BTIG Research Increases Lowe's Companies (LOW) Price Target to $115.00

Lowe's Companies (NYSE:LOW) had its price objective raised by investment analysts at BTIG Research to $115.00 in a research note issued on Friday, The Fly reports. The firm presently has a “buy” rating on the home improvement retailer’s stock. BTIG Research’s target price indicates a potential upside of 13.46% from the stock’s current price.

Several other research analysts also recently weighed in on LOW. Stifel Nicolaus restated a “buy” rating and issued a $103.00 target price on shares of Lowe's Companies in a research note on Friday, December 22nd. Consumer Edge upgraded shares of Lowe's Companies from a “neutral” rating to an “outperform” rating in a research note on Tuesday. Jefferies Group restated a “hold” rating and issued a $75.00 target price on shares of Lowe's Companies in a research note on Thursday, September 28th. Piper Jaffray Companies restated a “hold” rating and issued a $80.00 target price on shares of Lowe's Companies in a research note on Friday, September 29th. Finally, Gordon Haskett began coverage on shares of Lowe's Companies in a research note on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 target price for the company. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $90.28.

Shares of Lowe's Companies (LOW) opened at $101.36 on Friday. Lowe's Companies has a 52-week low of $70.76 and a 52-week high of $105.60. The stock has a market cap of $84,100.00, a price-to-earnings ratio of 24.37, a PEG ratio of 1.53 and a beta of 1.14. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71.

Lowe's Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.03. The company had revenue of $16.77 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share. research analysts forecast that Lowe's Companies will post 4.52 EPS for the current fiscal year.

In other news, insider Nelson B. Peace sold 3,352 shares of the firm’s 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 transaction, the insider now directly owns 4,650 shares in the company, valued at approximately $372,930. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.11% of the company’s stock.

Several institutional investors have recently bought and sold shares of LOW. CWM LLC increased its holdings in shares of Lowe's Companies by 0.3% in the 2nd quarter. CWM LLC now owns 1,264 shares of the home improvement retailer’s stock worth $100,000 after acquiring an additional 4 shares during the period. North Star Investment Management Corp. increased its holdings in shares of Lowe's Companies by 20.0% in the 3rd quarter. North Star Investment Management Corp. now owns 1,380 shares of the home improvement retailer’s stock worth $100,000 after acquiring an additional 230 shares during the period. Mycio Wealth Partners LLC increased its holdings in shares of Lowe's Companies by 5.4% in the 3rd quarter. Mycio Wealth Partners LLC now owns 1,385 shares of the home improvement retailer’s stock worth $100,000 after acquiring an additional 71 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of Lowe's Companies by 0.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after acquiring an additional 5 shares during the period. Finally, Washington Trust Bank increased its holdings in shares of Lowe's Companies by 27.4% in the 1st quarter. Washington Trust Bank now owns 1,238 shares of the home improvement retailer’s stock worth $102,000 after acquiring an additional 266 shares during the period. Institutional investors own 73.13% of the company’s stock.

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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.

The Fly

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