Lowe’s Cos. (LOW) Receives Average Recommendation of “Buy” from Analysts
Lowe’s Cos. (NYSE:LOW) has been assigned an average recommendation of “Buy” from the twenty-nine research firms that are presently covering the firm. Eight equities research analysts have rated the stock with a hold recommendation, twenty have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $86.14.
LOW has been the topic of a number of recent research reports. Goldman Sachs Group Inc. restated a “buy” rating on shares of Lowe’s Cos. in a research note on Wednesday, July 6th. Peel Hunt restated a “buy” rating and set a $85.00 target price on shares of Lowe’s Cos. in a research note on Wednesday, July 6th. Vetr lowered shares of Lowe’s Cos. from a “strong-buy” rating to a “buy” rating and set a $86.38 target price on the stock. in a research note on Monday, June 20th. Deutsche Bank AG restated a “buy” rating and set a $86.00 target price on shares of Lowe’s Cos. in a research note on Thursday, June 16th. Finally, Stifel Nicolaus initiated coverage on shares of Lowe’s Cos. in a research note on Tuesday, August 2nd. They set a “buy” rating and a $100.00 target price on the stock.
Lowe’s Cos. (NYSE:LOW) traded up 0.69% during trading on Friday, hitting $71.59. 2,748,733 shares of the company traded hands. Lowe’s Cos. has a 52-week low of $62.62 and a 52-week high of $83.65. The company’s 50-day moving average is $72.97 and its 200 day moving average is $77.13. The firm has a market cap of $62.62 billion, a price-to-earnings ratio of 23.21 and a beta of 1.13.
Lowe’s Cos. (NYSE:LOW) last released its earnings results on Wednesday, August 17th. The home improvement retailer reported $1.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.41 by $0.04. Lowe’s Cos. had a return on equity of 43.38% and a net margin of 4.58%. The firm had revenue of $18.26 billion for the quarter, compared to analysts’ expectations of $18.42 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities analysts anticipate that Lowe’s Cos. will post $4.02 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, October 17th. Lowe’s Cos.’s dividend payout ratio is currently 45.16%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC boosted its position in shares of Lowe’s Cos. by 0.3% in the second quarter. CWM LLC now owns 1,264 shares of the home improvement retailer’s stock worth $100,000 after buying an additional 4 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Lowe’s Cos. during the second quarter worth approximately $103,000. Hanson McClain Inc. boosted its stake in Lowe’s Cos. by 17.5% in the second quarter. Hanson McClain Inc. now owns 1,328 shares of the home improvement retailer’s stock worth $105,000 after buying an additional 198 shares in the last quarter. North Star Investment Management Corp. boosted its stake in Lowe’s Cos. by 20.0% in the third quarter. North Star Investment Management Corp. now owns 1,380 shares of the home improvement retailer’s stock worth $100,000 after buying an additional 230 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Lowe’s Cos. during the second quarter worth approximately $110,000. Institutional investors and hedge funds own 75.48% of the company’s stock.
About Lowe’s Cos.
Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.
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