Lowe's Companies, Inc. (NYSE:LOW) saw unusually-strong trading volume on Friday . Approximately 14,246,154 shares were traded during trading, an increase of 153% from the previous session’s volume of 5,634,488 shares.The stock last traded at $100.86 and had previously closed at $95.74.
Several equities analysts recently weighed in on LOW shares. 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 target price on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $84.00 target price on shares of Lowe's Companies in a research report on Tuesday, November 7th. Deutsche Bank reiterated a “buy” rating and set a $90.00 target price (up from $85.00) on shares of Lowe's Companies in a research report on Friday, October 6th. Zacks Investment Research upgraded Lowe's Companies from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday, November 1st. Finally, Robert W. Baird set a $87.00 target price on Lowe's Companies and gave the company a “buy” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $88.62.
The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02. The stock has a market capitalization of $83,690.00, a price-to-earnings ratio of 24.25, a P/E/G ratio of 1.43 and a beta of 1.14.
Lowe's Companies (NYSE:LOW) last issued its 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. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the previous year, the firm posted $0.88 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. sell-side analysts expect that Lowe's Companies, Inc. will post 4.51 EPS 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 issued a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a dividend yield of 1.63%. Lowe's Companies’s dividend payout ratio (DPR) is 39.42%.
In other news, insider Nelson B. Peace sold 3,352 shares of Lowe's Companies stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $80.20, for a total value of $268,830.40. Following the sale, the insider now directly owns 4,650 shares of the company’s stock, valued at $372,930. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.11% of the company’s stock.
Several hedge funds have recently modified their holdings of LOW. Summit Global Investments bought a new stake in Lowe's Companies during the second quarter worth approximately $1,421,000. Ffcm LLC increased its stake in Lowe's Companies by 6.4% during the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock worth $2,395,000 after acquiring an additional 1,853 shares during the last quarter. Burney Co. increased its stake in Lowe's Companies by 3.9% during the second quarter. Burney Co. now owns 145,724 shares of the home improvement retailer’s stock worth $11,162,000 after acquiring an additional 5,453 shares during the last quarter. PGGM Investments increased its stake in Lowe's Companies by 45.8% during the third quarter. PGGM Investments now owns 986,226 shares of the home improvement retailer’s stock worth $78,839,000 after acquiring an additional 309,870 shares during the last quarter. Finally, FIL Ltd increased its stake in Lowe's Companies by 8.6% during the second quarter. FIL Ltd now owns 1,972,527 shares of the home improvement retailer’s stock worth $152,931,000 after acquiring an additional 155,662 shares during the last quarter. 73.12% of the stock is currently owned by hedge funds and other 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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