Lowe’s Companies (NYSE:LOW) was downgraded by Gordon Haskett from an “accumulate” rating to a “hold” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports.

A number of other brokerages also recently weighed in on LOW. Morgan Stanley cut their price target on shares of Lowe’s Companies from $125.00 to $110.00 and set an “overweight” rating for the company in a report on Tuesday, October 23rd. Citigroup raised shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $112.00 price target for the company in a report on Tuesday, October 23rd. Royal Bank of Canada upped their price target on shares of Lowe’s Companies to $118.00 and gave the stock an “outperform” rating in a report on Thursday, August 23rd. Loop Capital set a $115.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, July 18th. Finally, Wedbush set a $115.00 price target on shares of Lowe’s Companies and gave the stock a “neutral” rating in a report on Monday, October 15th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $112.41.

Shares of Lowe’s Companies stock opened at $96.82 on Thursday. Lowe’s Companies has a 1-year low of $77.14 and a 1-year high of $117.70. The company has a quick ratio of 0.25, a current ratio of 1.06 and a debt-to-equity ratio of 2.58. The company has a market cap of $81.31 billion, a PE ratio of 19.92, a PEG ratio of 1.35 and a beta of 1.52.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.05. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the prior year, the firm posted $1.57 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. On average, research analysts forecast that Lowe’s Companies will post 5.18 earnings per share for the current year.

In related news, Director Lisa W. Wardell acquired 273 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was acquired at an average price of $107.72 per share, with a total value of $29,407.56. Following the purchase, the director now directly owns 273 shares in the company, valued at $29,407.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marshall A. Croom sold 15,735 shares of the stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total transaction of $1,803,388.35. Following the completion of the transaction, the chief financial officer now directly owns 63,099 shares of the company’s stock, valued at approximately $7,231,776.39. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Lowe’s Companies by 8.0% during the third quarter. FMR LLC now owns 21,879,740 shares of the home improvement retailer’s stock worth $2,512,233,000 after buying an additional 1,616,536 shares during the period. Magellan Asset Management Ltd increased its position in shares of Lowe’s Companies by 0.3% during the second quarter. Magellan Asset Management Ltd now owns 20,201,275 shares of the home improvement retailer’s stock worth $1,930,636,000 after buying an additional 51,787 shares during the period. Ironsides Asset Advisors LLC increased its position in shares of Lowe’s Companies by 698.3% during the second quarter. Ironsides Asset Advisors LLC now owns 8,327,089 shares of the home improvement retailer’s stock worth $98,637,000 after buying an additional 7,284,000 shares during the period. Boston Partners increased its position in shares of Lowe’s Companies by 382.4% during the second quarter. Boston Partners now owns 4,784,235 shares of the home improvement retailer’s stock worth $457,230,000 after buying an additional 3,792,479 shares during the period. Finally, Winslow Capital Management LLC increased its position in shares of Lowe’s Companies by 28.4% during the third quarter. Winslow Capital Management LLC now owns 4,081,562 shares of the home improvement retailer’s stock worth $468,645,000 after buying an additional 901,607 shares during the period. 74.59% of the stock is owned by hedge funds and other institutional investors.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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