UBS Boosts Lowe’s Companies (LOW) Price Target to $93.00

Lowe’s Companies (NYSE:LOW) had its price objective boosted by UBS from $89.00 to $93.00 in a research note published on Wednesday, November 22nd, 99wallstreet.com reports. They currently have a buy rating on the home improvement retailer’s stock.

Other equities research analysts have also recently issued reports about the stock. Gordon Haskett started coverage on shares of Lowe’s Companies in a research report on Tuesday, October 3rd. They issued an accumulate rating and a $88.00 price target for the company. Oppenheimer set a $100.00 price objective on shares of Lowe’s Companies and gave the company a buy rating in a research note on Wednesday, August 23rd. Deutsche Bank dropped their price objective on shares of Lowe’s Companies from $92.00 to $85.00 and set a buy rating on the stock in a research note on Thursday, August 24th. Credit Suisse Group set a $83.00 price objective on shares of Lowe’s Companies and gave the company a buy rating in a research note on Thursday, August 24th. Finally, Robert W. Baird set a $87.00 price objective on shares of Lowe’s Companies and gave the company a buy rating in a research note on Thursday, August 24th. Three 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. The company has an average rating of Hold and a consensus price target of $87.40.

Shares of Lowe’s Companies (NYSE:LOW) traded up $1.23 on Wednesday, reaching $83.63. 10,391,209 shares of the company were exchanged, compared to its average volume of 5,970,067. Lowe’s Companies has a 52-week low of $70.49 and a 52-week high of $88.55. The stock has a market capitalization of $69,290.00, a PE ratio of 19.14, a PEG ratio of 1.38 and a beta of 1.14. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Lowe’s Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the previous year, the company earned $0.88 earnings per share. Lowe’s Companies’s quarterly revenue was up 6.6% compared to the same quarter last year. analysts anticipate that Lowe’s Companies will post 4.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 1.96%. Lowe’s Companies’s payout ratio is currently 39.42%.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares in the company, valued at $655,368. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nelson B. Peace sold 3,352 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now owns 4,650 shares in the company, valued at $372,930. The disclosure for this sale can be found here. Insiders have sold 13,303 shares of company stock worth $1,047,406 over the last 90 days. 0.11% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in LOW. SRS Capital Advisors Inc. lifted its holdings in shares of 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 valued at $101,000 after purchasing an additional 5 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Lowe’s Companies in the first quarter valued at about $103,000. Atlantic Trust LLC purchased a new stake in shares of Lowe’s Companies in the second quarter valued at about $105,000. State of Alaska Department of Revenue lifted its holdings in shares of Lowe’s Companies by 8.3% in the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after purchasing an additional 110 shares in the last quarter. Finally, Balentine LLC purchased a new stake in shares of Lowe’s Companies in the first quarter valued at about $120,000. 73.29% of the stock is currently owned by institutional investors.

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About Lowe’s Companies

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.

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

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