Lowe’s Companies (NYSE:LOW) Hits New 52-Week High at $171.69

Lowe’s Companies, Inc. (NYSE:LOW) hit a new 52-week high during trading on Wednesday . The stock traded as high as $171.69 and last traded at $170.41, with a volume of 21557 shares. The stock had previously closed at $169.03.

Several research analysts recently commented on the stock. Loop Capital lifted their target price on shares of Lowe’s Companies from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Robert W. Baird lifted their target price on shares of Lowe’s Companies from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Wedbush lifted their target price on shares of Lowe’s Companies from $125.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Telsey Advisory Group lifted their target price on shares of Lowe’s Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Finally, Longbow Research lifted their price target on shares of Lowe’s Companies from $130.00 to $150.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Three investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $165.75.

The firm has a 50-day moving average price of $157.30 and a 200-day moving average price of $124.21. The company has a debt-to-equity ratio of 4.64, a quick ratio of 0.65 and a current ratio of 1.30. The stock has a market cap of $127.74 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.19 and a beta of 1.50.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.80. The firm had revenue of $27.30 billion during the quarter, compared to analyst estimates of $24.24 billion. Lowe’s Companies had a return on equity of 228.17% and a net margin of 7.12%. Lowe’s Companies’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.15 EPS. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 8.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be given a $0.60 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, October 20th. This represents a $2.40 dividend on an annualized basis and a yield of 1.41%. Lowe’s Companies’s payout ratio is 38.46%.

In other Lowe’s Companies news, EVP Ross W. Mccanless sold 62,838 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $168.33, for a total value of $10,577,520.54. Following the completion of the transaction, the executive vice president now owns 72,967 shares of the company’s stock, valued at approximately $12,282,535.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of LOW. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Lowe’s Companies in the 2nd quarter worth about $26,000. PrairieView Partners LLC purchased a new position in Lowe’s Companies in the 2nd quarter worth about $26,000. CBIZ Investment Advisory Services LLC raised its position in Lowe’s Companies by 745.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 338 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 298 shares during the last quarter. CVA Family Office LLC purchased a new position in Lowe’s Companies in the 1st quarter worth about $29,000. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Lowe’s Companies during the 2nd quarter valued at about $32,000. 74.63% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Company Profile (NYSE:LOW)

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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