Guggenheim assumed coverage on shares of Lowe’s Companies (NYSE:LOW) in a report issued on Tuesday, Marketbeat reports. The firm issued a buy rating and a $95.00 price objective on the home improvement retailer’s stock.
Several other analysts also recently commented on the company. Moffett Nathanson assumed coverage on Lowe’s Companies in a research note on Monday, December 4th. They set a buy rating on the stock. Atlantic Securities downgraded Lowe’s Companies from an overweight rating to a neutral rating and set a $92.00 price objective on the stock. in a research note on Tuesday, November 28th. Raymond James Financial raised Lowe’s Companies from a market perform rating to an outperform rating and set a $87.00 price objective on the stock in a research note on Monday, November 27th. UBS raised Lowe’s Companies from a market perform rating to an outperform rating in a research note on Monday, November 27th. Finally, Credit Suisse Group set a $88.00 price objective on Lowe’s Companies and gave the stock a hold rating in a research note on Friday, November 24th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have issued a buy rating to the company’s stock. Lowe’s Companies presently has a consensus rating of Hold and a consensus price target of $87.66.
Lowe’s Companies (NYSE:LOW) traded down $0.02 during trading hours on Tuesday, hitting $85.58. The stock had a trading volume of 3,908,500 shares, compared to its average volume of 5,976,761. Lowe’s Companies has a 1-year low of $70.49 and a 1-year high of $88.55. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. The company has a market cap of $71,027.50, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.29 and a beta of 1.15.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The business had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $0.88 EPS. sell-side analysts predict that Lowe’s Companies will post 4.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio is 39.33%.
In related news, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the sale, 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 document filed with the SEC, which is available through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the sale, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The disclosure for this sale can be found here. Insiders sold a total of 13,303 shares of company stock worth $1,047,406 in the last three months. Company insiders own 0.11% of the company’s stock.
Several large investors have recently added to or reduced their stakes in LOW. Bernicke Wealth Management Ltd. acquired a new stake in shares of Lowe’s Companies in the first quarter valued at about $280,000. Peak Asset Management LLC increased its position in shares of Lowe’s Companies by 1.6% in the first quarter. Peak Asset Management LLC now owns 10,635 shares of the home improvement retailer’s stock valued at $874,000 after acquiring an additional 170 shares during the last quarter. Homrich & Berg acquired a new stake in shares of Lowe’s Companies in the first quarter valued at about $215,000. TIAA CREF Investment Management LLC grew its holdings in Lowe’s Companies by 16.4% during the first quarter. TIAA CREF Investment Management LLC now owns 4,697,280 shares of the home improvement retailer’s stock worth $386,163,000 after purchasing an additional 660,974 shares during the period. Finally, Bridgewater Associates LP grew its holdings in Lowe’s Companies by 2.1% during the first quarter. Bridgewater Associates LP now owns 19,612 shares of the home improvement retailer’s stock worth $1,612,000 after purchasing an additional 412 shares during the period. 73.40% of the stock is currently owned by institutional investors and hedge funds.
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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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