Moffett Nathanson Initiates Coverage on Lowe’s Companies (LOW)

Moffett Nathanson began coverage on shares of Lowe’s Companies (NYSE:LOW) in a research note issued to investors on Monday. The brokerage set a “buy” rating on the home improvement retailer’s stock.

Other analysts have also recently issued reports about the company. Gordon Haskett started coverage on Lowe’s Companies in a research report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price objective on the stock. Oppenheimer set a $100.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Deutsche Bank lowered their price objective on Lowe’s Companies from $92.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, August 24th. Credit Suisse Group set a $83.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research report on Thursday, August 24th. Finally, Robert W. Baird set a $87.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the stock. Lowe’s Companies currently has an average rating of “Hold” and an average target price of $87.40.

Shares of Lowe’s Companies (NYSE:LOW) opened at $86.31 on Monday. The stock has a market capitalization of $73,161.24, a P/E ratio of 19.52, a PEG ratio of 1.41 and a beta of 1.15. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. Lowe’s Companies has a 1 year low of $70.49 and a 1 year high of $88.55.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. Lowe’s Companies’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 earnings per share. analysts predict that Lowe’s Companies will post 4.51 EPS for the current year.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the transaction, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the transaction, the insider now directly owns 4,650 shares in the company, valued at approximately $372,930. The disclosure for this sale can be found here. In the last three months, insiders sold 13,303 shares of company stock worth $1,047,406. Insiders own 0.11% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Lowe’s Companies by 1.4% during the second quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock valued at $5,021,542,000 after acquiring an additional 897,911 shares during the period. BlackRock Inc. lifted its stake in shares of Lowe’s Companies by 1,757.3% during the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after acquiring an additional 58,073,138 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Lowe’s Companies by 40.3% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,144,020 shares of the home improvement retailer’s stock valued at $1,210,613,000 after acquiring an additional 4,351,830 shares during the period. FMR LLC lifted its stake in shares of Lowe’s Companies by 62.6% during the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after acquiring an additional 3,732,153 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Lowe’s Companies by 0.7% during the second quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock valued at $719,560,000 after acquiring an additional 64,780 shares during the period. 73.29% of the stock is currently owned by institutional investors.

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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.

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