Lowe’s Companies, Inc. (NYSE:LOW) has earned an average rating of “Buy” from the thirty-three research firms that are covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and twenty-five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $111.76.
A number of research analysts have weighed in on the company. Wedbush set a $115.00 target price on Lowe’s Companies and gave the stock a “neutral” rating in a report on Monday, October 15th. Zacks Investment Research downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Stifel Nicolaus upped their target price on Lowe’s Companies from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. Loop Capital set a $130.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, October 24th. Finally, KeyCorp upped their target price on Lowe’s Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, August 23rd.
Shares of NYSE:LOW opened at $99.04 on Friday. Lowe’s Companies has a 1 year low of $75.36 and a 1 year high of $117.70. The stock has a market cap of $76.58 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 1.27 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.25 and a debt-to-equity ratio of 2.58.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.05. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the previous year, the business earned $1.57 EPS. Lowe’s Companies’s revenue was up 7.1% compared to the same quarter last year. On average, analysts expect that Lowe’s Companies will post 5.19 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Wednesday, October 24th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, October 23rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.94%. Lowe’s Companies’s dividend payout ratio is currently 43.74%.
In other news, CFO Marshall A. Croom sold 15,735 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lisa W. Wardell purchased 273 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was bought at an average cost of $107.72 per share, for a total transaction of $29,407.56. Following the completion of the transaction, the director now owns 273 shares in the company, valued at $29,407.56. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Capital Advisors Ltd. LLC bought a new position in Lowe’s Companies in the 3rd quarter valued at approximately $116,000. Almanack Investment Partners LLC. bought a new position in Lowe’s Companies in the 2nd quarter valued at approximately $103,000. CSat Investment Advisory L.P. bought a new position in Lowe’s Companies in the 2nd quarter valued at approximately $108,000. NuWave Investment Management LLC bought a new position in Lowe’s Companies in the 2nd quarter valued at approximately $126,000. Finally, FNY Investment Advisers LLC bought a new position in Lowe’s Companies in the 2nd quarter valued at approximately $127,000. 74.60% 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. 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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