Lowe’s Companies (NYSE:LOW) Given “Neutral” Rating at DA Davidson

DA Davidson restated their neutral rating on shares of Lowe’s Companies (NYSE:LOW) in a research note released on Wednesday, MarketBeat.com reports. The brokerage currently has a $270.00 target price on the home improvement retailer’s stock.

A number of other equities research analysts have also recently weighed in on the company. Citigroup upped their price target on Lowe’s Companies from $199.00 to $236.00 and gave the stock a neutral rating in a report on Wednesday, February 21st. Wedbush upped their price target on shares of Lowe’s Companies from $215.00 to $250.00 and gave the company a neutral rating in a report on Wednesday, February 28th. StockNews.com cut shares of Lowe’s Companies from a buy rating to a hold rating in a research note on Wednesday, February 28th. Truist Financial upped their target price on Lowe’s Companies from $244.00 to $258.00 and gave the company a buy rating in a research note on Wednesday, February 28th. Finally, Evercore ISI boosted their price target on Lowe’s Companies from $250.00 to $270.00 and gave the stock an in-line rating in a report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $251.60.

Lowe’s Companies Trading Up 0.8 %

Shares of LOW stock opened at $253.33 on Wednesday. Lowe’s Companies has a 12-month low of $181.85 and a 12-month high of $262.49. The company has a market cap of $145.69 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13. The stock has a 50 day simple moving average of $231.47 and a 200-day simple moving average of $215.72.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business’s revenue was down 17.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.28 EPS. On average, equities analysts forecast that Lowe’s Companies will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.74%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Institutional Trading of Lowe’s Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in LOW. Wetzel Investment Advisors Inc. acquired a new stake in Lowe’s Companies in the fourth quarter worth approximately $25,000. Orion Capital Management LLC bought a new position in Lowe’s Companies during the third quarter valued at about $26,000. Tidemark LLC acquired a new position in Lowe’s Companies during the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. bought a new stake in Lowe’s Companies in the fourth quarter worth about $28,000. Finally, Transcendent Capital Group LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at about $31,000. 74.06% of the stock is currently owned by institutional investors.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.