Lowe’s Companies (NYSE:LOW) Cut to Sell at ValuEngine

Lowe’s Companies (NYSE:LOW) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, ValuEngine reports.

Other research analysts have also issued reports about the company. Wedbush upped their target price on Lowe’s Companies from $125.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Guggenheim upped their target price on Lowe’s Companies from $135.00 to $175.00 in a research note on Thursday, August 20th. Jefferies Financial Group upped their target price on Lowe’s Companies from $193.00 to $205.00 in a research note on Wednesday, August 26th. The Goldman Sachs Group upped their target price on Lowe’s Companies from $149.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Finally, Wells Fargo & Company upped their price target on Lowe’s Companies from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Lowe’s Companies presently has a consensus rating of “Buy” and a consensus price target of $169.16.

Shares of LOW stock opened at $153.45 on Tuesday. Lowe’s Companies has a 12 month low of $60.00 and a 12 month high of $180.67. The firm has a market cap of $115.97 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.22 and a beta of 1.52. The stock has a 50 day moving average of $167.40 and a 200-day moving average of $144.66. The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 4.64.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 19th. The home improvement retailer reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $2.95 by $0.80. The business had revenue of $27.30 billion during the quarter, compared to analyst estimates of $24.24 billion. Lowe’s Companies had a return on equity of 228.17% and a net margin of 7.12%. Lowe’s Companies’s revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.15 earnings per share. As a group, equities analysts predict that Lowe’s Companies will post 8.51 EPS for the current fiscal year.

In other news, EVP Ross W. Mccanless sold 62,838 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $168.33, for a total transaction of $10,577,520.54. Following the transaction, the executive vice president now owns 72,967 shares of the company’s stock, valued at $12,282,535.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Triton Wealth Management PLLC lifted its stake in Lowe’s Companies by 3.9% in the third quarter. Triton Wealth Management PLLC now owns 1,535 shares of the home improvement retailer’s stock valued at $258,000 after buying an additional 58 shares during the period. Strategic Wealth Management Group LLC raised its position in shares of Lowe’s Companies by 3.8% during the third quarter. Strategic Wealth Management Group LLC now owns 1,697 shares of the home improvement retailer’s stock worth $281,000 after purchasing an additional 62 shares during the period. JJJ Advisors Inc. raised its position in shares of Lowe’s Companies by 19.6% during the third quarter. JJJ Advisors Inc. now owns 391 shares of the home improvement retailer’s stock worth $65,000 after purchasing an additional 64 shares during the period. Glassman Wealth Services raised its position in shares of Lowe’s Companies by 5.1% during the third quarter. Glassman Wealth Services now owns 1,452 shares of the home improvement retailer’s stock worth $241,000 after purchasing an additional 70 shares during the period. Finally, Peoples Bank OH grew its holdings in shares of Lowe’s Companies by 1.6% during the second quarter. Peoples Bank OH now owns 4,750 shares of the home improvement retailer’s stock worth $642,000 after buying an additional 75 shares in the last quarter. 74.63% of the stock is currently owned by institutional investors and hedge funds.

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 appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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