Lowe’s Cos. (NYSE:LOW) declared a quarterly dividend on Friday, November 11th. Shareholders of record on Wednesday, January 25th will be paid a dividend of 0.35 per share by the home improvement retailer on Wednesday, February 8th. This represents a $1.40 dividend on an annualized basis and a yield of 2.01%.

Lowe’s Cos. (NYSE:LOW) opened at 69.73 on Monday. The stock has a market capitalization of $60.99 billion, a P/E ratio of 22.60 and a beta of 1.25. Lowe’s Cos. has a 12 month low of $62.62 and a 12 month high of $83.65. The firm’s 50-day moving average is $69.73 and its 200-day moving average is $75.98.

Lowe’s Cos. (NYSE:LOW) last posted its earnings results on Wednesday, August 17th. The home improvement retailer reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by $0.04. The firm had revenue of $18.26 billion for the quarter, compared to the consensus estimate of $18.42 billion. Lowe’s Cos. had a net margin of 4.58% and a return on equity of 43.38%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. On average, equities analysts expect that Lowe’s Cos. will post $4.00 earnings per share for the current fiscal year.

Dividend History for Lowe`s Cos. (NYSE:LOW)

Several large investors have recently added to or reduced their stakes in LOW. Roble Belko & Company Inc increased its position in shares of Lowe’s Cos. by 966.9% in the second quarter. Roble Belko & Company Inc now owns 1,387 shares of the home improvement retailer’s stock worth $110,000 after buying an additional 1,257 shares during the last quarter. Invictus RG increased its position in shares of Lowe’s Cos. by 108.9% in the second quarter. Invictus RG now owns 1,473 shares of the home improvement retailer’s stock worth $117,000 after buying an additional 768 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new position in shares of Lowe’s Cos. during the second quarter worth about $127,000. Pinkerton Retirement Specialists LLC increased its position in shares of Lowe’s Cos. by 8,245.5% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,836 shares of the home improvement retailer’s stock worth $145,000 after buying an additional 1,814 shares during the last quarter. Finally, WFG Advisors LP increased its position in shares of Lowe’s Cos. by 12.0% in the second quarter. WFG Advisors LP now owns 2,478 shares of the home improvement retailer’s stock worth $196,000 after buying an additional 265 shares during the last quarter. 75.50% of the stock is owned by hedge funds and other institutional investors.

LOW has been the subject of a number of research reports. JPMorgan Chase & Co. reiterated a “buy” rating and set a $89.00 target price on shares of Lowe’s Cos. in a research report on Tuesday, August 16th. Cantor Fitzgerald reiterated a “buy” rating and set a $85.00 target price (up from $70.00) on shares of Lowe’s Cos. in a research report on Saturday, August 13th. Vetr upgraded Lowe’s Cos. from a “hold” rating to a “buy” rating and set a $87.38 target price for the company in a research report on Tuesday, August 2nd. Stifel Nicolaus initiated coverage on Lowe’s Cos. in a research report on Tuesday, August 2nd. They set a “buy” rating and a $100.00 target price for the company. Finally, Argus reiterated a “buy” rating and set a $90.00 target price on shares of Lowe’s Cos. in a research report on Thursday, August 18th. Twelve analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Lowe’s Cos. currently has an average rating of “Buy” and an average target price of $83.18.

Lowe’s Cos. Company Profile

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.

5 Day Chart for NYSE:LOW

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