Lowe’s Companies’ (LOW) “Buy” Rating Reaffirmed at Deutsche Bank AG

Deutsche Bank AG reissued their buy rating on shares of Lowe’s Companies, Inc. (NYSE:LOW) in a research note released on Friday. They currently have a $90.00 price target on the home improvement retailer’s stock, up from their previous price target of $85.00.

Several other analysts also recently issued reports on LOW. Longbow Research reissued a buy rating and issued a $95.00 price objective on shares of Lowe’s Companies in a research note on Monday, August 14th. Jefferies Group LLC reissued a hold rating and issued a $75.00 price objective on shares of Lowe’s Companies in a research note on Thursday, September 28th. Piper Jaffray Companies reissued a hold rating and issued a $80.00 price objective on shares of Lowe’s Companies in a research note on Friday, September 29th. Gordon Haskett assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, October 3rd. They issued an accumulate rating and a $88.00 price objective for the company. Finally, Zacks Investment Research raised shares of Lowe’s Companies from a hold rating to a buy rating and set a $88.00 price objective for the company in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. Lowe’s Companies has an average rating of Hold and an average target price of $85.32.

Lowe’s Companies (LOW) opened at 81.74 on Friday. The company’s 50-day moving average price is $77.55 and its 200-day moving average price is $79.39. The stock has a market cap of $68.07 billion, a P/E ratio of 23.21 and a beta of 1.07. Lowe’s Companies has a one year low of $64.87 and a one year high of $86.25.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS. Analysts forecast that Lowe’s Companies will post $4.50 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.01%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio is currently 46.20%.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction 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 directly owns 30,750 shares of the company’s stock, valued at $2,407,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction 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 completion of the transaction, the insider now directly owns 8,400 shares in the company, valued at $655,368. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. grew its holdings in 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 worth $101,000 after purchasing an additional 5 shares during the last quarter. Guardian Life Insurance Co. of America grew its holdings in Lowe’s Companies by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock worth $275,000 after purchasing an additional 13 shares during the last quarter. Winfield Associates Inc. grew its holdings in Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after purchasing an additional 15 shares during the last quarter. Modera Wealth Management LLC grew its holdings in Lowe’s Companies by 0.3% in the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock worth $405,000 after purchasing an additional 15 shares during the last quarter. Finally, Alps Advisors Inc. grew its holdings in Lowe’s Companies by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock worth $453,000 after purchasing an additional 15 shares during the last quarter. 74.22% of the stock is currently owned by institutional investors and hedge funds.

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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