Lowe’s Companies, Inc. (NYSE:LOW)‘s stock had its “hold” rating restated by research analysts at Jefferies Group LLC in a research report issued on Thursday. They currently have a $75.00 price target on the home improvement retailer’s stock, down from their prior price target of $89.00. Jefferies Group LLC’s price objective would suggest a potential upside of 3.29% from the stock’s current price.
LOW has been the topic of several other research reports. Wolfe Research reiterated an “outperform” rating and set a $94.00 price target (down previously from $95.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, May 24th. Sanford C. Bernstein reiterated an “underperform” rating and set a $69.00 price target on shares of Lowe’s Companies in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Robert W. Baird set a $87.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $84.70.
Shares of Lowe’s Companies (NYSE LOW) traded down 0.55% during midday trading on Thursday, reaching $72.61. 10,580,170 shares of the company were exchanged. Lowe’s Companies has a 52-week low of $64.87 and a 52-week high of $86.25. The stock’s 50-day moving average price is $76.08 and its 200-day moving average price is $79.50. The company has a market capitalization of $61.30 billion, a PE ratio of 22.77 and a beta of 1.08. Lowe’s Companies also was the target of unusually large options trading activity on Monday. Stock investors purchased 6,466 put options on the stock. This represents an increase of approximately 538% compared to the typical daily volume of 1,014 put options.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by $0.05. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $1.37 EPS. Analysts anticipate that Lowe’s Companies will post $4.62 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2017/08/24/lowes-companies-inc-low-receives-hold-rating-from-jefferies-group-llc.html.
In related news, insider Richard D. Maltsbarger sold 11,672 shares of the 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 completion of the sale, the insider now directly owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted its stake in Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in Lowe’s Companies during the first quarter worth about $103,000. Atlantic Trust LLC acquired a new stake in Lowe’s Companies during the second quarter worth about $105,000. State of Alaska Department of Revenue acquired a new stake in Lowe’s Companies during the first quarter worth about $109,000. Finally, Hanson McClain Inc. boosted its stake in Lowe’s Companies by 3.5% in the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after buying an additional 45 shares during the last quarter. 74.65% of the stock is owned by institutional investors and hedge funds.
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.
