Piper Jaffray Companies reissued their hold rating on shares of Lowe’s Companies, Inc. (NYSE:LOW) in a research note issued to investors on Thursday. The brokerage currently has a $80.00 price target on the home improvement retailer’s stock, down from their prior price target of $83.00.

Other equities research analysts also recently issued research reports about the company. Vetr downgraded Lowe’s Companies from a hold rating to a sell rating and set a $83.11 price target on the stock. in a research report on Monday, May 8th. Jefferies Group LLC increased their price target on Lowe’s Companies from $80.00 to $94.00 and gave the stock a hold rating in a research report on Friday, May 12th. Credit Suisse Group set a $94.00 price target on Lowe’s Companies and gave the stock a buy rating in a research report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. set a $100.00 price target on Lowe’s Companies and gave the stock a buy rating in a research report on Wednesday, May 24th. Finally, Stifel Nicolaus reissued a buy rating and set a $87.00 price target on shares of Lowe’s Companies in a research report on Friday, July 21st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $84.57.

Shares of Lowe’s Companies (LOW) traded up 0.92% during trading on Thursday, hitting $73.28. The company’s stock had a trading volume of 3,796,621 shares. The firm’s 50 day moving average is $76.08 and its 200-day moving average is $79.50. Lowe’s Companies has a 1-year low of $64.87 and a 1-year high of $86.25. The company has a market capitalization of $61.34 billion, a P/E ratio of 20.81 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by $0.05. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. During the same period in the previous year, the company posted $1.37 EPS. Lowe’s Companies’s revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts forecast that Lowe’s Companies will post $4.51 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s payout ratio is 46.20%.

In related news, insider Richard D. Maltsbarger sold 11,672 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total transaction of $936,094.40. Following the completion of the transaction, the insider now directly owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SRS Capital Advisors Inc. raised its position in shares of Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 5 shares in the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Lowe’s Companies by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock valued at $275,000 after buying an additional 13 shares in the last quarter. Winfield Associates Inc. raised its position in shares of Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock valued at $196,000 after buying an additional 15 shares in the last quarter. Modera Wealth Management LLC raised its position in shares of Lowe’s Companies by 0.3% in the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock valued at $405,000 after buying an additional 15 shares in the last quarter. Finally, Alps Advisors Inc. raised its position in shares of Lowe’s Companies by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock valued at $453,000 after buying an additional 15 shares in the last quarter. 74.65% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies 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.

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

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