Lowe’s Companies, Inc. (NYSE:LOW) was upgraded by analysts at UBS AG from a “market perform” rating to an “outperform” rating in a report issued on Monday.

Several other equities analysts have also commented on LOW. Robert W. Baird reiterated a “buy” rating and set a $92.00 price objective (up previously from $87.00) on shares of Lowe’s Companies in a research report on Wednesday, November 22nd. Longbow Research reiterated a “buy” rating and set a $95.00 price objective on shares of Lowe’s Companies in a research report on Monday, August 14th. Telsey Advisory Group increased their price objective on shares of Lowe’s Companies from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. SunTrust Banks, Inc. reiterated a “hold” rating and set a $80.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, November 22nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $82.00 price objective on shares of Lowe’s Companies in a research report on Friday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Lowe’s Companies presently has an average rating of “Hold” and an average price target of $87.24.

Lowe’s Companies (NYSE LOW) opened at $79.24 on Monday. Lowe’s Companies has a 12-month low of $69.92 and a 12-month high of $86.25. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.19 and a current ratio of 1.02. The company has a market cap of $65,848.44, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Lowe’s Companies had a net margin of 5.16% and a return on equity of 66.27%. The business had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same quarter last year, the business earned $0.88 earnings per share. Lowe’s Companies’s quarterly revenue was up 6.6% compared to the same quarter last year. equities research analysts forecast that Lowe’s Companies will post 4.51 EPS for the current fiscal year.

In related news, insider Paul D. Ramsay sold 2,098 shares of the firm’s 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 transaction, the insider now owns 8,400 shares of the company’s stock, valued at approximately $655,368. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $614,889.90. Following the completion of the transaction, the senior vice president now directly owns 30,750 shares in the company, valued at approximately $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of LOW. Vanguard Group Inc. increased its position in Lowe’s Companies by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after purchasing an additional 2,650,045 shares during the period. Blue Edge Capital LLC purchased a new position in Lowe’s Companies during the 1st quarter valued at about $727,000. Sumitomo Mitsui Asset Management Company LTD increased its position in Lowe’s Companies by 11.8% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock valued at $8,177,000 after purchasing an additional 11,119 shares during the period. Summit Global Investments purchased a new position in Lowe’s Companies during the 2nd quarter valued at about $1,421,000. Finally, Ffcm LLC increased its position in Lowe’s Companies by 6.4% during the 2nd quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock valued at $2,395,000 after purchasing an additional 1,853 shares during the period. 74.00% of the stock is currently owned by institutional investors.

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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)

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