Lowe's Companies (LOW) Upgraded by Telsey Advisory Group to Outperform

Lowe's Companies (NYSE:LOW) was upgraded by analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday. The brokerage presently has a $124.00 price target on the home improvement retailer’s stock, up from their prior price target of $83.00. Telsey Advisory Group’s price objective would indicate a potential upside of 16.19% from the stock’s current price.

Other analysts have also issued reports about the company. Gordon Haskett started coverage on Lowe's Companies in a report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price objective for the company. Royal Bank of Canada reiterated a “buy” rating and set a $84.00 price objective on shares of Lowe's Companies in a report on Tuesday, November 7th. Zacks Investment Research upgraded Lowe's Companies from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, November 1st. Robert W. Baird set a $87.00 price objective on Lowe's Companies and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, Deutsche Bank reiterated a “buy” rating and set a $90.00 price objective (up from $85.00) on shares of Lowe's Companies in a report on Friday, October 6th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $93.59.

Shares of Lowe's Companies (LOW) opened at $106.72 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. Lowe's Companies has a 1-year low of $70.76 and a 1-year high of $108.31. The stock has a market capitalization of $88,875.66, a price-to-earnings ratio of 25.59, a P/E/G ratio of 1.61 and a beta of 1.14.

Lowe's Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The business had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same period last year, the company earned $0.88 earnings per share. Lowe's Companies’s quarterly revenue was up 6.6% compared to the same quarter last year. analysts predict that Lowe's Companies will post 4.52 EPS for the current 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 stock was sold at an average price of $80.20, for a total value of $268,830.40. Following the sale, the insider now directly owns 4,650 shares of the company’s stock, valued at $372,930. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Several large investors have recently modified their holdings of the company. Alps Advisors Inc. grew its position in shares of Lowe's Companies by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock valued at $453,000 after purchasing an additional 15 shares during the last quarter. Allegis Investment Advisors LLC grew its position in shares of Lowe's Companies by 0.6% in the second quarter. Allegis Investment Advisors LLC now owns 10,176 shares of the home improvement retailer’s stock valued at $789,000 after purchasing an additional 65 shares during the last quarter. WASHINGTON TRUST Co grew its position in shares of Lowe's Companies by 1.8% in the second quarter. WASHINGTON TRUST Co now owns 4,184 shares of the home improvement retailer’s stock valued at $324,000 after purchasing an additional 75 shares during the last quarter. Progressive Investment Management Corp grew its position in shares of Lowe's Companies by 0.3% in the second quarter. Progressive Investment Management Corp now owns 27,018 shares of the home improvement retailer’s stock valued at $2,095,000 after purchasing an additional 82 shares during the last quarter. Finally, Krilogy Financial LLC grew its position in shares of Lowe's Companies by 2.4% in the second quarter. Krilogy Financial LLC now owns 3,825 shares of the home improvement retailer’s stock valued at $297,000 after purchasing an additional 91 shares during the last quarter. 72.48% of the stock is currently owned by institutional investors.

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About Lowe's Companies

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.