Shares of Lowe’s Companies, Inc. (NYSE:LOW) have been given an average rating of “Buy” by the thirty brokerages that are presently covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $111.60.
A number of equities analysts have recently issued reports on LOW shares. SunTrust Banks upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Friday, September 28th. Morgan Stanley raised their target price on Lowe’s Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, October 11th. Jefferies Financial Group set a $119.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research note on Tuesday, November 20th. Robert W. Baird reaffirmed an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of Lowe’s Companies in a research note on Monday, September 17th. Finally, Bank of America set a $132.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research note on Tuesday, October 2nd.
In other news, Director Brian C. Rogers acquired 10,000 shares of Lowe’s Companies stock in a transaction on Friday, November 23rd. The stock was purchased at an average price of $88.02 per share, with a total value of $880,200.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $880,200. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Columbia Asset Management acquired a new stake in Lowe’s Companies in the third quarter valued at approximately $109,000. Capital Advisors Ltd. LLC acquired a new stake in Lowe’s Companies in the third quarter valued at approximately $116,000. Stelac Advisory Services LLC acquired a new stake in Lowe’s Companies in the third quarter valued at approximately $123,000. Almanack Investment Partners LLC. acquired a new stake in Lowe’s Companies in the second quarter valued at approximately $103,000. Finally, Rational Advisors LLC grew its stake in Lowe’s Companies by 1,005.9% in the third quarter. Rational Advisors LLC now owns 1,117 shares of the home improvement retailer’s stock valued at $128,000 after acquiring an additional 1,016 shares during the period. 74.33% of the stock is owned by hedge funds and other institutional investors.
Shares of LOW opened at $97.30 on Friday. Lowe’s Companies has a 1 year low of $81.16 and a 1 year high of $117.70. The company has a quick ratio of 0.18, a current ratio of 1.00 and a debt-to-equity ratio of 2.68. The stock has a market cap of $77.91 billion, a PE ratio of 22.16, a P/E/G ratio of 1.35 and a beta of 1.35.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.06. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The company had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $17.36 billion. During the same period last year, the company earned $1.05 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, research analysts anticipate that Lowe’s Companies will post 5.11 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Wednesday, January 23rd will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, January 22nd. This represents a $1.92 dividend on an annualized basis and a yield of 1.97%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 43.74%.
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. 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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