Shares of Lowe’s Companies, Inc. (NYSE:LOW) have been assigned a consensus recommendation of “Buy” from the twenty-five ratings firms that are currently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $114.52.
Several research firms have weighed in on LOW. Zacks Investment Research upgraded Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Thursday. Citigroup raised their price target on Lowe’s Companies from $125.00 to $127.00 and gave the company a “buy” rating in a report on Monday, April 1st. Wells Fargo & Co raised their price target on Lowe’s Companies from $110.00 to $120.00 in a report on Thursday, February 28th. Morgan Stanley raised their price target on Lowe’s Companies from $115.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Loop Capital raised their price target on Lowe’s Companies from $99.00 to $102.00 and gave the company a “hold” rating in a report on Wednesday, February 27th.
LOW traded up $0.43 on Thursday, hitting $109.02. 3,712,052 shares of the company’s stock traded hands, compared to its average volume of 3,425,266. The company has a market capitalization of $86.77 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.26. Lowe’s Companies has a one year low of $84.75 and a one year high of $118.23. The company has a current ratio of 0.98, a quick ratio of 0.11 and a debt-to-equity ratio of 3.95.
Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.75 billion. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.74 EPS. Equities research analysts predict that Lowe’s Companies will post 6.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 37.35%.
Several institutional investors have recently made changes to their positions in LOW. Somerset Trust Co grew its stake in Lowe’s Companies by 2.6% during the 4th quarter. Somerset Trust Co now owns 31,709 shares of the home improvement retailer’s stock worth $2,929,000 after buying an additional 814 shares during the last quarter. F3Logic LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth about $2,135,000. Greatmark Investment Partners Inc. boosted its stake in shares of Lowe’s Companies by 24.8% in the fourth quarter. Greatmark Investment Partners Inc. now owns 63,221 shares of the home improvement retailer’s stock worth $5,839,000 after buying an additional 12,550 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth about $1,467,000. Finally, Ironwood Financial llc boosted its stake in shares of Lowe’s Companies by 171.0% in the fourth quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock worth $50,000 after buying an additional 342 shares during the last quarter. Hedge funds and other institutional investors own 76.66% of the company’s stock.
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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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