Research analysts at BNP Paribas started coverage on shares of Lowe’s Companies (NYSE:LOW) in a research note issued to investors on Monday, Briefing.com reports. The firm set a “neutral” rating and a $159.00 price target on the home improvement retailer’s stock. BNP Paribas’ price objective would suggest a potential downside of 3.63% from the company’s previous close.
A number of other research firms have also commented on LOW. Stifel Nicolaus raised their price objective on shares of Lowe’s Companies from $149.00 to $156.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Guggenheim raised their target price on shares of Lowe’s Companies from $135.00 to $175.00 in a research note on Thursday, August 20th. Bank of America raised their target price on shares of Lowe’s Companies from $176.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Royal Bank of Canada raised their target price on shares of Lowe’s Companies from $165.00 to $188.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Finally, Telsey Advisory Group raised their target price on shares of Lowe’s Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Five investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $166.82.
LOW stock opened at $164.99 on Monday. The firm has a 50 day moving average of $162.35 and a 200-day moving average of $130.25. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 4.64. Lowe’s Companies has a 12 month low of $60.00 and a 12 month high of $171.72. The firm has a market capitalization of $124.69 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.19 and a beta of 1.48.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $2.95 by $0.80. Lowe’s Companies had a net margin of 7.12% and a return on equity of 228.17%. The company had revenue of $27.30 billion during the quarter, compared to analyst estimates of $24.24 billion. During the same period last year, the business earned $2.15 earnings per share. Lowe’s Companies’s revenue was up 30.1% compared to the same quarter last year. Sell-side analysts predict that Lowe’s Companies will post 8.48 EPS for the current year.
In related news, EVP Ross W. Mccanless sold 62,838 shares of Lowe’s Companies stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $168.33, for a total value of $10,577,520.54. Following the sale, the executive vice president now owns 72,967 shares in the company, valued at $12,282,535.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Lowe’s Companies during the 2nd quarter valued at $26,000. PrairieView Partners LLC bought a new stake in shares of Lowe’s Companies during the 2nd quarter valued at $26,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Lowe’s Companies by 745.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 338 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 298 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at $29,000. Finally, Financial Management Professionals Inc. bought a new stake in shares of Lowe’s Companies during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 74.63% of the company’s stock.
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.
Further Reading: Profit Margin
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