Analysts’ Recent Ratings Updates for Lowe’s Companies (LOW)

A number of research firms have changed their ratings and price targets for Lowe’s Companies (NYSE: LOW):

  • 5/27/2019 – Lowe’s Companies was given a new $135.00 price target on by analysts at Bank of America Corp. They now have a “buy” rating on the stock.
  • 5/24/2019 – Lowe’s Companies had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $120.00 price target on the stock.
  • 5/23/2019 – Lowe’s Companies had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $116.00 price target on the stock, down previously from $126.00.
  • 5/23/2019 – Lowe’s Companies had its price target lowered by analysts at Wedbush from $110.00 to $105.00. They now have a “neutral” rating on the stock.
  • 5/23/2019 – Lowe’s Companies was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 5/23/2019 – Lowe’s Companies had its “buy” rating reaffirmed by analysts at Gabelli.
  • 5/23/2019 – Lowe’s Companies was given a new $123.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 5/23/2019 – Lowe’s Companies had its price target lowered by analysts at UBS Group AG from $125.00 to $115.00. They now have a “buy” rating on the stock.
  • 5/22/2019 – Lowe’s Companies had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $127.00 price target on the stock, down previously from $133.00.
  • 5/16/2019 – Lowe’s Companies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Lowe’s have not only declined but also underperformed the industry in the past month. Notably, Lowe’s plans to exit Orchard Supply Hardware business and Mexico retail operations along with shuttering certain non-core businesses and stores have led to higher pre-tax charges. This along with soft margins and headwinds related to intense competition remain matters of concern. Additionally, anticipates softness in the Canadian housing market to persist in the near-term. On the flip side, the company witnessed decent comps performance in fourth-quarter fiscal 2018. Although top line missed the Zacks Consensus Estimate, the same rose year over year gaining from pro-customer centric approach as well as robust marketing and merchandising efforts. Lowe's has chalked out a detailed plan to augment sales, contain costs and improve cash flow generation from operations. “
  • 5/10/2019 – Lowe’s Companies had its “buy” rating reaffirmed by analysts at Wells Fargo & Co.
  • 5/6/2019 – Lowe’s Companies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Lowe’s have not only declined but also underperformed the industry in the past month. Notably, Lowe’s plans to exit Orchard Supply Hardware business and Mexico retail operations along with shuttering certain non-core businesses and stores have led to higher pre-tax charges. This along with soft margins and headwinds related to intense competition remain matters of concern. Additionally, anticipates softness in the Canadian housing market to persist in the near-term. On the flip side, the company witnessed decent comps performance in fourth-quarter fiscal 2018. Although top line missed the Zacks Consensus Estimate, the same rose year over year gaining from pro-customer centric approach as well as robust marketing and merchandising efforts. Lowe's has chalked out a detailed plan to augment sales, contain costs and improve cash flow generation from operations. “
  • 4/15/2019 – Lowe’s Companies had its price target raised by analysts at Morgan Stanley from $115.00 to $123.00. They now have an “overweight” rating on the stock.
  • 4/1/2019 – Lowe’s Companies had its price target raised by analysts at Citigroup Inc from $125.00 to $127.00. They now have a “buy” rating on the stock.

Shares of LOW stock opened at $93.88 on Friday. The stock has a market capitalization of $73.12 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.17 and a beta of 1.26. Lowe’s Companies, Inc. has a 52-week low of $84.75 and a 52-week high of $118.23. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.24 and a current ratio of 1.09.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.35%.

In other Lowe’s Companies news, insider Marvin R. Ellison acquired 10,000 shares of the stock in a transaction on Friday, May 24th. The shares were bought at an average price of $95.05 per share, with a total value of $950,500.00. Following the acquisition, the insider now owns 80,090 shares of the company’s stock, valued at $7,612,554.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.07% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Preferred LLC purchased a new stake in Lowe’s Companies in the 1st quarter valued at approximately $26,000. Icon Wealth Partners LLC purchased a new stake in shares of Lowe’s Companies during the 1st quarter worth approximately $26,000. Clarfeld Financial Advisors LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $26,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Lowe’s Companies during the 1st quarter worth approximately $33,000. Finally, Premia Global Advisors LLC purchased a new stake in shares of Lowe’s Companies during the 1st quarter worth approximately $36,000. 75.61% of the stock is currently owned by institutional investors.

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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