Lowe’s Companies (NYSE:LOW) received a $111.00 price target from stock analysts at Credit Suisse Group in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the home improvement retailer’s stock. Credit Suisse Group’s price target would suggest a potential upside of 28.80% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Wedbush set a $105.00 target price on shares of Lowe’s Companies and gave the company a “hold” rating in a report on Thursday, August 23rd. Jefferies Financial Group set a $119.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday. Bank of America upped their target price on shares of Lowe’s Companies from $113.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, August 23rd. Finally, Argus upped their target price on shares of Lowe’s Companies to $120.00 and gave the company a “buy” rating in a report on Thursday, August 23rd. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $112.15.

Lowe’s Companies stock opened at $86.18 on Tuesday. Lowe’s Companies has a one year low of $79.11 and a one year high of $117.70. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.06 and a quick ratio of 0.25. The stock has a market cap of $73.84 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.52.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.06. The company had revenue of $17.42 billion for the quarter, compared to analysts’ expectations of $17.36 billion. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. Lowe’s Companies’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS. On average, sell-side analysts expect that Lowe’s Companies will post 5.17 earnings per share for the current fiscal year.

In other Lowe’s Companies news, Director Lisa W. Wardell bought 273 shares of the stock in a transaction dated Friday, August 24th. The shares were bought at an average cost of $107.72 per share, with a total value of $29,407.56. Following the completion of the acquisition, the director now owns 273 shares of the company’s stock, valued at $29,407.56. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Marshall A. Croom sold 15,735 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total transaction of $1,803,388.35. Following the transaction, the chief financial officer now directly owns 63,099 shares in the company, valued at $7,231,776.39. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in shares of Lowe’s Companies by 1.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 322,325 shares of the home improvement retailer’s stock worth $37,009,000 after acquiring an additional 3,880 shares in the last quarter. Woodstock Corp boosted its position in shares of Lowe’s Companies by 37.3% during the 3rd quarter. Woodstock Corp now owns 8,975 shares of the home improvement retailer’s stock worth $1,031,000 after acquiring an additional 2,440 shares in the last quarter. BTC Capital Management Inc. boosted its position in Lowe’s Companies by 8.5% in the second quarter. BTC Capital Management Inc. now owns 44,138 shares of the home improvement retailer’s stock valued at $4,219,000 after buying an additional 3,470 shares in the last quarter. Verition Fund Management LLC boosted its position in Lowe’s Companies by 463.6% in the second quarter. Verition Fund Management LLC now owns 52,429 shares of the home improvement retailer’s stock valued at $5,011,000 after buying an additional 43,126 shares in the last quarter. Finally, First American Bank acquired a new stake in Lowe’s Companies in the third quarter valued at approximately $10,048,000. 73.95% of the stock is currently owned by institutional investors.

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. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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Analyst Recommendations for Lowe`s Companies (NYSE:LOW)

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