Equities researchers at Gordon Haskett assumed coverage on shares of Lowe’s Companies, Inc. (NYSE:LOW) in a research report issued to clients and investors on Tuesday. The firm set an “accumulate” rating and a $88.00 price target on the home improvement retailer’s stock. Gordon Haskett’s target price would indicate a potential upside of 8.03% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Bank of America Corporation initiated coverage on Lowe’s Companies in a research report on Tuesday, September 5th. They set a “buy” rating and a $95.00 target price for the company. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $87.00 target price on shares of Lowe’s Companies in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $100.00 target price on Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG decreased their target price on Lowe’s Companies from $92.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $85.12.

Shares of Lowe’s Companies (NYSE LOW) traded up 0.767% during midday trading on Tuesday, reaching $82.085. The company had a trading volume of 969,692 shares. The stock has a market capitalization of $68.36 billion, a price-to-earnings ratio of 23.306 and a beta of 1.07. The firm’s 50 day moving average price is $76.90 and its 200-day moving average price is $79.42. Lowe’s Companies has a 1-year low of $64.87 and a 1-year high of $86.25. Lowe’s Companies also was the recipient of unusually large options trading on Monday. Stock investors purchased 6,466 put options on the company. This is an increase of 538% compared to the typical volume of 1,014 put options.

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

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In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the sale, the insider now owns 8,400 shares of the company’s stock, valued at approximately $655,368. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 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. 0.11% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Lowe’s Companies by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock worth $5,021,542,000 after acquiring an additional 897,911 shares during the period. BlackRock Inc. lifted its position in Lowe’s Companies by 1,757.3% during the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after acquiring an additional 58,073,138 shares during the period. FMR LLC lifted its position in Lowe’s Companies by 62.6% during the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after acquiring an additional 3,732,153 shares during the period. Ameriprise Financial Inc. lifted its position in Lowe’s Companies by 0.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock worth $719,560,000 after acquiring an additional 64,780 shares during the period. Finally, Geode Capital Management LLC lifted its position in Lowe’s Companies by 8.2% during the 1st quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock worth $726,481,000 after acquiring an additional 671,581 shares during the period. 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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