Lowe’s Companies (LOW) Downgraded to Hold at Gordon Haskett

Gordon Haskett downgraded shares of Lowe’s Companies (NYSE:LOW) from an accumulate rating to a hold rating in a research report report published on Thursday morning, MarketBeat reports.

Several other equities analysts have also recently issued reports on LOW. Zacks Investment Research cut Lowe’s Companies from a buy rating to a hold rating in a research note on Tuesday, August 14th. Stifel Nicolaus boosted their target price on Lowe’s Companies from $105.00 to $125.00 and gave the company a buy rating in a research note on Thursday, August 23rd. Credit Suisse Group reissued a hold rating and set a $111.00 target price on shares of Lowe’s Companies in a research note on Monday. Wedbush set a $115.00 target price on Lowe’s Companies and gave the company a neutral rating in a research note on Monday, October 15th. Finally, KeyCorp boosted their target price on Lowe’s Companies from $115.00 to $125.00 and gave the company an overweight rating in a research note on Thursday, August 23rd. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Lowe’s Companies presently has an average rating of Buy and a consensus target price of $112.41.

Shares of LOW traded down $2.65 during mid-day trading on Thursday, hitting $96.82. 5,166,231 shares of the company’s stock traded hands, compared to its average volume of 5,718,346. 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 has a 1 year low of $77.14 and a 1 year high of $117.70. The stock has a market capitalization of $78.81 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.31 and a beta of 1.52.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.05. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. The firm had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.79 billion. During the same period in the previous year, the firm earned $1.57 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. Research analysts forecast that Lowe’s Companies will post 5.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 6th. Investors of record on Wednesday, January 23rd will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.98%. Lowe’s Companies’s dividend payout ratio is presently 43.74%.

In related news, Director Lisa W. Wardell bought 273 shares of the company’s stock in a transaction on Friday, August 24th. The shares were acquired at an average cost of $107.72 per share, with a total value of $29,407.56. Following the completion of the acquisition, the director now owns 273 shares of the company’s stock, valued at approximately $29,407.56. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Marshall A. Croom sold 15,735 shares of the business’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total value 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 $7,231,776.39. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Almanack Investment Partners LLC. bought a new stake in Lowe’s Companies in the second quarter worth $103,000. CSat Investment Advisory L.P. purchased a new position in shares of Lowe’s Companies in the second quarter worth $108,000. Columbia Asset Management purchased a new position in shares of Lowe’s Companies in the third quarter worth $109,000. Capital Advisors Ltd. LLC purchased a new position in shares of Lowe’s Companies in the third quarter worth $116,000. Finally, Stelac Advisory Services LLC purchased a new position in shares of Lowe’s Companies in the third quarter worth $123,000. 74.59% of the stock is currently owned by institutional investors and hedge funds.

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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