Lowe’s Companies, Inc. (NYSE:LOW) has been given a consensus recommendation of “Buy” by the thirty brokerages that are presently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and twenty-one have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $111.60.
A number of analysts have recently weighed in on the stock. Barclays lowered shares of Lowe’s Companies from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $120.00 to $105.00 in a research note on Wednesday. ValuEngine upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Monday. Wedbush set a $95.00 price target on shares of Lowe’s Companies and gave the stock a “hold” rating in a report on Thursday, December 13th. Royal Bank of Canada increased their price target on shares of Lowe’s Companies to $105.00 and gave the stock an “outperform” rating in a report on Thursday, December 13th. Finally, SunTrust Banks increased their price target on shares of Lowe’s Companies to $128.00 and gave the stock a “buy” rating in a report on Thursday, December 13th.
Shares of NYSE:LOW traded up $1.42 during midday trading on Friday, reaching $97.40. The company’s stock had a trading volume of 1,389,587 shares, compared to its average volume of 4,656,145. The firm has a market capitalization of $77.91 billion, a P/E ratio of 22.19, a PEG ratio of 1.35 and a beta of 1.35. Lowe’s Companies has a twelve month low of $81.16 and a twelve month high of $117.70. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.00 and a quick ratio of 0.18.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.06. The firm had revenue of $17.42 billion for the quarter, compared to analyst estimates of $17.36 billion. Lowe’s Companies had a net margin of 5.19% and a return on equity of 72.47%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 earnings per share. Equities analysts anticipate that Lowe’s Companies will post 5.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Wednesday, January 23rd will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.97%. The ex-dividend date is Tuesday, January 22nd. Lowe’s Companies’s payout ratio is 43.74%.
In related news, Director Brian C. Rogers acquired 10,000 shares of the firm’s stock in a transaction on Friday, November 23rd. The shares were acquired at an average cost of $88.02 per share, with a total value of $880,200.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $880,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC raised its position in shares of Lowe’s Companies by 8.0% in the third quarter. FMR LLC now owns 21,879,740 shares of the home improvement retailer’s stock valued at $2,512,233,000 after buying an additional 1,616,536 shares during the last quarter. Capital International Investors acquired a new stake in shares of Lowe’s Companies in the third quarter valued at about $746,818,000. Winslow Capital Management LLC raised its position in shares of Lowe’s Companies by 28.4% in the third quarter. Winslow Capital Management LLC now owns 4,081,562 shares of the home improvement retailer’s stock valued at $468,645,000 after buying an additional 901,607 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Lowe’s Companies by 50.0% in the third quarter. AQR Capital Management LLC now owns 2,641,814 shares of the home improvement retailer’s stock valued at $303,333,000 after buying an additional 880,253 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Lowe’s Companies by 1.1% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,613,391 shares of the home improvement retailer’s stock valued at $300,070,000 after buying an additional 27,559 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors and hedge funds.
About Lowe’s Companies
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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