Lowe's Companies (NYSE:LOW) received a $115.00 price target from analysts at Morgan Stanley in a research report issued on Monday. The firm presently has a “buy” rating on the home improvement retailer’s stock. Morgan Stanley’s target price would indicate a potential upside of 7.37% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the company. Royal Bank of Canada reissued a “buy” rating and issued a $84.00 price target on shares of Lowe's Companies in a research report on Tuesday, November 7th. Zacks Investment Research raised Lowe's Companies from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Wednesday, November 1st. Credit Suisse Group set a $88.00 price target on Lowe's Companies and gave the company a “hold” rating in a research report on Friday, November 24th. Deutsche Bank reissued a “buy” rating and issued a $90.00 price target (up from $85.00) on shares of Lowe's Companies in a research report on Friday, October 6th. Finally, KeyCorp assumed coverage on Lowe's Companies in a research report on Monday, November 6th. They issued an “overweight” rating and a $98.00 price target for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $91.45.
Lowe's Companies (NYSE:LOW) traded up $2.16 during trading on Monday, hitting $107.11. The stock had a trading volume of 6,935,605 shares, compared to its average volume of 6,545,723. Lowe's Companies has a one year low of $70.76 and a one year high of $105.60. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. The firm has a market capitalization of $88,880.00, a P/E ratio of 25.75, a P/E/G ratio of 1.57 and a beta of 1.14.
Lowe's Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $16.77 billion for 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 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 business earned $0.88 EPS. equities research analysts predict 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 business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now directly owns 4,650 shares of the company’s stock, valued at $372,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Texan Capital Management boosted its holdings in Lowe's Companies by 26.6% in the second quarter. Texan Capital Management now owns 29,944 shares of the home improvement retailer’s stock worth $2,322,000 after acquiring an additional 6,294 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Lowe's Companies by 510.8% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 141,693 shares of the home improvement retailer’s stock valued at $10,985,000 after purchasing an additional 118,495 shares in the last quarter. Horrell Capital Management Inc. lifted its holdings in shares of Lowe's Companies by 2.5% during the second quarter. Horrell Capital Management Inc. now owns 28,087 shares of the home improvement retailer’s stock valued at $2,178,000 after purchasing an additional 681 shares in the last quarter. Eqis Capital Management Inc. bought a new position in shares of Lowe's Companies during the second quarter valued at $234,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Lowe's Companies by 1.0% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 26,496 shares of the home improvement retailer’s stock valued at $2,054,000 after purchasing an additional 275 shares in the last quarter. Institutional investors own 72.48% 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.