Lowe’s Companies (NYSE:LOW) received a $88.00 price objective from research analysts at Credit Suisse Group in a research note issued to investors on Friday, November 24th. The firm presently has a “hold” rating on the home improvement retailer’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 1.96% from the company’s previous close.
LOW has been the subject of a number of other reports. Piper Jaffray Companies reiterated a “hold” rating and set a $82.00 price target on shares of Lowe’s Companies in a report on Friday, November 24th. UBS upped their target price on Lowe’s Companies from $89.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. BidaskClub upgraded Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Robert W. Baird set a $87.00 target price on Lowe’s Companies and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the company’s stock. Lowe’s Companies presently has a consensus rating of “Hold” and a consensus price target of $87.40.
Lowe’s Companies (NYSE LOW) opened at $86.31 on Friday. The firm has a market cap of $73,161.24, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.41 and a beta of 1.15. Lowe’s Companies has a twelve month low of $70.49 and a twelve month high of $88.55. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71.
In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now owns 8,400 shares in the company, valued at $655,368. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the transaction, the senior vice president now owns 30,750 shares in the company, valued at approximately $2,407,725. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,303 shares of company stock worth $1,047,406. Corporate insiders own 0.11% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Lowe’s Companies by 1.4% during the second quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock valued at $5,021,542,000 after purchasing an additional 897,911 shares during the period. BlackRock Inc. grew its stake in Lowe’s Companies by 1,757.3% during the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after acquiring an additional 58,073,138 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Lowe’s Companies by 40.3% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,144,020 shares of the home improvement retailer’s stock valued at $1,210,613,000 after purchasing an additional 4,351,830 shares during the last quarter. FMR LLC boosted its holdings in Lowe’s Companies by 62.6% in the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after purchasing an additional 3,732,153 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Lowe’s Companies by 0.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock valued at $719,560,000 after purchasing an additional 64,780 shares during the last quarter. 73.29% of the stock is owned by institutional investors.
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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.
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