Lowe’s Companies (NYSE:LOW) had its target price lifted by analysts at UBS Group from $115.00 to $125.00 in a report issued on Thursday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the home improvement retailer’s stock. UBS Group’s price objective would suggest a potential upside of 16.60% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Wedbush reissued a “neutral” rating and set a $115.00 price target (up from $105.00) on shares of Lowe’s Companies in a research report on Thursday. Loop Capital lifted their price target on shares of Lowe’s Companies from $6.67 to $105.00 and gave the stock a “hold” rating in a research report on Thursday. Credit Suisse Group reissued a “neutral” rating and set a $114.00 price target (up from $99.00) on shares of Lowe’s Companies in a research report on Thursday. ValuEngine cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, SunTrust Banks reissued a “buy” rating and set a $120.00 price target on shares of Lowe’s Companies in a research report on Friday, May 24th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $115.33.

LOW traded down $0.80 during trading on Thursday, reaching $107.20. 76,219 shares of the company’s stock were exchanged, compared to its average volume of 4,716,743. The company’s fifty day moving average price is $101.52 and its 200-day moving average price is $103.63. 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 has a fifty-two week low of $84.75 and a fifty-two week high of $118.23. The firm has a market capitalization of $74.42 billion, a PE ratio of 20.87, a P/E/G ratio of 1.25 and a beta of 1.36.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $20.99 billion for the quarter, compared to analysts’ expectations of $20.96 billion. Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted $2.07 earnings per share. Research analysts forecast that Lowe’s Companies will post 5.58 earnings per share for the current fiscal year.

In related news, EVP Donald Frieson acquired 2,030 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were acquired at an average cost of $98.69 per share, with a total value of $200,340.70. Following the transaction, the executive vice president now owns 10,980 shares of the company’s stock, valued at approximately $1,083,616.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marvin R. Ellison acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average cost of $95.05 per share, for a total transaction of $950,500.00. Following the completion of the transaction, the insider now directly owns 80,090 shares in the company, valued at approximately $7,612,554.50. The disclosure for this purchase can be found here. Insiders purchased a total of 12,280 shares of company stock worth $1,174,566 over the last ninety days. 0.07% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of LOW. Nuveen Asset Management LLC lifted its position in Lowe’s Companies by 6,680.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock worth $636,989,000 after buying an additional 6,219,346 shares in the last quarter. Viking Global Investors LP bought a new stake in Lowe’s Companies during the 2nd quarter worth about $139,358,000. Prudential PLC lifted its position in Lowe’s Companies by 456.1% during the 2nd quarter. Prudential PLC now owns 1,222,183 shares of the home improvement retailer’s stock worth $123,440,000 after buying an additional 1,002,390 shares in the last quarter. Boston Partners lifted its position in Lowe’s Companies by 20.3% during the 1st quarter. Boston Partners now owns 4,900,149 shares of the home improvement retailer’s stock worth $536,420,000 after buying an additional 826,414 shares in the last quarter. Finally, Eaton Vance Management lifted its position in Lowe’s Companies by 49.9% during the 2nd quarter. Eaton Vance Management now owns 2,366,912 shares of the home improvement retailer’s stock worth $238,844,000 after buying an additional 788,392 shares in the last quarter. 75.85% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Company Profile

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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Analyst Recommendations for Lowe`s Companies (NYSE:LOW)

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