of Lowe’s Companies (NYSE:LOW) traded down $0.55 during midday trading on Tuesday, hitting $84.99. 7,125,633 shares of the stock were exchanged, compared to its average volume of 5,985,499. The firm has a market capitalization of $71,027.50, a PE ratio of 18.98, a P/E/G ratio of 1.37 and a beta of 1.15. Lowe’s Companies has a 52-week low of $70.49 and a 52-week high of $88.55. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12.
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 (EPS) for the quarter, beating 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 net margin of 5.16% and a return on equity of 66.27%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. research analysts forecast that Lowe’s Companies will post 4.51 EPS for the current year.
In other news, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the sale, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of the business’s 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 sale, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The disclosure for this sale can be found here. In the last three months, insiders sold 13,303 shares of company stock worth $1,047,406. Insiders own 0.11% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Harbour Capital Advisors LLC bought a new stake in Lowe’s Companies during the 1st quarter worth approximately $103,000. Atlantic Trust LLC bought a new stake in Lowe’s Companies during the 2nd quarter worth approximately $105,000. State of Alaska Department of Revenue increased its holdings in Lowe’s Companies by 8.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after acquiring an additional 110 shares during the period. Balentine LLC bought a new stake in Lowe’s Companies during the 1st quarter worth approximately $120,000. Finally, Proficio Capital Partners LLC increased its holdings in Lowe’s Companies by 140.4% during the 1st quarter. Proficio Capital Partners LLC now owns 1,589 shares of the home improvement retailer’s stock worth $127,000 after acquiring an additional 928 shares during the period. 73.40% of the stock is currently owned by institutional investors.
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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.