Telsey Advisory Group reiterated their outperform rating on shares of Lowe’s Companies (NYSE:LOW) in a report published on Thursday, Briefing.com Automated Import reports. Telsey Advisory Group currently has a $116.00 price target on the home improvement retailer’s stock, down from their prior price target of $126.00.

Several other equities research analysts also recently issued reports on the company. ValuEngine downgraded Lowe’s Companies from a buy rating to a hold rating in a research report on Thursday. Robert W. Baird reissued an outperform rating and set a $127.00 target price (down from $133.00) on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Zacks Investment Research raised Lowe’s Companies from a sell rating to a hold rating in a research report on Thursday, May 16th. Wells Fargo & Co reissued a buy rating on shares of Lowe’s Companies in a research report on Friday, May 10th. Finally, Morgan Stanley lifted their target price on Lowe’s Companies from $115.00 to $123.00 and gave the stock an overweight rating in a research report on Monday, April 15th. Nine equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Lowe’s Companies currently has an average rating of Buy and an average price target of $113.35.

Shares of NYSE:LOW opened at $95.37 on Thursday. The stock has a market capitalization of $75.91 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.30 and a beta of 1.26. Lowe’s Companies has a 52-week low of $84.75 and a 52-week high of $118.23. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.11 and a current ratio of 0.98.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.11). The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.65 billion. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. On average, sell-side analysts predict that Lowe’s Companies will post 6.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is 37.35%.

A number of institutional investors and hedge funds have recently made changes to their positions in LOW. Bedrijfstakpensioenfonds Voor DE Media PNO bought a new position in Lowe’s Companies during the fourth quarter worth about $7,389,000. Somerset Trust Co raised its stake in shares of Lowe’s Companies by 2.6% in the fourth quarter. Somerset Trust Co now owns 31,709 shares of the home improvement retailer’s stock valued at $2,929,000 after acquiring an additional 814 shares during the last quarter. BB&T Corp raised its stake in shares of Lowe’s Companies by 2.8% in the fourth quarter. BB&T Corp now owns 247,194 shares of the home improvement retailer’s stock valued at $22,831,000 after acquiring an additional 6,793 shares during the last quarter. Dakota Wealth Management raised its stake in shares of Lowe’s Companies by 1.2% in the fourth quarter. Dakota Wealth Management now owns 10,542 shares of the home improvement retailer’s stock valued at $1,091,000 after acquiring an additional 120 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $299,000. Hedge funds and other institutional investors own 75.53% 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.

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

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