Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) has received an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $243.44.
LOW has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on shares of Lowe’s Companies from $220.00 to $245.00 in a report on Wednesday, August 17th. DA Davidson boosted their price target on shares of Lowe’s Companies from $225.00 to $247.00 in a report on Thursday, August 18th. Jefferies Financial Group boosted their price objective on shares of Lowe’s Companies from $238.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. JPMorgan Chase & Co. reduced their price objective on shares of Lowe’s Companies from $230.00 to $210.00 and set a “neutral” rating for the company in a research note on Tuesday, August 9th. Finally, Piper Sandler boosted their price objective on shares of Lowe’s Companies to $248.00 in a research note on Monday, August 22nd.
In other news, EVP Seemantini Godbole sold 11,761 shares of the company’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $214.37, for a total value of $2,521,205.57. Following the sale, the executive vice president now directly owns 26,575 shares of the company’s stock, valued at approximately $5,696,882.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.
Institutional Trading of Lowe’s Companies
Large investors have recently made changes to their positions in the business. Investors Research Corp purchased a new stake in shares of Lowe’s Companies in the 2nd quarter valued at $26,000. Joseph P. Lucia & Associates LLC purchased a new stake in Lowe’s Companies during the first quarter worth $27,000. Goodman Advisory Group LLC purchased a new stake in Lowe’s Companies during the second quarter worth $27,000. Macroview Investment Management LLC boosted its holdings in Lowe’s Companies by 49.1% during the first quarter. Macroview Investment Management LLC now owns 158 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 52 shares in the last quarter. Finally, O Dell Group LLC purchased a new stake in Lowe’s Companies during the first quarter worth $34,000. 74.04% of the stock is owned by hedge funds and other institutional investors.
Lowe’s Companies Price Performance
Lowe’s Companies stock opened at $188.36 on Thursday. The stock has a market cap of $116.92 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 1.10 and a beta of 1.22. Lowe’s Companies has a 1 year low of $170.12 and a 1 year high of $263.31. The firm has a 50-day moving average of $197.89 and a two-hundred day moving average of $197.98.
Lowe’s Companies (NYSE:LOW – Get Rating) last posted its quarterly earnings results on Wednesday, August 17th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. Lowe’s Companies had a net margin of 8.83% and a negative return on equity of 155.26%. The business had revenue of $27.48 billion during the quarter, compared to analyst estimates of $28.16 billion. During the same quarter in the previous year, the business posted $4.25 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. Research analysts expect that Lowe’s Companies will post 13.51 earnings per share for the current year.
Lowe’s Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Tuesday, October 18th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.10%.
About Lowe’s Companies
Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, lighting, and electrical.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Lowe’s Companies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Lowe’s Companies wasn’t on the list.
While Lowe’s Companies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here