Lowe’s Companies, Inc. (NYSE:LOW)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank AG in a research report issued to clients and investors on Friday. They presently have a $90.00 target price on the home improvement retailer’s stock, up from their prior target price of $85.00. Deutsche Bank AG’s price target would indicate a potential upside of 9.94% from the stock’s previous close.

A number of other research analysts have also recently issued reports on LOW. Longbow Research reiterated a “buy” rating and set a $95.00 price objective on shares of Lowe’s Companies in a report on Monday, August 14th. Jefferies Group LLC reiterated a “hold” rating and set a $75.00 price objective on shares of Lowe’s Companies in a report on Thursday, September 28th. Piper Jaffray Companies reiterated a “hold” rating and set a $80.00 price objective on shares of Lowe’s Companies in a report on Friday, September 29th. Gordon Haskett assumed coverage on shares of Lowe’s Companies in a report on Tuesday. They set an “accumulate” rating and a $88.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. Lowe’s Companies currently has a consensus rating of “Hold” and a consensus target price of $85.32.

Shares of Lowe’s Companies (NYSE:LOW) traded down 0.49% during trading on Friday, reaching $81.86. 4,074,342 shares of the company were exchanged. The firm has a market cap of $68.17 billion, a price-to-earnings ratio of 23.24 and a beta of 1.07. The stock’s 50-day moving average is $77.10 and its 200-day moving average is $79.44. Lowe’s Companies has a 52-week low of $64.87 and a 52-week high of $86.25.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 earnings per share. Equities research analysts predict that Lowe’s Companies will post $4.50 earnings per share for the current fiscal year.

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In related news, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the transaction, the insider now owns 8,400 shares of the company’s stock, valued at $655,368. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

A number of large investors have recently modified their holdings of LOW. BlackRock Inc. grew its stake in Lowe’s Companies by 1,757.3% during the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after acquiring an additional 58,073,138 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Lowe’s Companies by 204.0% during the first quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock valued at $659,174,000 after acquiring an additional 5,380,759 shares in the last quarter. FMR LLC grew its stake in Lowe’s Companies by 62.6% during the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after acquiring an additional 3,732,153 shares in the last quarter. Janus Henderson Group PLC grew its stake in Lowe’s Companies by 1,457.8% during the second quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock valued at $293,669,000 after acquiring an additional 3,544,665 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Lowe’s Companies by 4.3% during the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after acquiring an additional 2,650,045 shares in the last quarter. 74.22% of the stock is owned by institutional investors.

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.

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

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