UBS Group Trims Lowe’s Companies (LOW) Target Price to $115.00

Lowe’s Companies (NYSE:LOW) had its price target reduced by UBS Group from $125.00 to $115.00 in a research report released on Thursday, BenzingaRatingsTable reports. UBS Group currently has a buy rating on the home improvement retailer’s stock.

Other equities analysts also recently issued reports about the stock. Morgan Stanley boosted their target price on shares of Lowe’s Companies from $115.00 to $123.00 and gave the stock an overweight rating in a report on Monday, April 15th. ValuEngine downgraded shares of Lowe’s Companies from a buy rating to a hold rating in a report on Thursday. Wedbush decreased their price objective on shares of Lowe’s Companies from $110.00 to $105.00 and set a neutral rating on the stock in a report on Thursday. Wells Fargo & Co reiterated a buy rating on shares of Lowe’s Companies in a report on Friday, May 10th. Finally, Robert W. Baird reiterated an outperform rating and issued a $127.00 price objective (down from $133.00) on shares of Lowe’s Companies in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $113.35.

LOW traded up $0.15 during trading on Thursday, reaching $94.95. 1,836,664 shares of the stock were exchanged, compared to its average volume of 3,718,889. The company has a market cap of $75.49 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.30 and a beta of 1.26. Lowe’s Companies has a twelve month low of $84.75 and a twelve month high of $118.23. The company has a current ratio of 0.98, a quick ratio of 0.11 and a debt-to-equity ratio of 3.95.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.11). The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.65 billion. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. Lowe’s Companies’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. As a group, research analysts forecast that Lowe’s Companies will post 6.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $1.92 annualized dividend and a yield of 2.02%. Lowe’s Companies’s dividend payout ratio is 37.35%.

A number of institutional investors and hedge funds have recently bought and sold shares of LOW. North Star Investment Management Corp. increased its holdings in Lowe’s Companies by 2.4% during the 1st quarter. North Star Investment Management Corp. now owns 3,796 shares of the home improvement retailer’s stock worth $416,000 after purchasing an additional 90 shares during the period. Arlington Partners LLC grew its stake in Lowe’s Companies by 7.6% during the 1st quarter. Arlington Partners LLC now owns 1,301 shares of the home improvement retailer’s stock worth $142,000 after buying an additional 92 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in Lowe’s Companies by 4.8% during the 1st quarter. Flagship Harbor Advisors LLC now owns 2,015 shares of the home improvement retailer’s stock worth $220,000 after buying an additional 93 shares during the last quarter. Bailard Inc. grew its stake in Lowe’s Companies by 3.6% during the 1st quarter. Bailard Inc. now owns 2,764 shares of the home improvement retailer’s stock worth $303,000 after buying an additional 95 shares during the last quarter. Finally, Naples Global Advisors LLC grew its stake in Lowe’s Companies by 3.4% during the 1st quarter. Naples Global Advisors LLC now owns 3,054 shares of the home improvement retailer’s stock worth $334,000 after buying an additional 99 shares during the last quarter. 75.53% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Company Profile

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

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