Robert W. Baird reiterated their buy rating on shares of Lowe's Companies (NYSE:LOW) in a report issued on Wednesday, January 3rd. They currently have a $110.00 price target on the home improvement retailer’s stock.

A number of other brokerages have also recently weighed in on LOW. Bank of America initiated coverage on shares of Lowe's Companies in a report on Tuesday, September 5th. They issued a buy rating and a $95.00 price objective on the stock. Zacks Investment Research upgraded shares of Lowe's Companies from a sell rating to a hold rating in a report on Monday, September 11th. Royal Bank of Canada restated a buy rating and issued a $81.00 price objective on shares of Lowe's Companies in a report on Monday, September 25th. Jefferies Group restated a hold rating and issued a $75.00 price objective on shares of Lowe's Companies in a report on Thursday, September 28th. Finally, Piper Jaffray Companies restated a hold rating and issued a $80.00 price objective on shares of Lowe's Companies in a report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-one have assigned a buy rating to the stock. Lowe's Companies has a consensus rating of Buy and a consensus price target of $93.59.

Lowe's Companies (NYSE LOW) opened at $105.73 on Wednesday. Lowe's Companies has a 52-week low of $70.76 and a 52-week high of $108.98. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02. The stock has a market cap of $89,116.29, a PE ratio of 25.42, a P/E/G ratio of 1.47 and a beta of 1.14.

Lowe's Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The company had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the previous year, the company earned $0.88 earnings per share. Lowe's Companies’s quarterly revenue was up 6.6% on a year-over-year basis. research analysts forecast that Lowe's Companies will post 4.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 1.55%. Lowe's Companies’s dividend payout ratio (DPR) is 39.33%.

Lowe's Companies declared that its Board of Directors has authorized a share buyback plan on Friday, January 26th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the transaction, the insider now directly owns 4,650 shares in the company, valued at $372,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbour Capital Advisors LLC purchased a new stake in shares of Lowe's Companies in the first quarter worth $103,000. Atlantic Trust LLC purchased a new stake in shares of Lowe's Companies in the second quarter worth $105,000. State of Alaska Department of Revenue increased its stake in shares of Lowe's Companies by 8.3% in the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after purchasing an additional 110 shares in the last quarter. Stonehearth Capital Management LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter worth $112,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter worth $129,000. Institutional investors and hedge funds own 72.50% of the company’s stock.

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Lowe's Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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