Brokerages Set Lowe’s Companies, Inc. (NYSE:LOW) Target Price at $112.73

Shares of Lowe’s Companies, Inc. (NYSE:LOW) have earned an average rating of “Buy” from the twenty-seven brokerages that are presently covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $112.73.

A number of equities analysts recently commented on LOW shares. UBS Group lowered their target price on shares of Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Cfra reiterated a “hold” rating and set a $105.00 target price on shares of Lowe’s Companies in a research note on Friday, June 14th. Zacks Investment Research upgraded shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. Robert W. Baird reiterated an “outperform” rating and set a $127.00 target price (down previously from $133.00) on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Finally, Barclays boosted their target price on shares of Lowe’s Companies from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, June 24th.

In related news, EVP Donald Frieson purchased 2,030 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, June 19th. The stock was purchased at an average cost of $98.69 per share, with a total value of $200,340.70. Following the completion of the transaction, the executive vice president now directly owns 10,980 shares in the company, valued at $1,083,616.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marvin R. Ellison bought 10,000 shares of Lowe’s Companies stock in a transaction dated Friday, May 24th. The stock was acquired at an average cost of $95.05 per share, with a total value of $950,500.00. Following the completion of the acquisition, the insider now directly owns 80,090 shares of the company’s stock, valued at approximately $7,612,554.50. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 12,280 shares of company stock valued at $1,174,566. 0.07% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in LOW. Advisors Preferred LLC purchased a new stake in shares of Lowe’s Companies in the first quarter valued at about $26,000. Icon Wealth Partners LLC purchased a new stake in shares of Lowe’s Companies in the first quarter valued at about $26,000. Next Capital Management LLC purchased a new stake in shares of Lowe’s Companies in the second quarter valued at about $27,000. Weaver Consulting Group purchased a new stake in shares of Lowe’s Companies in the first quarter valued at about $28,000. Finally, Prime Capital Investment Advisors LLC purchased a new stake in shares of Lowe’s Companies in the first quarter valued at about $33,000. 76.67% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:LOW traded up $0.88 during trading on Tuesday, hitting $97.92. The company’s stock had a trading volume of 4,044,027 shares, compared to its average volume of 4,739,826. The firm’s 50 day simple moving average is $102.42. The stock has a market cap of $75.97 billion, a P/E ratio of 19.05, a PEG ratio of 1.29 and a beta of 1.36. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.09 and a quick ratio of 0.24. Lowe’s Companies has a fifty-two week low of $84.75 and a fifty-two week high of $118.23.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.11). The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.65 billion. Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS. On average, equities analysts predict that Lowe’s Companies will post 5.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.48. This represents a $2.20 dividend on an annualized basis and a yield of 2.25%. Lowe’s Companies’s payout ratio is 42.80%.

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.

Featured Article: Understanding debt-to-equity ratio in fundamental analysis

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

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.