Lowe’s Companies (NYSE:LOW)‘s stock had its “outperform” rating reissued by research analysts at Oppenheimer in a research note issued on Thursday, Price Targets.com reports. They currently have a $235.00 price objective on the home improvement retailer’s stock. Oppenheimer’s target price points to a potential upside of 18.14% from the company’s previous close. The analysts noted that the move was a valuation call.
LOW has been the topic of several other research reports. Citigroup lifted their target price on shares of Lowe’s Companies from $195.00 to $239.00 in a research note on Tuesday, May 4th. Morgan Stanley upped their price objective on shares of Lowe’s Companies from $210.00 to $222.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank of Canada raised their target price on shares of Lowe’s Companies from $203.00 to $206.00 in a research note on Thursday, February 25th. Gordon Haskett upgraded Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 price target for the company in a research report on Wednesday, March 3rd. Finally, Loop Capital lifted their price objective on Lowe’s Companies from $195.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, April 19th. Five analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $188.29.
LOW opened at $198.91 on Thursday. The company has a market cap of $142.65 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37. Lowe’s Companies has a twelve month low of $108.42 and a twelve month high of $215.22. The company has a 50-day moving average price of $198.72 and a 200 day moving average price of $173.36. The company has a quick ratio of 0.57, a current ratio of 1.38 and a debt-to-equity ratio of 5.20.
In related news, Director David H. Batchelder bought 6,250 shares of the firm’s stock in a transaction that occurred on Friday, February 26th. The stock was purchased at an average cost of $159.48 per share, for a total transaction of $996,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of LOW. FMR LLC grew its stake in shares of Lowe’s Companies by 10.7% during the fourth quarter. FMR LLC now owns 30,352,415 shares of the home improvement retailer’s stock worth $4,871,866,000 after purchasing an additional 2,940,777 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Lowe’s Companies by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 10,792,701 shares of the home improvement retailer’s stock worth $2,046,670,000 after acquiring an additional 369,456 shares in the last quarter. Norges Bank purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at about $1,285,445,000. Massachusetts Financial Services Co. MA raised its position in shares of Lowe’s Companies by 9.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,053,442 shares of the home improvement retailer’s stock worth $1,341,424,000 after acquiring an additional 586,207 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Lowe’s Companies by 1.9% during the first quarter. Lazard Asset Management LLC now owns 6,626,477 shares of the home improvement retailer’s stock worth $1,260,221,000 after purchasing an additional 123,752 shares during the last quarter. 76.11% of the stock is currently owned by hedge funds and other institutional investors.
Lowe’s Companies Company Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, dÃ©cor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.
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