Lowe’s Companies’ (NYSE:LOW) “Buy” Rating Reaffirmed at Robert W. Baird

Robert W. Baird reiterated their buy rating on shares of Lowe’s Companies (NYSE:LOW) in a research note issued to investors on Wednesday, November 22nd. Robert W. Baird currently has a $92.00 price target on the home improvement retailer’s stock, up from their previous price target of $87.00.

A number of other analysts have also commented on LOW. Longbow Research reissued a buy rating and issued a $95.00 target price on shares of Lowe’s Companies in a report on Monday, August 14th. Jefferies Group reissued a hold rating and issued a $75.00 target price on shares of Lowe’s Companies in a report on Thursday, September 28th. Zacks Investment Research raised Lowe’s Companies from a hold rating to a buy rating and set a $88.00 target price for the company in a report on Friday, August 11th. Piper Jaffray Companies reissued a hold rating and issued a $80.00 target price on shares of Lowe’s Companies in a report on Friday, September 29th. Finally, Gordon Haskett assumed coverage on Lowe’s Companies in a report on Tuesday, October 3rd. They issued an accumulate rating and a $88.00 target price for the company. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $87.40.

Lowe’s Companies (LOW) opened at $83.63 on Wednesday. Lowe’s Companies has a 52-week low of $70.49 and a 52-week high of $88.55. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02. The firm has a market capitalization of $69,290.00, a P/E ratio of 19.14, a P/E/G ratio of 1.38 and a beta of 1.14.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. equities analysts forecast that Lowe’s Companies will post 4.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 1.96%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.42%.

In other news, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the transaction, the senior vice president now directly owns 30,750 shares in the company, valued at $2,407,725. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now owns 8,400 shares in the company, valued at $655,368. The disclosure for this sale can be found here. Insiders sold 13,303 shares of company stock worth $1,047,406 over the last 90 days. Company insiders own 0.11% of the company’s stock.

Several hedge funds have recently modified their holdings of LOW. SRS Capital Advisors Inc. increased its stake in Lowe’s Companies by 0.4% during the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after acquiring an additional 5 shares during the last quarter. Guardian Life Insurance Co. of America grew its stake in shares of Lowe’s Companies by 0.4% during the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock valued at $275,000 after buying an additional 13 shares during the last quarter. Winfield Associates Inc. grew its stake in shares of Lowe’s Companies by 0.6% during the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock valued at $196,000 after buying an additional 15 shares during the last quarter. Modera Wealth Management LLC grew its stake in shares of Lowe’s Companies by 0.3% during the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock valued at $405,000 after buying an additional 15 shares during the last quarter. Finally, Alps Advisors Inc. grew its stake in shares of Lowe’s Companies by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock valued at $453,000 after buying an additional 15 shares during the last quarter. 73.29% of the stock is currently owned by hedge funds and other institutional investors.

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Lowe’s Companies Company Profile

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.

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

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