Lowe's Companies (NYSE:LOW) had its price objective increased by investment analysts at BTIG Research to $115.00 in a note issued to investors on Friday, January 19th. The firm currently has a “buy” rating on the home improvement retailer’s stock. BTIG Research’s target price indicates a potential upside of 18.64% from the company’s current price.
Other analysts have also recently issued research reports about the company. Gordon Haskett started coverage on Lowe's Companies in a research report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price objective for the company. Royal Bank of Canada reiterated a “buy” rating and set a $84.00 price objective on shares of Lowe's Companies in a research report on Tuesday, November 7th. Deutsche Bank reiterated a “buy” rating and set a $90.00 price objective (up previously from $85.00) on shares of Lowe's Companies in a research report on Friday, October 6th. Zacks Investment Research upgraded Lowe's Companies from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Wednesday, November 1st. Finally, Robert W. Baird set a $87.00 price target on Lowe's Companies and gave the company a “buy” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have assigned a buy rating to the company. Lowe's Companies currently has a consensus rating of “Buy” and a consensus price target of $96.35.
Lowe's Companies (NYSE:LOW) traded up $0.87 during trading on Friday, reaching $96.93. The company’s stock had a trading volume of 8,395,774 shares, compared to its average volume of 6,440,000. Lowe's Companies has a 12 month low of $70.76 and a 12 month high of $108.98. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $80,430.00, a P/E ratio of 23.30, a P/E/G ratio of 0.91 and a beta of 1.19.
Lowe's Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.03. The business had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 EPS. equities analysts anticipate that Lowe's Companies will post 4.53 EPS for the current fiscal year.
Lowe's Companies declared that its board has approved a stock repurchase program on Friday, January 26th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
In related news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now directly owns 4,650 shares of the company’s stock, valued at approximately $372,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Lowe's Companies by 5.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 68,518 shares of the home improvement retailer’s stock valued at $6,365,000 after purchasing an additional 3,497 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in shares of Lowe's Companies by 4.0% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 697,787 shares of the home improvement retailer’s stock valued at $64,850,000 after acquiring an additional 27,146 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $6,760,000. HBK Investments L P increased its holdings in shares of Lowe's Companies by 200.0% in the 4th quarter. HBK Investments L P now owns 657,900 shares of the home improvement retailer’s stock valued at $61,145,000 after acquiring an additional 438,600 shares during the last quarter. Finally, Premia Global Advisors LLC bought a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $265,000. 72.41% of the stock is currently owned by institutional investors.
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About Lowe's Companies
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.
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