Lowe’s Cos. (NYSE:LOW)‘s stock had its “buy” rating reaffirmed by stock analysts at Credit Suisse Group AG in a note issued to investors on Wednesday.

A number of other brokerages have also recently issued reports on LOW. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $94.00 price objective on shares of Lowe’s Cos. in a report on Monday, August 29th. Vetr raised shares of Lowe’s Cos. from a “buy” rating to a “strong-buy” rating and set a $92.50 price target on the stock in a research note on Friday, August 12th. Jefferies Group reaffirmed a “hold” rating on shares of Lowe’s Cos. in a research note on Monday, September 12th. JPMorgan Chase & Co. lowered shares of Lowe’s Cos. from an “overweight” rating to a “neutral” rating and cut their price target for the company from $87.00 to $72.00 in a research note on Wednesday, October 26th. Finally, Zacks Investment Research lowered shares of Lowe’s Cos. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. Thirteen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Lowe’s Cos. presently has an average rating of “Buy” and an average target price of $81.93.

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

Lowe’s Cos. (NYSE:LOW) opened at 71.77 on Wednesday. Lowe’s Cos. has a 52 week low of $62.62 and a 52 week high of $83.65. The stock’s 50 day moving average is $69.19 and its 200 day moving average is $75.62. The firm has a market cap of $62.66 billion, a price-to-earnings ratio of 26.35 and a beta of 1.25.

Lowe’s Cos. (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by $0.08. The firm had revenue of $15.70 billion for the quarter, compared to analyst estimates of $15.86 billion. Lowe’s Cos. had a net margin of 3.91% and a return on equity of 46.46%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. Equities research analysts expect that Lowe’s Cos. will post $3.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be issued a $0.35 dividend. The ex-dividend date is Monday, January 23rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.95%. Lowe’s Cos.’s dividend payout ratio (DPR) is currently 51.28%.

Several hedge funds and other institutional investors have recently bought and sold shares of LOW. BlackRock Institutional Trust Company N.A. boosted its position in Lowe’s Cos. by 2.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 26,101,834 shares of the home improvement retailer’s stock worth $1,884,813,000 after buying an additional 698,133 shares during the period. Ameriprise Financial Inc. boosted its position in Lowe’s Cos. by 1.0% in the third quarter. Ameriprise Financial Inc. now owns 13,296,128 shares of the home improvement retailer’s stock worth $960,149,000 after buying an additional 134,459 shares during the period. BlackRock Fund Advisors boosted its position in Lowe’s Cos. by 1.0% in the third quarter. BlackRock Fund Advisors now owns 12,081,066 shares of the home improvement retailer’s stock worth $872,374,000 after buying an additional 113,988 shares during the period. BlackRock Group LTD boosted its position in Lowe’s Cos. by 7.3% in the third quarter. BlackRock Group LTD now owns 8,524,664 shares of the home improvement retailer’s stock worth $615,566,000 after buying an additional 578,650 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in Lowe’s Cos. during the third quarter worth approximately $435,695,000. 74.34% of the stock is owned by hedge funds and other institutional investors.

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Lowe’s Cos. Company Profile

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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