Goldman Sachs Group assumed coverage on shares of Lowe’s Companies (NYSE:LOW) in a research report report published on Thursday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $119.00 price objective on the home improvement retailer’s stock.

Several other research analysts have also commented on LOW. Wedbush set a $69.00 price target on Albireo Pharma and gave the stock a buy rating in a research report on Thursday, May 23rd. Gabelli reissued a buy rating on shares of Lowe’s Companies in a research report on Thursday, May 23rd. Barclays reissued an overweight rating and issued a GBX 310 ($4.05) price target on shares of in a research report on Monday, June 24th. Bank of America set a $135.00 price target on Lowe’s Companies and gave the stock a buy rating in a research report on Monday, May 27th. Finally, UBS Group lowered AGL Energy to a sell rating in a research report on Thursday, May 23rd. Nine research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $112.88.

Shares of LOW stock opened at $107.40 on Thursday. Lowe’s Companies has a twelve month low of $84.75 and a twelve month high of $118.23. The stock has a market cap of $84.09 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36. The stock has a fifty day moving average price of $98.98. The company has a quick ratio of 0.24, a current ratio of 1.09 and a debt-to-equity ratio of 6.37.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The firm had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.65 billion. During the same quarter in the prior year, the company posted $1.19 earnings per share. Lowe’s Companies’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts forecast that Lowe’s Companies will post 5.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be given a dividend of $0.55 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.48. This represents a $2.20 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, July 23rd. Lowe’s Companies’s dividend payout ratio is currently 37.35%.

In other Lowe’s Companies news, EVP Donald Frieson bought 2,030 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, June 19th. The shares were bought at an average cost of $98.69 per share, with a total value of $200,340.70. Following the transaction, the executive vice president now directly owns 10,980 shares of the company’s stock, valued at approximately $1,083,616.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marvin R. Ellison bought 10,000 shares of Lowe’s Companies stock in a transaction that occurred on Friday, May 24th. The shares were acquired at an average cost of $95.05 per share, for a total transaction of $950,500.00. Following the completion of the transaction, the insider now directly owns 80,090 shares in the company, valued at $7,612,554.50. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,280 shares of company stock worth $1,174,566 over the last ninety days. 0.07% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Advisors Preferred LLC purchased a new stake in Lowe’s Companies during the 1st quarter valued at about $26,000. Icon Wealth Partners LLC purchased a new stake in Lowe’s Companies during the 1st quarter valued at about $26,000. Clarfeld Financial Advisors LLC purchased a new stake in Lowe’s Companies during the 4th quarter valued at about $26,000. Weaver Consulting Group purchased a new stake in Lowe’s Companies during the 1st quarter valued at about $28,000. Finally, Prime Capital Investment Advisors LLC purchased a new stake in Lowe’s Companies during the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 76.79% of the company’s stock.

About Lowe’s Companies

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

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

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