Shares of Lowe’s Companies, Inc. (NYSE:LOW) have earned an average rating of “Buy” from the twenty-eight brokerages that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $129.88.
A number of research firms have recently issued reports on LOW. JPMorgan Chase & Co. restated a “hold” rating on shares of Lowe’s Companies in a research report on Wednesday, November 20th. Robert W. Baird restated a “buy” rating and issued a $135.00 price target on shares of Lowe’s Companies in a research report on Wednesday, November 20th. Goldman Sachs Group upped their price target on Lowe’s Companies from $123.00 to $135.00 in a research report on Wednesday, November 27th. Telsey Advisory Group upped their price target on Lowe’s Companies from $120.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group upped their price target on Lowe’s Companies from $141.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th.
A number of institutional investors have recently modified their holdings of LOW. Broad Peak Investment Holdings Ltd. acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at $61,123,000. Intl Fcstone Inc. acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at $259,000. Pioneer Trust Bank N A OR raised its stake in shares of Lowe’s Companies by 2.0% in the fourth quarter. Pioneer Trust Bank N A OR now owns 42,110 shares of the home improvement retailer’s stock valued at $5,043,000 after acquiring an additional 807 shares in the last quarter. Allied Investment Advisors LLC raised its stake in shares of Lowe’s Companies by 1.1% in the fourth quarter. Allied Investment Advisors LLC now owns 46,193 shares of the home improvement retailer’s stock valued at $5,532,000 after acquiring an additional 525 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new stake in Lowe’s Companies in the fourth quarter valued at $1,673,000. Institutional investors own 74.66% of the company’s stock.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, November 20th. The home improvement retailer reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.06. Lowe’s Companies had a return on equity of 146.62% and a net margin of 4.11%. The company had revenue of $17.39 billion during the quarter, compared to analyst estimates of $17.69 billion. During the same period in the previous year, the business earned $1.04 EPS. Lowe’s Companies’s quarterly revenue was down .2% on a year-over-year basis. Equities analysts expect that Lowe’s Companies will post 5.7 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a $0.55 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $2.20 annualized dividend and a yield of 1.83%. Lowe’s Companies’s payout ratio is 42.80%.
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. 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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