BMO Capital Markets reissued their hold rating on shares of Lowe’s Companies, Inc. (NYSE:LOW) in a research note issued to investors on Thursday, November 2nd. BMO Capital Markets currently has a $82.00 price objective on the home improvement retailer’s stock.
Several other research analysts have also recently commented on LOW. Sanford C. Bernstein reissued an underperform rating and set a $69.00 target price on shares of Lowe’s Companies in a research note on Wednesday, July 12th. Zacks Investment Research cut Lowe’s Companies from a hold rating to a sell rating in a research report on Monday, July 17th. Jefferies Group LLC reaffirmed a hold rating and set a $89.00 price objective on shares of Lowe’s Companies in a research report on Friday, July 21st. Stifel Nicolaus reaffirmed a buy rating and set a $87.00 price objective on shares of Lowe’s Companies in a research report on Friday, July 21st. Finally, BidaskClub cut Lowe’s Companies from a sell rating to a strong sell rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. Lowe’s Companies presently has a consensus rating of Hold and a consensus target price of $85.62.
Lowe’s Companies (NYSE:LOW) traded down $0.28 during trading hours on Thursday, reaching $78.96. The company’s stock had a trading volume of 554,890 shares, compared to its average volume of 5,802,312. Lowe’s Companies has a 12 month low of $65.12 and a 12 month high of $86.25. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.03 and a quick ratio of 0.19. The stock has a market capitalization of $64,892.61, a P/E ratio of 17.86, a P/E/G ratio of 1.26 and a beta of 1.13.
Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. equities analysts expect that Lowe’s Companies will post 4.5 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 46.20%.
In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares in the company, valued at $655,368. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. SRS Capital Advisors Inc. grew its stake in shares of Lowe’s Companies by 0.4% during the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after acquiring an additional 5 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Lowe’s Companies during the first quarter valued at about $103,000. Atlantic Trust LLC acquired a new stake in shares of Lowe’s Companies during the second quarter valued at about $105,000. Hanson McClain Inc. grew its stake in shares of Lowe’s Companies by 3.5% during the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after acquiring an additional 45 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Lowe’s Companies by 8.3% during the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 74.38% of the company’s stock.
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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