SunTrust Banks, Inc. restated their hold rating on shares of Lowe’s Companies, Inc. (NYSE:LOW) in a research note published on Friday morning. SunTrust Banks, Inc. currently has a $80.00 price target on the home improvement retailer’s stock.
Other equities research analysts also recently issued research reports about the stock. Deutsche Bank AG reiterated a buy rating and set a $90.00 target price (up previously from $85.00) on shares of Lowe’s Companies in a research note on Friday, October 6th. Longbow Research reiterated a buy rating and set a $95.00 target price on shares of Lowe’s Companies in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Lowe’s Companies from a hold rating to a sell rating in a research note on Monday, July 17th. BidaskClub upgraded shares of Lowe’s Companies from a strong sell rating to a sell rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group reiterated an outperform rating and set a $94.00 target price on shares of Lowe’s Companies in a research note on Monday, August 21st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $85.62.
Lowe’s Companies (NYSE:LOW) opened at $77.53 on Friday. The stock has a market capitalization of $64,570.00, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. Lowe’s Companies has a twelve month low of $65.12 and a twelve month high of $86.25. The company has a current ratio of 1.03, a quick ratio of 0.19 and a debt-to-equity ratio of 2.85.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The firm had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.37 EPS. sell-side analysts forecast that Lowe’s Companies will post 4.5 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be paid a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.12%. Lowe’s Companies’s dividend payout ratio (DPR) is 46.20%.
In other news, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at approximately $655,368. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $78.30, for a total transaction of $614,889.90. Following the transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at $2,407,725. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of LOW. Tiedemann Wealth Management LLC increased its stake in shares of Lowe’s Companies by 502.4% during the 1st quarter. Tiedemann Wealth Management LLC now owns 17,169 shares of the home improvement retailer’s stock worth $1,671,000 after purchasing an additional 14,319 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in Lowe’s Companies by 78.3% in the 1st quarter. Bahl & Gaynor Inc. now owns 149,855 shares of the home improvement retailer’s stock worth $12,320,000 after acquiring an additional 65,818 shares during the period. Oxford Asset Management purchased a new stake in Lowe’s Companies in the 1st quarter worth approximately $9,606,000. Hosking Partners LLP grew its stake in Lowe’s Companies by 10.0% in the 1st quarter. Hosking Partners LLP now owns 265,884 shares of the home improvement retailer’s stock worth $21,858,000 after acquiring an additional 24,236 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its stake in Lowe’s Companies by 98.0% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 6,601 shares of the home improvement retailer’s stock worth $543,000 after acquiring an additional 3,268 shares during the period. 74.38% of the stock is owned by institutional investors and hedge funds.
About Lowe’s Companies
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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