Lowe’s Companies (LOW) Rating Increased to Buy at Citigroup

Citigroup upgraded shares of Lowe’s Companies (NYSE:LOW) from a neutral rating to a buy rating in a research note published on Tuesday morning, MarketBeat.com reports. Citigroup currently has $112.00 price target on the home improvement retailer’s stock.

Other equities research analysts also recently issued research reports about the stock. Wedbush set a $105.00 target price on shares of Lowe’s Companies and gave the stock a hold rating in a research note on Thursday, August 23rd. Bank of America increased their target price on shares of Lowe’s Companies from $113.00 to $126.00 and gave the stock a buy rating in a research note on Thursday, August 23rd. Argus increased their target price on shares of Lowe’s Companies to $120.00 and gave the stock a buy rating in a research note on Thursday, August 23rd. Telsey Advisory Group increased their target price on shares of Lowe’s Companies from $123.00 to $126.00 and gave the stock an outperform rating in a research note on Friday, September 28th. Finally, Loop Capital set a $130.00 target price on shares of Lowe’s Companies and gave the stock a buy rating in a research note on Wednesday, August 22nd. Eight investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Lowe’s Companies has a consensus rating of Buy and an average price target of $112.11.

Shares of LOW stock traded down $4.17 during mid-day trading on Tuesday, hitting $93.78. 6,600,000 shares of the stock were exchanged, compared to its average volume of 5,098,549. The firm has a market cap of $79.17 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 1.31 and a beta of 1.39. Lowe’s Companies has a 12-month low of $75.36 and a 12-month high of $117.70. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.25 and a current ratio of 1.06.



Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share for the quarter, topping 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 business 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 earned $1.57 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, research analysts predict that Lowe’s Companies will post 5.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 7th. Investors of record on Wednesday, October 24th will be given a $0.48 dividend. The ex-dividend date is Tuesday, October 23rd. This represents a $1.92 dividend on an annualized basis and a yield of 2.05%. Lowe’s Companies’s payout ratio is currently 43.74%.

In other news, CFO Marshall A. Croom sold 15,735 shares of Lowe’s Companies 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 sale, the chief financial officer now directly owns 63,099 shares in the company, valued at approximately $7,231,776.39. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lisa W. Wardell purchased 273 shares of Lowe’s Companies stock in a transaction dated Friday, August 24th. The shares were bought at an average price of $107.72 per share, with a total value of $29,407.56. Following the completion of the transaction, the director now owns 273 shares in the company, valued at approximately $29,407.56. The disclosure for this purchase can be found here. 0.30% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Capital Advisors Ltd. LLC acquired a new stake in shares of Lowe’s Companies during the 3rd quarter valued at approximately $116,000. Almanack Investment Partners LLC. purchased a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $103,000. CSat Investment Advisory L.P. purchased a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $108,000. NuWave Investment Management LLC purchased a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $126,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $127,000. Institutional investors own 74.67% of the company’s stock.

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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