Lowe’s Cos. (NYSE:LOW) – Analysts at Wedbush lowered their FY2017 earnings estimates for Lowe’s Cos. in a research report issued to clients and investors on Thursday. Wedbush analyst S. Basham now expects that the brokerage will post earnings per share of $3.91 for the year, down from their prior forecast of $3.97. Wedbush has a “Neutral” rating and a $73.00 price target on the stock. Wedbush also issued estimates for Lowe’s Cos.’s Q3 2018 earnings at $1.05 EPS, FY2018 earnings at $4.52 EPS and FY2019 earnings at $5.26 EPS.

A number of other analysts also recently commented on the company. Vetr upgraded Lowe’s Cos. from a “hold” rating to a “buy” rating and set a $87.38 target price on the stock in a research report on Tuesday, August 2nd. Jefferies Group decreased their target price on Lowe’s Cos. to $69.00 in a research report on Thursday. 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. Nomura set a $80.00 target price on Lowe’s Cos. and gave the stock a “hold” rating in a research report on Thursday, August 18th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Lowe’s Cos. in a research report on Thursday. Twelve research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $82.36.

Earnings History and Estimates for Lowe`s Cos. (NYSE:LOW)

Shares of Lowe’s Cos. (NYSE:LOW) traded up 1.94% during mid-day trading on Friday, hitting $69.27. The company had a trading volume of 7,201,217 shares. The firm has a 50-day moving average of $69.38 and a 200-day moving average of $75.76. The company has a market cap of $60.47 billion, a PE ratio of 25.43 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.

Lowe’s Cos. (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by $0.08. The business had revenue of $15.70 billion for the quarter, compared to analyst estimates of $15.86 billion. Lowe’s Cos. had a return on equity of 46.46% and a net margin of 3.91%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 earnings per share.

Hedge funds have recently made changes to their positions in the company. CWM LLC boosted its stake in Lowe’s Cos. by 0.3% in the second quarter. CWM LLC now owns 1,264 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 4 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 valued at $100,000 after buying an additional 230 shares in the last quarter. Mycio Wealth Partners LLC boosted its stake in Lowe’s Cos. by 5.4% in the third quarter. Mycio Wealth Partners LLC now owns 1,385 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 71 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Lowe’s Cos. during the second quarter valued at approximately $103,000. Finally, 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 valued at $105,000 after buying an additional 198 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Monday, January 23rd. Lowe’s Cos.’s dividend payout ratio (DPR) is 51.28%.

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.

5 Day Chart for NYSE:LOW

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