Deutsche Bank Analysts Give Lowe’s Companies (LOW) a $101.00 Price Target

Deutsche Bank set a $101.00 price objective on Lowe’s Companies (NYSE:LOW) in a research note released on Wednesday. The firm currently has a buy rating on the home improvement retailer’s stock.

Other equities research analysts have also recently issued research reports about the company. Argus increased their price target on Lowe’s Companies to $120.00 and gave the company a buy rating in a research note on Thursday, August 23rd. Bank of America increased their price target on Lowe’s Companies from $113.00 to $126.00 and gave the company a buy rating in a research note on Thursday, August 23rd. UBS Group increased their price target on Lowe’s Companies from $115.00 to $120.00 and gave the company a buy rating in a research note on Thursday, August 23rd. Stifel Nicolaus increased their price target 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. Finally, Loop Capital set a $130.00 price target on Lowe’s Companies and gave the company a buy rating in a research note on Wednesday, August 22nd. Eleven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $108.89.

LOW opened at $87.81 on Wednesday. Lowe’s Companies has a 1-year low of $79.11 and a 1-year high of $117.70. The company has a current ratio of 1.00, a quick ratio of 0.25 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $70.97 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 1.19 and a beta of 1.52.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The business had revenue of $17.42 billion for the quarter, compared to analysts’ expectations of $17.36 billion. During the same quarter in the prior year, the business earned $1.05 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts expect that Lowe’s Companies will post 5.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Wednesday, January 23rd will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Tuesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 43.74%.

In other news, CFO Marshall A. Croom sold 15,735 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total transaction 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 SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Columbia Asset Management acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth $109,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth $116,000. Stelac Advisory Services LLC acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth $123,000. Almanack Investment Partners LLC. acquired a new stake in shares of Lowe’s Companies during the 2nd quarter worth $103,000. Finally, Rational Advisors LLC grew its holdings in shares of Lowe’s Companies by 1,005.9% during the 3rd quarter. Rational Advisors LLC now owns 1,117 shares of the home improvement retailer’s stock worth $128,000 after purchasing an additional 1,016 shares in the last quarter. 73.95% of the stock is currently owned by 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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