Several other brokerages have also recently weighed in on LOW. BMO Capital Markets restated a hold rating and set a $95.00 target price (up from $82.00) on shares of Lowe’s in a report on Thursday, March 1st. Loop Capital started coverage on Lowe’s in a report on Thursday, March 1st. They set a hold rating and a $88.00 target price on the stock. Telsey Advisory Group upgraded Lowe’s from a market perform rating to an outperform rating and boosted their target price for the stock from $83.00 to $124.00 in a report on Thursday, January 25th. Zacks Investment Research cut Lowe’s from a hold rating to a sell rating in a report on Tuesday, May 1st. Finally, Wells Fargo & Co started coverage on Lowe’s in a report on Monday, April 23rd. They set an outperform rating and a $100.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $100.57.
LOW stock opened at $96.69 on Wednesday. The stock has a market capitalization of $80.25 billion, a P/E ratio of 21.25, a PEG ratio of 1.02 and a beta of 1.33. Lowe’s has a 12-month low of $70.76 and a 12-month high of $108.98. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.11 and a current ratio of 1.02.
Lowe’s (NYSE:LOW) last issued its earnings results on Wednesday, May 23rd. The home improvement retailer reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.03). The company had revenue of $17.36 billion for the quarter, compared to analyst estimates of $17.44 billion. Lowe’s had a return on equity of 66.36% and a net margin of 5.55%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. analysts expect that Lowe’s will post 5.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 9th. Shareholders of record on Wednesday, April 25th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Tuesday, April 24th. Lowe’s’s payout ratio is 37.36%.
A number of hedge funds and other institutional investors have recently made changes to their positions in LOW. Almanack Investment Partners LLC. purchased a new stake in shares of Lowe’s during the fourth quarter worth $106,000. ClariVest Asset Management LLC purchased a new stake in shares of Lowe’s during the first quarter worth $118,000. Rainier Group Investment Advisory LLC purchased a new stake in shares of Lowe’s during the first quarter worth $121,000. Truewealth LLC purchased a new stake in shares of Lowe’s during the fourth quarter worth $128,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Lowe’s during the fourth quarter worth $129,000. 72.83% of the stock is currently owned by institutional investors.
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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