A number of other equities research analysts have also commented on LOW. Zacks Investment Research lowered shares of Lowe’s Companies from a buy rating to a hold rating in a report on Tuesday, August 14th. Credit Suisse Group set a $99.00 price target on shares of Lowe’s Companies and gave the company a hold rating in a report on Tuesday, December 11th. Stifel Nicolaus upped their price target on shares of Lowe’s Companies from $105.00 to $125.00 and gave the company a buy rating in a report on Thursday, August 23rd. KeyCorp upped their price objective on shares of Lowe’s Companies from $115.00 to $125.00 and gave the stock an overweight rating in a report on Thursday, August 23rd. Finally, ValuEngine lowered shares of Lowe’s Companies from a buy rating to a hold rating in a report on Friday, November 16th. Ten equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $111.92.
NYSE:LOW opened at $93.36 on Wednesday. Lowe’s Companies has a 52 week low of $81.16 and a 52 week high of $117.70. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.00 and a quick ratio of 0.18. The firm has a market cap of $74.96 billion, a P/E ratio of 18.52, a PEG ratio of 1.29 and a beta of 1.55.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Wednesday, January 23rd will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Tuesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 43.74%.
In other Lowe’s Companies news, Director Brian C. Rogers bought 10,000 shares of Lowe’s Companies stock in a transaction dated Friday, November 23rd. The shares were purchased at an average cost of $88.02 per share, with a total value of $880,200.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $880,200. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Marshall A. Croom sold 15,735 shares of the company’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total transaction of $1,803,388.35. Following the completion of the sale, the chief financial officer now directly owns 63,099 shares in the company, valued at $7,231,776.39. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in LOW. Almanack Investment Partners LLC. purchased a new stake in shares of Lowe’s Companies in the 2nd quarter worth about $103,000. CSat Investment Advisory L.P. purchased a new stake in Lowe’s Companies during the 2nd quarter valued at about $108,000. Columbia Asset Management purchased a new stake in Lowe’s Companies during the 3rd quarter valued at about $109,000. Capital Advisors Ltd. LLC purchased a new stake in Lowe’s Companies during the 3rd quarter valued at about $116,000. Finally, Stelac Advisory Services LLC purchased a new stake in Lowe’s Companies during the 3rd quarter valued at about $123,000. 73.87% of the stock is currently owned by hedge funds and other institutional investors.
About Lowe’s Companies
Lowe’s Cos., Inc engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodeling, home decorating, and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors.
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