Lowe’s Companies (LOW) Earns Buy Rating from Analysts at Guggenheim

Guggenheim assumed coverage on shares of Lowe’s Companies (NYSE:LOW) in a report issued on Tuesday, Marketbeat reports. The firm issued a buy rating and a $95.00 price objective on the home improvement retailer’s stock.

Several other analysts also recently commented on the company. Moffett Nathanson assumed coverage on Lowe’s Companies in a research note on Monday, December 4th. They set a buy rating on the stock. Atlantic Securities downgraded Lowe’s Companies from an overweight rating to a neutral rating and set a $92.00 price objective on the stock. in a research note on Tuesday, November 28th. Raymond James Financial raised Lowe’s Companies from a market perform rating to an outperform rating and set a $87.00 price objective on the stock in a research note on Monday, November 27th. UBS raised Lowe’s Companies from a market perform rating to an outperform rating in a research note on Monday, November 27th. Finally, Credit Suisse Group set a $88.00 price objective on Lowe’s Companies and gave the stock a hold rating in a research note on Friday, November 24th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have issued a buy rating to the company’s stock. Lowe’s Companies presently has a consensus rating of Hold and a consensus price target of $87.66.

Lowe’s Companies (NYSE:LOW) traded down $0.02 during trading hours on Tuesday, hitting $85.58. The stock had a trading volume of 3,908,500 shares, compared to its average volume of 5,976,761. Lowe’s Companies has a 1-year low of $70.49 and a 1-year high of $88.55. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. The company has a market cap of $71,027.50, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.29 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results 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. The business had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $0.88 EPS. sell-side analysts predict that Lowe’s Companies will post 4.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio is 39.33%.

In related news, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies 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 sale, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies 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 sale, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The disclosure for this sale can be found here. Insiders sold a total of 13,303 shares of company stock worth $1,047,406 in the last three months. Company insiders own 0.11% of the company’s stock.

Several large investors have recently added to or reduced their stakes in LOW. Bernicke Wealth Management Ltd. acquired a new stake in shares of Lowe’s Companies in the first quarter valued at about $280,000. Peak Asset Management LLC increased its position in shares of Lowe’s Companies by 1.6% in the first quarter. Peak Asset Management LLC now owns 10,635 shares of the home improvement retailer’s stock valued at $874,000 after acquiring an additional 170 shares during the last quarter. Homrich & Berg acquired a new stake in shares of Lowe’s Companies in the first quarter valued at about $215,000. TIAA CREF Investment Management LLC grew its holdings in Lowe’s Companies by 16.4% during the first quarter. TIAA CREF Investment Management LLC now owns 4,697,280 shares of the home improvement retailer’s stock worth $386,163,000 after purchasing an additional 660,974 shares during the period. Finally, Bridgewater Associates LP grew its holdings in Lowe’s Companies by 2.1% during the first quarter. Bridgewater Associates LP now owns 19,612 shares of the home improvement retailer’s stock worth $1,612,000 after purchasing an additional 412 shares during the period. 73.40% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.dispatchtribunal.com/2017/12/15/lowes-companies-low-earns-buy-rating-from-analysts-at-guggenheim.html.

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)

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.

Leave a Reply