Jefferies Group LLC reaffirmed their hold rating on shares of Lowe’s Companies, Inc. (NYSE:LOW) in a research report report published on Thursday. Jefferies Group LLC currently has a $75.00 target price on the home improvement retailer’s stock, down from their previous target price of $89.00. Jefferies Group also issued estimates for Lowe’s Companies’ Q3 2018 earnings at $1.03 EPS.

Several other equities analysts have also commented on the stock. Piper Jaffray Companies reissued a hold rating and issued a $80.00 target price (down from $83.00) on shares of Lowe’s Companies in a report on Thursday. Morgan Stanley set a $81.00 target price on shares of Lowe’s Companies and gave the company an overweight rating in a report on Thursday. Deutsche Bank AG decreased their target price on shares of Lowe’s Companies from $92.00 to $85.00 and set a buy rating on the stock in a report on Thursday. Credit Suisse Group set a $83.00 target price on shares of Lowe’s Companies and gave the company a buy rating in a report on Thursday. Finally, Robert W. Baird set a $87.00 target price on shares of Lowe’s Companies and gave the company a buy rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. Lowe’s Companies currently has a consensus rating of Hold and a consensus target price of $84.57.

Shares of Lowe’s Companies (NYSE:LOW) traded up 1.02% during trading on Thursday, reaching $73.35. 6,425,491 shares of the company’s stock were exchanged. The company has a market capitalization of $61.39 billion, a PE ratio of 20.83 and a beta of 1.08. The company has a 50 day moving average price of $75.99 and a 200-day moving average price of $79.50. Lowe’s Companies has a 52-week low of $64.87 and a 52-week high of $86.25.

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

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/27/jefferies-group-llc-reaffirms-hold-rating-for-lowes-companies-inc-low.html.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 annualized dividend and a yield of 2.24%. Lowe’s Companies’s dividend payout ratio is presently 46.20%.

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

A number of large investors have recently bought and sold shares of LOW. Vanguard Group Inc. increased its position in shares of Lowe’s Companies by 1.4% in the second quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock worth $5,021,542,000 after buying an additional 897,911 shares during the period. BlackRock Inc. increased its position in shares of Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after buying an additional 58,073,138 shares during the period. FMR LLC increased its position in shares of Lowe’s Companies by 62.6% in the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after buying an additional 3,732,153 shares during the period. Ameriprise Financial Inc. increased its position in shares of Lowe’s Companies by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock worth $719,560,000 after buying an additional 64,780 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Lowe’s Companies by 8.2% in the first quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock worth $726,481,000 after buying an additional 671,581 shares during the period. Institutional investors and hedge funds own 74.65% of the company’s stock.

About Lowe’s Companies

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)

Receive News & Stock Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related stocks with our FREE daily email newsletter.