Lowe’s Companies (LOW) Now Covered by Guggenheim
Research analysts at Guggenheim initiated coverage on shares of Lowe’s Companies (NYSE:LOW) in a report released on Tuesday. The firm set a “buy” rating and a $95.00 price target on the home improvement retailer’s stock. Guggenheim’s target price points to a potential upside of 10.98% from the company’s previous close.
A number of other brokerages have also recently commented on LOW. Moffett Nathanson assumed coverage on Lowe’s Companies in a report on Monday, December 4th. They set a “buy” rating for the company. Deutsche Bank reissued a “buy” rating and set a $90.00 target price (up previously from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Stifel Nicolaus increased their price target on Lowe’s Companies from $87.00 to $93.00 and gave the company a “buy” rating in a report on Tuesday, November 21st. Gordon Haskett began coverage on Lowe’s Companies in a report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price target for the company. Finally, UBS increased their price target on Lowe’s Companies from $89.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.66.
Lowe’s Companies (LOW) traded up $0.61 during midday trading on Tuesday, reaching $85.60. The company had a trading volume of 5,956,700 shares, compared to its average volume of 5,985,379. The firm has a market cap of $70,521.35, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.28 and a beta of 1.15. Lowe’s Companies has a 12 month low of $70.49 and a 12 month high of $88.55. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71.
Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The business had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. equities analysts anticipate that Lowe’s Companies will post 4.51 EPS for the current fiscal year.
In other 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 sale, the insider now owns 8,400 shares in the company, valued at $655,368. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 owns 30,750 shares in the company, valued at approximately $2,407,725. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,303 shares of company stock worth $1,047,406. 0.11% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bernicke Wealth Management Ltd. purchased a new position in shares of Lowe’s Companies during the first quarter worth about $280,000. Peak Asset Management LLC boosted its holdings in Lowe’s Companies by 1.6% in the 1st quarter. Peak Asset Management LLC now owns 10,635 shares of the home improvement retailer’s stock valued at $874,000 after purchasing an additional 170 shares in the last quarter. Homrich & Berg purchased a new stake in Lowe’s Companies in the 1st quarter valued at approximately $215,000. TIAA CREF Investment Management LLC boosted its holdings in Lowe’s Companies by 16.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 4,697,280 shares of the home improvement retailer’s stock valued at $386,163,000 after purchasing an additional 660,974 shares in the last quarter. Finally, Bridgewater Associates LP boosted its holdings in Lowe’s Companies by 2.1% in the 1st quarter. Bridgewater Associates LP now owns 19,612 shares of the home improvement retailer’s stock valued at $1,612,000 after purchasing an additional 412 shares in the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.
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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.
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