Lowe’s Companies (NYSE:LOW) had its price target boosted by analysts at Telsey Advisory Group from $120.00 to $133.00 in a report released on Thursday, Briefing.com Automated Import reports. The firm presently has an “outperform” rating on the home improvement retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 12.87% from the company’s previous close.

Other analysts also recently issued research reports about the stock. KeyCorp reaffirmed an “overweight” rating and set a $125.00 price target (up previously from $120.00) on shares of Lowe’s Companies in a report on Thursday, August 22nd. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a report on Monday, September 30th. Wells Fargo & Co reaffirmed a “buy” rating and set a $135.00 price target on shares of Lowe’s Companies in a report on Wednesday. Oppenheimer raised their price objective on shares of Lowe’s Companies from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, Goldman Sachs Group raised shares of Lowe’s Companies from a “buy” rating to a “conviction-buy” rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Lowe’s Companies has an average rating of “Buy” and an average price target of $125.41.

Shares of NYSE LOW opened at $117.83 on Thursday. The firm’s 50-day moving average price is $111.65 and its 200-day moving average price is $105.81. The company has a quick ratio of 0.19, a current ratio of 1.06 and a debt-to-equity ratio of 7.80. The company has a market cap of $89.16 billion, a PE ratio of 22.92, a PEG ratio of 1.51 and a beta of 1.29. Lowe’s Companies has a 52-week low of $85.90 and a 52-week high of $121.22.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.06. The firm had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.69 billion. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 EPS. As a group, equities research analysts anticipate that Lowe’s Companies will post 5.67 EPS for the current fiscal year.

In other Lowe’s Companies news, EVP Jennifer L. Weber sold 12,589 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the sale, the executive vice president now owns 17,440 shares in the company, valued at approximately $1,964,092.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew V. Hollifield sold 12,136 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $112.34, for a total transaction of $1,363,358.24. Following the sale, the chief accounting officer now owns 28,017 shares in the company, valued at approximately $3,147,429.78. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atwater Malick LLC bought a new stake in shares of Lowe’s Companies during the third quarter valued at approximately $26,000. Next Capital Management LLC bought a new stake in shares of Lowe’s Companies during the second quarter valued at approximately $27,000. Knuff & Co LLC bought a new stake in shares of Lowe’s Companies during the second quarter valued at approximately $29,000. Pearl River Capital LLC bought a new stake in shares of Lowe’s Companies during the second quarter valued at approximately $29,000. Finally, Ossiam bought a new stake in shares of Lowe’s Companies during the second quarter valued at approximately $31,000. Institutional investors own 76.25% 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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