Lowe’s Companies (NYSE:LOW) Price Target Raised to $133.00 at Telsey Advisory Group

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Lowe’s Companies (NYSE:LOW) had its price objective boosted by research analysts at Telsey Advisory Group from $120.00 to $133.00 in a research note issued on Thursday, Briefing.com Automated Import reports. The firm presently has an “outperform” rating on the home improvement retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 12.87% from the stock’s current price.

A number of other analysts have also issued reports on LOW. JPMorgan Chase & Co. reissued a “hold” rating on shares of Lowe’s Companies in a research note on Wednesday. Oppenheimer boosted their target price 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. Piper Jaffray Companies raised shares of Lowe’s Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $113.00 to $130.00 in a research note on Tuesday, October 15th. Wedbush reissued an “outperform” rating and set a $135.00 target price on shares of Lowe’s Companies in a research note on Thursday. Finally, Loop Capital boosted their target price on shares of Lowe’s Companies to $105.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $125.41.

NYSE LOW opened at $117.83 on Thursday. The company has a quick ratio of 0.19, a current ratio of 1.06 and a debt-to-equity ratio of 7.80. The company has a fifty day moving average of $111.65 and a two-hundred day moving average of $105.81. The firm has a market capitalization of $89.16 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 1.51 and a beta of 1.29. Lowe’s Companies has a 52 week low of $85.90 and a 52 week high of $121.22.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.06. The firm had revenue of $17.39 billion during the quarter, compared to analyst estimates of $17.69 billion. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The business’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 earnings per share. Equities research analysts anticipate that Lowe’s Companies will post 5.67 EPS for the current year.

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

A number of institutional investors have recently made changes to their positions in LOW. WINTON GROUP Ltd raised its holdings in Lowe’s Companies by 17.0% in the second quarter. WINTON GROUP Ltd now owns 5,416 shares of the home improvement retailer’s stock worth $547,000 after purchasing an additional 787 shares in the last quarter. Calton & Associates Inc. raised its holdings in Lowe’s Companies by 11.5% in the second quarter. Calton & Associates Inc. now owns 3,090 shares of the home improvement retailer’s stock worth $312,000 after purchasing an additional 319 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in Lowe’s Companies by 70.8% in the second quarter. Valeo Financial Advisors LLC now owns 2,629 shares of the home improvement retailer’s stock worth $265,000 after purchasing an additional 1,090 shares in the last quarter. Norway Savings Bank raised its holdings in Lowe’s Companies by 58.5% in the second quarter. Norway Savings Bank now owns 3,075 shares of the home improvement retailer’s stock worth $310,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Chicago Capital LLC raised its holdings in Lowe’s Companies by 4.5% in the second quarter. Chicago Capital LLC now owns 276,216 shares of the home improvement retailer’s stock worth $27,873,000 after purchasing an additional 11,927 shares in the last quarter. Institutional investors and hedge funds 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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