Lowe’s Companies (NYSE:LOW) Price Target Increased to $105.00 by Analysts at Loop Capital

Lowe’s Companies (NYSE:LOW) had its price objective increased by Loop Capital to $105.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage currently has a “hold” rating on the home improvement retailer’s stock. Loop Capital’s target price would indicate a potential downside of 2.92% from the company’s previous close.

LOW has been the topic of several other reports. Telsey Advisory Group increased their price objective on Lowe’s Companies from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday. Wedbush reiterated a “neutral” rating and issued a $115.00 price objective (up from $105.00) on shares of Lowe’s Companies in a research note on Thursday. Wells Fargo & Co reiterated an “outperform” rating and issued a $125.00 price objective (up from $110.00) on shares of Lowe’s Companies in a research note on Thursday. UBS Group reduced their price objective on Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Finally, Barclays increased their price objective on Lowe’s Companies from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, June 24th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $116.08.

NYSE:LOW opened at $108.16 on Thursday. The company has a quick ratio of 0.24, a current ratio of 1.09 and a debt-to-equity ratio of 6.37. The stock’s fifty day moving average is $101.62 and its two-hundred day moving average is $103.69. Lowe’s Companies has a 52 week low of $84.75 and a 52 week high of $118.23. The stock has a market capitalization of $74.42 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 1.25 and a beta of 1.36.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The company had revenue of $20.99 billion for the quarter, compared to analysts’ expectations of $20.96 billion. During the same period in the prior year, the firm earned $2.07 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. On average, sell-side analysts expect that Lowe’s Companies will post 5.58 EPS for the current fiscal year.

In other Lowe’s Companies news, EVP Donald Frieson purchased 2,030 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were bought at an average cost of $98.69 per share, for a total transaction of $200,340.70. Following the completion of the purchase, 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 at this hyperlink. 0.07% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of LOW. Nuveen Asset Management LLC raised its stake in Lowe’s Companies by 6,680.1% in the second quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock valued at $636,989,000 after buying an additional 6,219,346 shares in the last quarter. Viking Global Investors LP acquired a new stake in Lowe’s Companies in the second quarter valued at $139,358,000. Prudential PLC raised its stake in Lowe’s Companies by 456.1% in the second quarter. Prudential PLC now owns 1,222,183 shares of the home improvement retailer’s stock valued at $123,440,000 after buying an additional 1,002,390 shares in the last quarter. Boston Partners raised its stake in Lowe’s Companies by 20.3% in the first quarter. Boston Partners now owns 4,900,149 shares of the home improvement retailer’s stock valued at $536,420,000 after buying an additional 826,414 shares in the last quarter. Finally, Eaton Vance Management grew its holdings in shares of Lowe’s Companies by 49.9% during the second quarter. Eaton Vance Management now owns 2,366,912 shares of the home improvement retailer’s stock worth $238,844,000 after purchasing an additional 788,392 shares during the last quarter. Institutional investors own 75.85% 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.

Further Reading: Marijuana Stocks Investing Considerations

The Fly

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.