Equities research analysts at Nomura assumed coverage on shares of Lowe’s Companies (NYSE:LOW) in a research report issued to clients and investors on Friday, Benzinga’s Daily Ratings Newsletter reports. The firm set a “buy” rating and a $132.00 price target on the home improvement retailer’s stock. Nomura’s price objective points to a potential upside of 16.55% from the stock’s previous close.
Several other research analysts have also recently commented on the company. Oppenheimer raised their target price on Lowe’s Companies from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a research report on Monday, September 30th. Jefferies Financial Group set a $125.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research report on Monday, August 26th. Wells Fargo & Co raised their target price on Lowe’s Companies from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, UBS Group raised their target price on Lowe’s Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $123.20.
LOW stock traded up $0.66 during midday trading on Friday, hitting $113.26. The stock had a trading volume of 465,438 shares, compared to its average volume of 2,940,965. The firm has a market capitalization of $86.60 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 1.47 and a beta of 1.29. Lowe’s Companies has a 52 week low of $84.75 and a 52 week high of $118.23. The stock has a 50-day simple moving average of $110.68 and a 200 day simple moving average of $105.70. The company has a current ratio of 1.06, a quick ratio of 0.19 and a debt-to-equity ratio of 7.80.
Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.00 by $0.15. The firm had revenue of $20.99 billion during the quarter, compared to analysts’ expectations of $20.96 billion. Lowe’s Companies had a return on equity of 111.09% and a net margin of 3.52%. Lowe’s Companies’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $2.07 earnings per share. On average, equities analysts forecast that Lowe’s Companies will post 5.67 EPS for the current year.
In other news, EVP Jennifer L. Weber sold 12,589 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $112.62, for a total value of $1,417,773.18. Following the completion of the sale, the executive vice president now directly owns 17,440 shares in the company, valued at $1,964,092.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Matthew V. Hollifield sold 12,136 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total value of $1,363,358.24. Following the completion of the sale, the chief accounting officer now owns 28,017 shares of the company’s stock, valued at $3,147,429.78. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Lowe’s Companies during the 2nd quarter valued at about $233,000. Atwater Malick LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $26,000. Advisors Preferred LLC acquired a new stake in Lowe’s Companies in the 1st quarter valued at approximately $26,000. Icon Wealth Partners LLC acquired a new stake in Lowe’s Companies in the 1st quarter valued at approximately $26,000. Finally, Next Capital Management LLC acquired a new stake in Lowe’s Companies in the 2nd quarter valued at approximately $27,000. Institutional investors own 76.35% of the company’s stock.
About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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