Robert W. Baird reiterated their buy rating on shares of Lowe's Companies (NYSE:LOW) in a research report sent to investors on Wednesday. They currently have a $110.00 price target on the home improvement retailer’s stock.
Other research analysts also recently issued research reports about the stock. Bank of America began coverage on shares of Lowe's Companies in a report on Tuesday, September 5th. They set a buy rating and a $95.00 price objective on the stock. Stifel Nicolaus restated a buy rating and set a $103.00 price objective on shares of Lowe's Companies in a report on Friday, December 22nd. Piper Jaffray Companies restated a hold rating and set a $82.00 price objective on shares of Lowe's Companies in a report on Friday, November 24th. Zacks Investment Research upgraded shares of Lowe's Companies from a sell rating to a hold rating in a report on Tuesday, October 24th. Finally, SunTrust Banks restated a hold rating and set a $80.00 price objective on shares of Lowe's Companies in a report on Wednesday, November 22nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $88.62.
Lowe's Companies (NYSE:LOW) traded up $0.72 during trading on Wednesday, hitting $92.74. 3,542,700 shares of the company were exchanged, compared to its average volume of 4,895,767. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71. Lowe's Companies has a 52 week low of $70.54 and a 52 week high of $93.55. The firm has a market cap of $78,360.00, a P/E ratio of 22.29, a PEG ratio of 1.39 and a beta of 1.14.
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 for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. analysts anticipate that Lowe's Companies will post 4.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be paid a $0.41 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a dividend yield of 1.77%. Lowe's Companies’s payout ratio is 39.42%.
In other news, insider Nelson B. Peace sold 3,352 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the sale, the insider now owns 4,650 shares in the company, valued at approximately $372,930. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. grew its position in Lowe's Companies by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock valued at $453,000 after buying an additional 15 shares during the period. Bank of Stockton grew its position in Lowe's Companies by 0.6% during the second quarter. Bank of Stockton now owns 4,670 shares of the home improvement retailer’s stock valued at $362,000 after buying an additional 30 shares during the period. Brave Asset Management Inc. grew its position in Lowe's Companies by 1.5% during the second quarter. Brave Asset Management Inc. now owns 2,927 shares of the home improvement retailer’s stock valued at $227,000 after buying an additional 42 shares during the period. CHICAGO TRUST Co NA boosted its position in Lowe's Companies by 1.3% during the second quarter. CHICAGO TRUST Co NA now owns 3,606 shares of the home improvement retailer’s stock worth $280,000 after purchasing an additional 46 shares during the period. Finally, Allegis Investment Advisors LLC boosted its position in Lowe's Companies by 0.6% during the second quarter. Allegis Investment Advisors LLC now owns 10,176 shares of the home improvement retailer’s stock worth $789,000 after purchasing an additional 65 shares during the period. Institutional investors own 73.12% of the company’s stock.
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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