Lowe’s Companies’ (LOW) “Hold” Rating Reiterated at JPMorgan Chase & Co.

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JPMorgan Chase & Co. reissued their hold rating on shares of Lowe’s Companies (NYSE:LOW) in a research note released on Wednesday, Stock Target Advisor reports.

Several other research firms have also recently commented on LOW. Zacks Investment Research raised shares of Lowe’s Companies from a hold rating to a buy rating and set a $116.00 price target on the stock in a research note on Monday, September 30th. Credit Suisse Group raised shares of Lowe’s Companies from a neutral rating to an outperform rating and increased their price target for the company from $114.00 to $129.00 in a research note on Wednesday, November 6th. Oppenheimer raised their price objective on shares of Lowe’s Companies from $135.00 to $145.00 and gave the company an outperform rating in a research note on Friday, October 4th. Morgan Stanley raised their price objective on shares of Lowe’s Companies from $123.00 to $130.00 and gave the company an overweight rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada raised their price objective on shares of Lowe’s Companies from $123.00 to $129.00 and gave the company an outperform rating in a research note on Monday, September 16th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $125.59.

Shares of LOW traded down $0.81 during mid-day trading on Wednesday, hitting $117.02. 5,564,244 shares of the company traded hands, compared to its average volume of 4,594,678. Lowe’s Companies has a one year low of $85.90 and a one year high of $121.22. The company has a current ratio of 1.06, a quick ratio of 0.19 and a debt-to-equity ratio of 7.80. The business has a 50-day moving average of $111.65 and a 200 day moving average of $105.81. The stock has a market capitalization of $89.16 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 1.51 and a beta of 1.29.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.06. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The business had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.69 billion. During the same period in the prior year, the firm earned $1.04 earnings per share. Lowe’s Companies’s revenue was down .2% compared to the same quarter last year. As a group, analysts anticipate that Lowe’s Companies will post 5.67 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $0.55 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $2.20 annualized dividend and a yield of 1.88%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.

In other Lowe’s Companies news, CAO Matthew V. Hollifield sold 12,136 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total value of $1,363,358.24. Following the sale, the chief accounting officer now directly owns 28,017 shares in the company, valued at $3,147,429.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jennifer L. Weber sold 12,589 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the completion of the sale, the executive vice president now owns 17,440 shares in the company, valued at $1,964,092.80. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MUFG Americas Holdings Corp raised its holdings in Lowe’s Companies by 2.2% in the third quarter. MUFG Americas Holdings Corp now owns 120,294 shares of the home improvement retailer’s stock worth $13,227,000 after purchasing an additional 2,597 shares during the period. Smith Shellnut Wilson LLC ADV raised its holdings in Lowe’s Companies by 0.8% in the third quarter. Smith Shellnut Wilson LLC ADV now owns 25,338 shares of the home improvement retailer’s stock worth $2,786,000 after purchasing an additional 189 shares during the period. Cetera Investment Advisers raised its holdings in shares of Lowe’s Companies by 13.2% during the third quarter. Cetera Investment Advisers now owns 2,343 shares of the home improvement retailer’s stock worth $258,000 after acquiring an additional 273 shares during the period. WT Wealth Management acquired a new stake in shares of Lowe’s Companies during the third quarter worth $718,000. Finally, First Allied Advisory Services Inc. raised its holdings in shares of Lowe’s Companies by 20.8% during the third quarter. First Allied Advisory Services Inc. now owns 65,778 shares of the home improvement retailer’s stock worth $7,229,000 after acquiring an additional 11,344 shares during the period. Institutional investors own 76.25% of the company’s stock.

About Lowe’s Companies

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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