Piper Jaffray Companies restated their hold rating on shares of Lowe’s Companies, Inc. (NYSE:LOW) in a report released on Friday. The firm currently has a $80.00 target price on the home improvement retailer’s stock.

Several other research firms have also recently issued reports on LOW. Jefferies Group LLC reissued a hold rating and issued a $75.00 price target on shares of Lowe’s Companies in a research note on Thursday, September 28th. Royal Bank Of Canada restated a buy rating and set a $81.00 price objective on shares of Lowe’s Companies in a research note on Monday, September 25th. Zacks Investment Research upgraded shares of Lowe’s Companies from a sell rating to a hold rating in a research note on Thursday, September 21st. Bank of America Corporation assumed coverage on shares of Lowe’s Companies in a report on Tuesday, September 5th. They issued a buy rating and a $95.00 price objective for the company. Finally, J P Morgan Chase & Co reaffirmed a neutral rating and issued a $83.00 price objective (down previously from $89.00) on shares of Lowe’s Companies in a report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $85.00.

Shares of Lowe’s Companies (LOW) opened at 80.79 on Friday. The firm has a 50-day moving average price of $76.59 and a 200-day moving average price of $79.42. The firm has a market cap of $67.28 billion, a P/E ratio of 22.94 and a beta of 1.07. Lowe’s Companies has a 12-month low of $64.87 and a 12-month high of $86.25. Lowe’s Companies also was the recipient of some unusual options trading on Monday. Traders bought 6,466 put options on the stock. This represents an increase of 538% compared to the typical daily volume of 1,014 put options.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). The business had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 EPS. On average, equities research analysts expect that Lowe’s Companies will post $4.50 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be issued a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.03%. Lowe’s Companies’s payout ratio is currently 46.20%.

In related news, SVP Matthew V. Hollifield sold 7,853 shares of the 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 completion of the sale, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the sale, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Lowe’s Companies by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after purchasing an additional 2,650,045 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Lowe’s Companies by 11.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock worth $8,177,000 after purchasing an additional 11,119 shares in the last quarter. Blue Edge Capital LLC purchased a new stake in shares of Lowe’s Companies in the first quarter worth approximately $727,000. Dimensional Fund Advisors LP lifted its position in shares of Lowe’s Companies by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,425,597 shares of the home improvement retailer’s stock worth $199,407,000 after purchasing an additional 60,109 shares in the last quarter. Finally, KCG Holdings Inc. boosted its holdings in shares of Lowe’s Companies by 170.7% during the first quarter. KCG Holdings Inc. now owns 69,485 shares of the home improvement retailer’s stock worth $5,712,000 after purchasing an additional 43,815 shares during the period. Hedge funds and other institutional investors own 74.22% of the company’s stock.

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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