Lowe’s Companies (NYSE:LOW) had its price objective lifted by Telsey Advisory Group from $120.00 to $133.00 in a research report report published on Thursday, Briefing.com Automated Import reports. Telsey Advisory Group currently has an outperform rating on the home improvement retailer’s stock.
Several other research analysts have also issued reports on the company. Raymond James lowered Lowe’s Companies from an outperform rating to a market perform rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. reaffirmed a hold rating on shares of Lowe’s Companies in a research report on Wednesday, November 20th. Nomura started coverage on Lowe’s Companies in a research report on Friday, November 8th. They set a buy rating and a $132.00 target price for the company. ValuEngine lowered Lowe’s Companies from a buy rating to a hold rating in a research report on Friday, September 27th. Finally, Citigroup increased their price target on Lowe’s Companies from $122.00 to $137.00 and gave the stock a buy rating in a report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $129.12.
Shares of NYSE:LOW opened at $118.20 on Thursday. The firm has a market cap of $90.32 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.53 and a beta of 1.29. The company has a quick ratio of 0.19, a current ratio of 1.04 and a debt-to-equity ratio of 8.37. Lowe’s Companies has a 12-month low of $85.90 and a 12-month high of $121.22. The business has a fifty day simple moving average of $112.03 and a 200 day simple moving average of $105.86.
Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.06. The business had revenue of $17.39 billion during the quarter, compared to analyst estimates of $17.69 billion. Lowe’s Companies had a return on equity of 146.62% and a net margin of 4.11%. Lowe’s Companies’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.04 EPS. As a group, equities research analysts expect that Lowe’s Companies will post 5.69 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid a $0.55 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $2.20 annualized dividend and a dividend yield of 1.86%. Lowe’s Companies’s dividend payout ratio is presently 42.80%.
In other news, EVP Jennifer L. Weber sold 12,589 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $112.62, for a total value of $1,417,773.18. Following the completion of the sale, the executive vice president now directly owns 17,440 shares in the company, valued at approximately $1,964,092.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Matthew V. Hollifield sold 12,136 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total value of $1,363,358.24. Following the completion of the sale, the chief accounting officer now owns 28,017 shares of the company’s stock, valued at $3,147,429.78. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Nuveen Asset Management LLC boosted its stake in Lowe’s Companies by 6,680.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock valued at $636,989,000 after purchasing an additional 6,219,346 shares during the last quarter. Viking Global Investors LP bought a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $139,358,000. Prudential PLC lifted its position in shares of Lowe’s Companies by 456.1% during the 2nd quarter. Prudential PLC now owns 1,222,183 shares of the home improvement retailer’s stock worth $123,440,000 after buying an additional 1,002,390 shares in the last quarter. Eaton Vance Management lifted its position in shares of Lowe’s Companies by 49.9% during the 2nd quarter. Eaton Vance Management now owns 2,366,912 shares of the home improvement retailer’s stock worth $238,844,000 after buying an additional 788,392 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its position in shares of Lowe’s Companies by 3,951.6% during the 2nd quarter. Nomura Holdings Inc. now owns 658,582 shares of the home improvement retailer’s stock worth $67,380,000 after buying an additional 642,327 shares in the last quarter. Institutional investors own 76.25% of the company’s stock.
Lowe’s Companies Company Profile
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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