UBS Group Increases Lowe’s Companies (NYSE:LOW) Price Target to $140.00

Lowe’s Companies (NYSE:LOW) had its target price increased by stock analysts at UBS Group from $130.00 to $140.00 in a note issued to investors on Thursday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the home improvement retailer’s stock. UBS Group’s price target points to a potential upside of 14.52% from the company’s previous close.

Several other equities analysts have also recently issued reports on LOW. Zacks Investment Research cut Lowe’s Companies from a “hold” rating to a “sell” rating and set a $108.00 price objective on the stock. in a research note on Tuesday, April 28th. Guggenheim restated a “buy” rating and set a $135.00 price objective on shares of Lowe’s Companies in a research note on Wednesday. Nomura Instinet raised their price objective on Lowe’s Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday. TheStreet upgraded Lowe’s Companies from a “c+” rating to a “b-” rating in a research note on Monday, May 11th. Finally, Cfra increased their target price on Lowe’s Companies from $125.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. Lowe’s Companies presently has an average rating of “Buy” and an average target price of $132.54.

Shares of Lowe’s Companies stock traded up $1.61 on Thursday, hitting $122.25. 6,063,492 shares of the company’s stock traded hands, compared to its average volume of 6,207,421. The stock has a market cap of $91.08 billion, a P/E ratio of 20.65, a PEG ratio of 1.33 and a beta of 1.38. The company has a quick ratio of 0.14, a current ratio of 1.20 and a debt-to-equity ratio of 14.05. The firm’s 50-day moving average is $101.42 and its 200 day moving average is $110.02. Lowe’s Companies has a 52-week low of $60.00 and a 52-week high of $126.73.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.45. Lowe’s Companies had a return on equity of 220.44% and a net margin of 6.17%. The firm had revenue of $19.68 billion for the quarter, compared to analysts’ expectations of $18.33 billion. During the same period last year, the business posted $1.22 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities research analysts forecast that Lowe’s Companies will post 5.97 EPS for the current year.

In other news, CEO Marvin R. Ellison bought 10,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average cost of $103.86 per share, with a total value of $1,038,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 90,090 shares in the company, valued at $9,356,747.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in LOW. Norges Bank acquired a new position in Lowe’s Companies during the fourth quarter worth about $974,104,000. Nuveen Asset Management LLC grew its holdings in Lowe’s Companies by 31.7% during the first quarter. Nuveen Asset Management LLC now owns 8,170,002 shares of the home improvement retailer’s stock worth $703,029,000 after acquiring an additional 1,966,342 shares during the period. Fred Alger Management LLC grew its holdings in Lowe’s Companies by 967.2% during the first quarter. Fred Alger Management LLC now owns 1,891,030 shares of the home improvement retailer’s stock worth $162,723,000 after acquiring an additional 1,713,842 shares during the period. Bank of New York Mellon Corp grew its holdings in Lowe’s Companies by 26.9% during the first quarter. Bank of New York Mellon Corp now owns 7,782,725 shares of the home improvement retailer’s stock worth $669,704,000 after acquiring an additional 1,647,977 shares during the period. Finally, M&G Investment Management Ltd. acquired a new position in Lowe’s Companies during the fourth quarter worth about $193,572,000. 76.15% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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