Lowe’s Companies, Inc. (NYSE:LOW)‘s stock had its “buy” rating reiterated by investment analysts at Stifel Nicolaus in a report issued on Friday. They currently have a $87.00 target price on the home improvement retailer’s stock. Stifel Nicolaus’ target price suggests a potential upside of 19.90% from the company’s current price.
Other equities analysts have also issued reports about the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $90.00 target price on shares of Lowe’s Companies in a research note on Monday, April 3rd. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) lowered their price target on Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $100.00 price target on Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, May 24th. Finally, BTIG Research reissued a “buy” rating and set a $95.00 price target (up previously from $90.00) on shares of Lowe’s Companies in a research report on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. Lowe’s Companies currently has an average rating of “Hold” and an average target price of $85.39.
Lowe’s Companies (LOW) traded up 1.76% on Friday, reaching $73.84. The company had a trading volume of 9,436,517 shares. Lowe’s Companies has a 52-week low of $64.87 and a 52-week high of $86.25. The company’s 50-day moving average is $77.85 and its 200-day moving average is $78.90. The company has a market capitalization of $62.34 billion, a PE ratio of 23.15 and a beta of 1.08. Lowe’s Companies also was the recipient of some unusual options trading on Thursday. Stock traders bought 86,338 call options on the stock. This represents an increase of 661% compared to the average daily volume of 11,338 call options.
Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.03. The business had revenue of $16.86 billion during the quarter, compared to analyst estimates of $16.99 billion. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 earnings per share. Equities analysts anticipate that Lowe’s Companies will post $4.62 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Lowe’s Companies, Inc. (NYSE:LOW) Given “Buy” Rating at Stifel Nicolaus” was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://stocknewstimes.com/2017/07/21/lowes-companies-inc-nyselow-given-buy-rating-at-stifel-nicolaus.html.
In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total transaction of $936,094.40. Following the sale, the insider now owns 37,716 shares in the company, valued at $3,024,823.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.11% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Duncker Streett & Co. Inc. boosted its stake in shares of Lowe’s Companies by 1.3% in the second quarter. Duncker Streett & Co. Inc. now owns 16,633 shares of the home improvement retailer’s stock worth $1,290,000 after buying an additional 209 shares during the last quarter. Delta Asset Management LLC TN raised its position in shares of Lowe’s Companies by 0.4% in the second quarter. Delta Asset Management LLC TN now owns 327,329 shares of the home improvement retailer’s stock worth $25,377,000 after buying an additional 1,348 shares during the period. Bridges Investment Counsel Inc. raised its position in shares of Lowe’s Companies by 73.7% in the second quarter. Bridges Investment Counsel Inc. now owns 27,795 shares of the home improvement retailer’s stock worth $2,155,000 after buying an additional 11,792 shares during the period. Bridges Investment Management Inc. raised its position in shares of Lowe’s Companies by 0.6% in the second quarter. Bridges Investment Management Inc. now owns 35,350 shares of the home improvement retailer’s stock worth $2,740,000 after buying an additional 198 shares during the period. Finally, Private Bank & Trust Co. raised its position in shares of Lowe’s Companies by 26.3% in the second quarter. Private Bank & Trust Co. now owns 21,199 shares of the home improvement retailer’s stock worth $1,643,000 after buying an additional 4,419 shares during the period. Hedge funds and other institutional investors own 74.54% of the company’s stock.
Lowe’s Companies Company Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.
Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
