Lowe’s Cos. (NYSE:LOW) was downgraded by research analysts at Goldman Sachs Group Inc. from a “conviction-buy” rating to a “buy” rating in a research report issued on Monday.

A number of other research firms have also weighed in on LOW. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $94.00 target price on shares of Lowe’s Cos. in a report on Monday, August 29th. Vetr raised Lowe’s Cos. from a “buy” rating to a “strong-buy” rating and set a $92.50 target price on the stock in a report on Friday, August 12th. Jefferies Group reissued a “hold” rating on shares of Lowe’s Cos. in a report on Monday, September 12th. Peel Hunt reissued a “buy” rating and set a $85.00 target price on shares of Lowe’s Cos. in a report on Wednesday, July 6th. Finally, Robert W. Baird set a $88.00 target price on Lowe’s Cos. and gave the stock a “buy” rating in a report on Monday, September 19th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $85.93.

Analyst Recommendations for Lowe`s Cos. (NYSE:LOW)

Lowe’s Cos. (NYSE:LOW) opened at 71.00 on Monday. The company has a market capitalization of $62.10 billion, a PE ratio of 23.01 and a beta of 1.14. The company has a 50 day moving average price of $72.79 and a 200-day moving average price of $77.10. Lowe’s Cos. has a 12-month low of $62.62 and a 12-month high of $83.65.

Lowe’s Cos. (NYSE:LOW) last posted its earnings results on Wednesday, August 17th. The home improvement retailer reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by $0.04. The business had revenue of $18.26 billion for the quarter, compared to analyst estimates of $18.42 billion. Lowe’s Cos. had a return on equity of 43.38% and a net margin of 4.58%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share. On average, analysts anticipate that Lowe’s Cos. will post $4.02 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 19th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, October 17th. This represents a $1.40 annualized dividend and a yield of 1.96%. Lowe’s Cos.’s dividend payout ratio is presently 45.16%.

Institutional investors have recently bought and sold shares of the stock. CWM LLC increased its position in shares of Lowe’s Cos. by 0.3% in the second quarter. CWM LLC now owns 1,264 shares of the home improvement retailer’s stock worth $100,000 after buying an additional 4 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Lowe’s Cos. by 0.6% in the second quarter. Parkside Financial Bank & Trust now owns 3,006 shares of the home improvement retailer’s stock worth $238,000 after buying an additional 19 shares during the period. Mariner Wealth Advisors LLC increased its position in shares of Lowe’s Cos. by 0.8% in the first quarter. Mariner Wealth Advisors LLC now owns 2,885 shares of the home improvement retailer’s stock worth $219,000 after buying an additional 23 shares during the period. Highland Private Wealth Management increased its position in shares of Lowe’s Cos. by 1.1% in the second quarter. Highland Private Wealth Management now owns 2,734 shares of the home improvement retailer’s stock worth $217,000 after buying an additional 29 shares during the period. Finally, Aull & Monroe Investment Management Corp increased its position in shares of Lowe’s Cos. by 0.3% in the second quarter. Aull & Monroe Investment Management Corp now owns 9,892 shares of the home improvement retailer’s stock worth $783,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 75.45% of the company’s stock.

About Lowe’s Cos.

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

5 Day Chart for NYSE:LOW

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