Shares of Lowe’s Companies, Inc. (NYSE:LOW) have received an average recommendation of “Buy” from the twenty-seven brokerages that are covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $112.73.
LOW has been the subject of a number of analyst reports. Evercore ISI initiated coverage on Polarityte in a report on Wednesday, March 20th. They issued an “outperform” rating and a $26.00 price target for the company. Gabelli reissued a “buy” rating on shares of Lowe’s Companies in a research note on Thursday, May 23rd. Wedbush set a $69.00 target price on Albireo Pharma and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Bank of America set a $135.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research note on Monday, May 27th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Amphastar Pharmaceuticals in a research note on Friday, May 10th.
Shares of LOW stock traded up $2.54 on Friday, reaching $107.41. The company’s stock had a trading volume of 286,001 shares, compared to its average volume of 3,951,962. The stock’s fifty day simple moving average is $98.73. Lowe’s Companies has a 1 year low of $84.75 and a 1 year high of $118.23. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.09 and a quick ratio of 0.24. The stock has a market capitalization of $80.70 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 1.31 and a beta of 1.36.
Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.65 billion. During the same quarter last year, the business posted $1.19 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts expect that Lowe’s Companies will post 5.59 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, July 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.48. Lowe’s Companies’s dividend payout ratio (DPR) is 37.35%.
In other news, EVP Donald Frieson purchased 2,030 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The shares were purchased at an average price of $98.69 per share, for a total transaction of $200,340.70. Following the purchase, the executive vice president now directly owns 10,980 shares of the company’s stock, valued at approximately $1,083,616.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marvin R. Ellison purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were purchased at an average price of $95.05 per share, for a total transaction of $950,500.00. Following the purchase, the insider now directly owns 80,090 shares in the company, valued at $7,612,554.50. The disclosure for this purchase can be found here. Insiders have bought a total of 12,280 shares of company stock worth $1,174,566 in the last three months. Corporate insiders own 0.07% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in LOW. Kaizen Advisory LLC lifted its holdings in shares of Lowe’s Companies by 13.6% in the 4th quarter. Kaizen Advisory LLC now owns 2,226 shares of the home improvement retailer’s stock valued at $206,000 after buying an additional 266 shares during the period. Buckingham Capital Management Inc. raised its holdings in Lowe’s Companies by 9.1% during the fourth quarter. Buckingham Capital Management Inc. now owns 3,928 shares of the home improvement retailer’s stock worth $363,000 after purchasing an additional 328 shares during the last quarter. Comerica Securities Inc. raised its holdings in Lowe’s Companies by 6.3% during the fourth quarter. Comerica Securities Inc. now owns 13,753 shares of the home improvement retailer’s stock worth $1,270,000 after purchasing an additional 818 shares during the last quarter. Highstreet Asset Management Inc. raised its holdings in Lowe’s Companies by 7.2% during the fourth quarter. Highstreet Asset Management Inc. now owns 31,515 shares of the home improvement retailer’s stock worth $2,911,000 after purchasing an additional 2,122 shares during the last quarter. Finally, Armor Investment Advisors LLC raised its holdings in Lowe’s Companies by 1.7% during the fourth quarter. Armor Investment Advisors LLC now owns 31,220 shares of the home improvement retailer’s stock worth $2,883,000 after purchasing an additional 531 shares during the last quarter. Hedge funds and other institutional investors own 76.79% of the company’s stock.
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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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