Lowe’s Companies (NYSE:LOW) had its price objective increased by Nomura from $132.00 to $137.00 in a research report sent to investors on Thursday morning, The Fly reports. Nomura currently has a buy rating on the home improvement retailer’s stock.
Other analysts also recently issued reports about the company. Wedbush reaffirmed an outperform rating and issued a $135.00 target price on shares of Lowe’s Companies in a research note on Thursday. Jefferies Financial Group raised their target price on Lowe’s Companies from $125.00 to $130.00 and gave the stock a buy rating in a research note on Friday, November 15th. Raymond James downgraded Lowe’s Companies from an outperform rating to a market perform rating in a research note on Tuesday, October 8th. Telsey Advisory Group raised their target price on Lowe’s Companies from $120.00 to $133.00 and gave the stock an outperform rating in a research note on Thursday. Finally, ValuEngine downgraded Lowe’s Companies from a buy rating to a hold rating in a research note on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Lowe’s Companies presently has an average rating of Buy and an average price target of $129.12.
Shares of LOW opened at $118.20 on Thursday. Lowe’s Companies has a 52-week low of $85.90 and a 52-week high of $121.22. The company has a market capitalization of $90.32 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 1.53 and a beta of 1.29. The stock has a fifty day simple moving average of $112.03 and a two-hundred day simple moving average of $105.86. 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 (NYSE:LOW) last issued its earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.06. Lowe’s Companies had a return on equity of 146.62% and a net margin of 4.11%. The business had revenue of $17.39 billion during the quarter, compared to the consensus estimate of $17.69 billion. During the same period last year, the company earned $1.04 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities analysts anticipate that Lowe’s Companies will post 5.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Tuesday, January 21st. Lowe’s Companies’s payout ratio is 42.80%.
In other Lowe’s Companies news, EVP Jennifer L. Weber sold 12,589 shares of Lowe’s Companies 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 transaction, the executive vice president now directly owns 17,440 shares of the company’s stock, valued at approximately $1,964,092.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Matthew V. Hollifield sold 12,136 shares of Lowe’s Companies 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 transaction, the chief accounting officer now directly owns 28,017 shares of the company’s stock, valued at $3,147,429.78. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atwater Malick LLC acquired a new position in Lowe’s Companies in the 3rd quarter valued at about $26,000. Next Capital Management LLC acquired a new position in Lowe’s Companies in the 2nd quarter valued at about $27,000. Pearl River Capital LLC acquired a new position in Lowe’s Companies in the 2nd quarter valued at about $29,000. Knuff & Co LLC acquired a new position in Lowe’s Companies in the 2nd quarter valued at about $29,000. Finally, Ossiam acquired a new position in Lowe’s Companies in the 2nd quarter valued at about $31,000. 76.25% of the stock is owned by institutional investors.
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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