Lowe’s Cos. (NYSE:LOW) posted its quarterly earnings results on Wednesday. The home improvement retailer reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by $0.08. Lowe’s Cos. had a return on equity of 43.38% and a net margin of 4.58%. The business had revenue of $15.70 billion for the quarter, compared to analysts’ expectations of $15.86 billion. During the same period in the prior year, the business posted $0.80 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Lowe’s Cos. updated its FY17 guidance to ~$3.52 EPS.

Shares of Lowe’s Cos. (NYSE:LOW) opened at 67.95 on Friday. The stock has a market capitalization of $59.43 billion, a price-to-earnings ratio of 22.03 and a beta of 1.25. The company’s 50 day moving average is $69.49 and its 200-day moving average is $75.82. Lowe’s Cos. has a 1-year low of $62.62 and a 1-year high of $83.65.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.06%. Lowe’s Cos.’s payout ratio is 45.16%.

A number of hedge funds have recently modified their holdings of LOW. CWM LLC raised its stake 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 during the last quarter. North Star Investment Management Corp. raised its stake in shares of 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 during the last quarter. Mycio Wealth Partners LLC raised its stake in shares of 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 worth $100,000 after buying an additional 71 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Lowe’s Cos. during the second quarter worth about $103,000. Finally, Hanson McClain Inc. raised its stake in shares of 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 during the last quarter. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Lowe’s Cos. in a research report on Tuesday, August 2nd. They set a “buy” rating and a $100.00 price target for the company. Vetr lowered shares of Lowe’s Cos. from a “buy” rating to a “hold” rating and set a $85.38 target price for the company. in a report on Thursday, July 28th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $85.00 target price (up from $70.00) on shares of Lowe’s Cos. in a report on Saturday, August 13th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $89.00 target price on shares of Lowe’s Cos. in a report on Tuesday, August 16th. Finally, BMO Capital Markets lifted their target price on shares of Lowe’s Cos. from $76.43 to $86.00 and gave the company an “outperform” rating in a report on Monday, August 22nd. Twelve research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $82.36.

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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