Lowe’s Companies, Inc. (NYSE:LOW) – Equities researchers at Wedbush reduced their Q1 2020 earnings per share estimates for shares of Lowe’s Companies in a note issued to investors on Thursday, February 28th. Wedbush analyst S. Basham now expects that the home improvement retailer will post earnings per share of $1.26 for the quarter, down from their previous forecast of $1.28. Wedbush has a “Neutral” rating and a $110.00 price target on the stock. Wedbush also issued estimates for Lowe’s Companies’ Q2 2020 earnings at $2.24 EPS, Q3 2020 earnings at $1.50 EPS, FY2021 earnings at $7.00 EPS and FY2022 earnings at $8.13 EPS.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. The firm had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.75 billion. Lowe’s Companies had a net margin of 5.19% and a return on equity of 72.47%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 EPS.
Several other analysts also recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Lowe’s Companies from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday. ValuEngine upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Thursday. Morgan Stanley lifted their target price on shares of Lowe’s Companies from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday. Loop Capital lifted their target price on shares of Lowe’s Companies from $99.00 to $102.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Wells Fargo & Co lifted their target price on shares of Lowe’s Companies from $110.00 to $120.00 in a report on Thursday. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $111.88.
LOW stock opened at $105.09 on Friday. The company has a market cap of $85.33 billion, a PE ratio of 23.94, a PEG ratio of 1.25 and a beta of 1.27. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.18 and a current ratio of 1.00. Lowe’s Companies has a one year low of $81.16 and a one year high of $117.70.
Several large investors have recently bought and sold shares of the business. Princeton Global Asset Management LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter worth $210,000. FMR LLC grew its stake in shares of Lowe’s Companies by 9.2% in the fourth quarter. FMR LLC now owns 23,893,923 shares of the home improvement retailer’s stock worth $2,206,843,000 after acquiring an additional 2,014,183 shares in the last quarter. Actinver Wealth Management Inc. acquired a new position in shares of Lowe’s Companies in the fourth quarter worth $488,000. Aspire Private Capital LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter worth $91,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Lowe’s Companies in the fourth quarter worth $1,467,000. Institutional investors and hedge funds own 74.42% 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. 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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