Lowe’s Companies (LOW) Stock Rating Lowered by Gordon Haskett

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

LOW has been the subject of several other research reports. Raymond James boosted their price target on shares of Lowe’s Companies from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 23rd. Argus boosted their price target on shares of Lowe’s Companies to $120.00 and gave the company a “buy” rating in a report on Thursday, August 23rd. Telsey Advisory Group boosted their price target on shares of Lowe’s Companies from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Friday, September 28th. Jefferies Financial Group began coverage on shares of Lowe’s Companies in a report on Tuesday, August 21st. They issued a “buy” rating and a $118.00 price target for the company. Finally, Wells Fargo & Co boosted their price target on shares of Lowe’s Companies from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, August 23rd. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $112.41.

Shares of LOW stock opened at $96.82 on Thursday. Lowe’s Companies has a 12-month low of $77.14 and a 12-month high of $117.70. The firm has a market capitalization of $81.31 billion, a PE ratio of 19.92, a PEG ratio of 1.35 and a beta of 1.52. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.06 and a quick ratio of 0.25.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, beating the 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 analyst estimates of $20.79 billion. During the same quarter in the previous year, the business earned $1.57 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Equities analysts expect that Lowe’s Companies will post 5.18 EPS for the current fiscal year.

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

A number of large investors have recently modified their holdings of LOW. Almanack Investment Partners LLC. bought a new stake in shares of Lowe’s Companies in the 2nd quarter valued at about $103,000. CSat Investment Advisory L.P. bought a new stake in shares of Lowe’s Companies in the 2nd quarter valued at about $108,000. Columbia Asset Management bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at about $109,000. Capital Advisors Ltd. LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at about $116,000. Finally, Stelac Advisory Services LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at about $123,000. 74.59% of the stock is currently 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.

Further Reading: What is a stock split?

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

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

Leave a Reply