Jefferies Group LLC restated their hold rating on shares of Lowe’s Companies, Inc. (NYSE:LOW) in a research report sent to investors on Thursday. Jefferies Group LLC currently has a $75.00 target price on the home improvement retailer’s stock.

Several other analysts have also issued reports on LOW. Sanford C. Bernstein reissued an underperform rating and set a $69.00 target price on shares of Lowe’s Companies in a report on Wednesday, July 12th. Zacks Investment Research lowered Lowe’s Companies from a hold rating to a sell rating in a report on Monday, July 17th. BMO Capital Markets reissued a buy rating and set a $89.00 target price on shares of Lowe’s Companies in a report on Thursday, July 20th. Stifel Nicolaus reissued a buy rating and set a $87.00 target price on shares of Lowe’s Companies in a report on Friday, July 21st. Finally, BidaskClub lowered Lowe’s Companies from a sell rating to a strong sell rating in a report on Monday, July 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. Lowe’s Companies presently has an average rating of Hold and an average target price of $85.00.

Lowe’s Companies (LOW) opened at 79.94 on Thursday. Lowe’s Companies has a 12 month low of $64.87 and a 12 month high of $86.25. The company has a 50-day moving average price of $76.25 and a 200 day moving average price of $79.59. The company has a market capitalization of $66.57 billion, a PE ratio of 22.70 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The firm had revenue of $19.50 billion during 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 business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 earnings per share. On average, equities research analysts forecast that Lowe’s Companies will post $4.50 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.05%. Lowe’s Companies’s dividend payout ratio (DPR) is 46.20%.

In other news, insider Paul D. Ramsay sold 2,098 shares of the firm’s 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 transaction, the insider now directly owns 8,400 shares in the company, valued at $655,368. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew V. Hollifield sold 7,853 shares of the firm’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 owns 30,750 shares of the company’s stock, valued at $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of LOW. Waldron LP bought a new position in shares of Lowe’s Companies during the first quarter worth about $364,000. Advisory Services Network LLC bought a new position in shares of Lowe’s Companies during the first quarter worth about $669,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Lowe’s Companies by 2.5% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 139,708 shares of the home improvement retailer’s stock worth $11,485,000 after acquiring an additional 3,452 shares during the last quarter. Millie Capital Management LLC raised its position in shares of Lowe’s Companies by 1.7% during the first quarter. Millie Capital Management LLC now owns 15,051 shares of the home improvement retailer’s stock worth $1,237,000 after acquiring an additional 255 shares during the last quarter. Finally, Usca Ria LLC raised its position in shares of Lowe’s Companies by 3.7% during the first quarter. Usca Ria LLC now owns 4,874 shares of the home improvement retailer’s stock worth $401,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 74.20% of the company’s stock.

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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