Barclays upgraded shares of Lowe's Companies (NYSE:LOW) from an equal weight rating to an overweight rating in a research note issued to investors on Friday, Marketbeat Ratings reports.

LOW has been the subject of a number of other research reports. Atlantic Securities cut Lowe's Companies from an overweight rating to a neutral rating and set a $92.00 target price for the company. in a research note on Tuesday, November 28th. Piper Jaffray Companies restated a hold rating and issued a $82.00 target price on shares of Lowe's Companies in a research note on Friday, November 24th. Stifel Nicolaus restated a buy rating and issued a $103.00 target price on shares of Lowe's Companies in a research note on Friday, December 22nd. UBS Group raised their target price on Lowe's Companies from $89.00 to $93.00 and gave the company a buy rating in a research note on Wednesday, November 22nd. Finally, Credit Suisse Group set a $88.00 price objective on Lowe's Companies and gave the company a hold rating in a research report on Friday, November 24th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $88.62.

Lowe's Companies (LOW) traded down $1.03 on Friday, hitting $93.71. The stock had a trading volume of 6,191,584 shares, compared to its average volume of 6,500,000. The stock has a market cap of $77,760.00, a PE ratio of 22.53, a PEG ratio of 1.43 and a beta of 1.14. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. Lowe's Companies has a 52 week low of $70.54 and a 52 week high of $95.13.

Lowe's Companies (NYSE:LOW) last released its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. The company had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. sell-side analysts predict that Lowe's Companies will post 4.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe's Companies’s payout ratio is 39.42%.

In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of Lowe's Companies stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the sale, the insider now owns 4,650 shares of the company’s stock, valued at approximately $372,930. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of LOW. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund boosted its stake in shares of Lowe's Companies by 61.2% in the 1st quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 32,859 shares of the home improvement retailer’s stock worth $2,701,000 after buying an additional 12,469 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Lowe's Companies in the 1st quarter worth $103,000. Colony Group LLC boosted its stake in shares of Lowe's Companies by 2.2% in the 1st quarter. Colony Group LLC now owns 204,098 shares of the home improvement retailer’s stock worth $16,779,000 after buying an additional 4,452 shares during the last quarter. Archford Capital Strategies LLC boosted its stake in shares of Lowe's Companies by 39.9% in the 1st quarter. Archford Capital Strategies LLC now owns 4,802 shares of the home improvement retailer’s stock worth $395,000 after buying an additional 1,370 shares during the last quarter. Finally, First Financial Equity Corporation purchased a new position in shares of Lowe's Companies in the 1st quarter worth $357,000. 73.12% of the stock is owned by institutional investors and hedge funds.

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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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