Shares of Lowe’s Companies, Inc. (NYSE:LOW) have earned a consensus rating of “Buy” from the thirty brokerages that are currently covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and twenty-one have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $111.60.

Several equities analysts have recently weighed in on the company. Barclays cut Lowe’s Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $120.00 to $105.00 in a research report on Wednesday, January 9th. ValuEngine upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Wedbush set a $95.00 target price on Lowe’s Companies and gave the stock a “hold” rating in a research report on Thursday, December 13th. Royal Bank of Canada boosted their target price on Lowe’s Companies to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, December 13th. Finally, SunTrust Banks boosted their target price on Lowe’s Companies to $128.00 and gave the stock a “buy” rating in a research report on Thursday, December 13th.

In other news, Director Brian C. Rogers acquired 10,000 shares of the business’s stock in a transaction dated Friday, November 23rd. The stock was purchased at an average cost of $88.02 per share, for a total transaction of $880,200.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $880,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. United Bank lifted its stake in shares of Lowe’s Companies by 8.9% in the 2nd quarter. United Bank now owns 19,528 shares of the home improvement retailer’s stock valued at $1,866,000 after acquiring an additional 1,603 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of Lowe’s Companies in the 2nd quarter valued at about $300,000. Hilltop Holdings Inc. lifted its stake in shares of Lowe’s Companies by 15.7% in the 2nd quarter. Hilltop Holdings Inc. now owns 4,099 shares of the home improvement retailer’s stock valued at $391,000 after acquiring an additional 557 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of Lowe’s Companies in the 2nd quarter valued at about $103,000. Finally, AE Wealth Management LLC lifted its stake in shares of Lowe’s Companies by 100.6% in the 2nd quarter. AE Wealth Management LLC now owns 15,064 shares of the home improvement retailer’s stock valued at $1,440,000 after acquiring an additional 7,555 shares during the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Shares of NYSE LOW opened at $97.30 on Friday. The firm has a market capitalization of $77.91 billion, a PE ratio of 22.16, a P/E/G ratio of 1.35 and a beta of 1.35. Lowe’s Companies has a fifty-two week low of $81.16 and a fifty-two week high of $117.70. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.00 and a quick ratio of 0.18.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.06. The company had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $17.36 billion. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. As a group, equities research analysts predict that Lowe’s Companies will post 5.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Wednesday, January 23rd will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, January 22nd. Lowe’s Companies’s payout ratio is currently 43.74%.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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