Lowe’s Companies (NYSE:LOW) has been given a $119.00 target price by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the home improvement retailer’s stock. Jefferies Financial Group’s target price indicates a potential upside of 34.66% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Argus lifted their target price on shares of Lowe’s Companies to $120.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. Deutsche Bank lifted their target price on shares of Lowe’s Companies to $118.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. Bank of America lifted their target price on shares of Lowe’s Companies from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. UBS Group lifted their target price on shares of Lowe’s Companies from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. Finally, Stifel Nicolaus lifted their target price on shares of Lowe’s Companies from $105.00 to $125.00 and gave the stock 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 stock. Lowe’s Companies has an average rating of “Buy” and a consensus price target of $108.89.

Shares of LOW opened at $88.37 on Tuesday. The firm has a market capitalization of $73.84 billion, a P/E ratio of 20.13, a PEG ratio of 1.23 and a beta of 1.52. Lowe’s Companies has a one year low of $79.11 and a one year high of $117.70. The company has a current ratio of 1.06, a quick ratio of 0.25 and a debt-to-equity ratio of 2.58.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The firm had revenue of $17.42 billion for the quarter, compared to the consensus estimate of $17.36 billion. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. On average, research analysts expect that Lowe’s Companies will post 5.17 EPS for the current fiscal year.

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

Several institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in shares of Lowe’s Companies by 8.0% during the 3rd quarter. FMR LLC now owns 21,879,740 shares of the home improvement retailer’s stock valued at $2,512,233,000 after acquiring an additional 1,616,536 shares in the last quarter. Magellan Asset Management Ltd boosted its position in shares of Lowe’s Companies by 0.3% during the 2nd quarter. Magellan Asset Management Ltd now owns 20,201,275 shares of the home improvement retailer’s stock valued at $1,930,636,000 after acquiring an additional 51,787 shares in the last quarter. Capital International Investors acquired a new stake in shares of Lowe’s Companies during the 3rd quarter valued at about $746,818,000. Boston Partners boosted its position in shares of Lowe’s Companies by 382.4% during the 2nd quarter. Boston Partners now owns 4,784,235 shares of the home improvement retailer’s stock valued at $457,230,000 after acquiring an additional 3,792,479 shares in the last quarter. Finally, Winslow Capital Management LLC boosted its position in shares of Lowe’s Companies by 28.4% during the 3rd quarter. Winslow Capital Management LLC now owns 4,081,562 shares of the home improvement retailer’s stock valued at $468,645,000 after acquiring an additional 901,607 shares in the last quarter. Institutional investors and hedge funds own 73.95% 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. 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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