Lowe’s Companies (NYSE:LOW) Earns “Hold” Rating from SunTrust Banks

Lowe’s Companies (NYSE:LOW)‘s stock had its “hold” rating reaffirmed by SunTrust Banks in a note issued to investors on Friday, November 10th. They currently have a $80.00 target price on the home improvement retailer’s stock. SunTrust Banks’ target price suggests a potential downside of 3.96% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Royal Bank Of Canada reissued a “buy” rating and set a $84.00 price target on shares of Lowe’s Companies in a research report on Tuesday, November 7th. KeyCorp assumed coverage on shares of Lowe’s Companies in a research report on Monday, November 6th. They set an “overweight” rating and a $98.00 price target for the company. BMO Capital Markets reissued a “hold” rating and set a $82.00 price target on shares of Lowe’s Companies in a research report on Thursday, November 2nd. Finally, Robert W. Baird set a $87.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $87.40.

Shares of Lowe’s Companies (NYSE LOW) traded up $1.62 during trading hours on Friday, hitting $83.30. 10,573,400 shares of the stock were exchanged, compared to its average volume of 5,867,376. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71. Lowe’s Companies has a 1 year low of $69.92 and a 1 year high of $86.25. The company has a market cap of $65,848.44, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter last year, the firm earned $0.88 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. research analysts forecast that Lowe’s Companies will post 4.51 earnings per share for the current fiscal year.

In other news, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies 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 completion of the sale, the senior vice president now directly owns 30,750 shares in the company, valued at $2,407,725. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nelson B. Peace sold 3,352 shares of Lowe’s Companies stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the sale, the insider now owns 4,650 shares of the company’s stock, valued at $372,930. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,303 shares of company stock valued at $1,047,406. 0.11% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in LOW. Vanguard Group Inc. boosted its holdings in shares of Lowe’s Companies by 1.4% in the second quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock worth $5,021,542,000 after buying an additional 897,911 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after buying an additional 58,073,138 shares during the last quarter. FMR LLC boosted its holdings in shares of Lowe’s Companies by 62.6% in the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after buying an additional 3,732,153 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Lowe’s Companies by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock worth $719,560,000 after buying an additional 64,780 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Lowe’s Companies by 8.2% in the first quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock worth $726,481,000 after buying an additional 671,581 shares during the last quarter. Hedge funds and other institutional investors own 72.85% of the company’s stock.

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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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