BMO Capital Markets reissued their buy rating on shares of Lowe’s Cos. (NYSE:LOW) in a research note released on Thursday.

Other analysts have also recently issued reports about the stock. Credit Suisse Group AG set a $80.00 price target on shares of Lowe’s Cos. and gave the company a buy rating in a research note on Friday, September 23rd. Robert W. Baird set a $88.00 price target on shares of Lowe’s Cos. and gave the company a buy rating in a research note on Monday, September 19th. Morgan Stanley set a $87.00 price target on shares of Lowe’s Cos. and gave the company a buy rating in a research note on Friday, August 19th. Vetr cut shares of Lowe’s Cos. from a strong-buy rating to a buy rating and set a $76.30 price target on the stock. in a research note on Tuesday, October 18th. Finally, BTIG Research reissued a buy rating on shares of Lowe’s Cos. in a research note on Wednesday. Twelve analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Lowe’s Cos. has a consensus rating of Buy and a consensus price target of $82.36.

Lowe’s Cos. (NYSE:LOW) traded up 1.32% on Thursday, hitting $68.85. The company’s stock had a trading volume of 3,387,611 shares. The company has a 50 day moving average price of $69.38 and a 200-day moving average price of $75.76. Lowe’s Cos. has a 1-year low of $62.62 and a 1-year high of $83.65. The company has a market capitalization of $60.11 billion, a P/E ratio of 25.28 and a beta of 1.25.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by $0.08. The firm had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.86 billion. Lowe’s Cos. had a return on equity of 46.46% and a net margin of 3.91%. Lowe’s Cos.’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 earnings per share. On average, equities analysts forecast that Lowe’s Cos. will post $3.97 earnings per share for the current fiscal year.

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 dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, January 23rd. Lowe’s Cos.’s dividend payout ratio (DPR) is presently 51.28%.

Several large investors have recently made changes to their positions in 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 valued at $100,000 after buying an additional 4 shares during the period. Oakworth Capital Inc. raised its stake in shares of Lowe’s Cos. by 0.5% in the third quarter. Oakworth Capital Inc. now owns 3,311 shares of the home improvement retailer’s stock valued at $239,000 after buying an additional 15 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Lowe’s Cos. by 0.6% in the second quarter. Parkside Financial Bank & Trust now owns 3,006 shares of the home improvement retailer’s stock valued at $238,000 after buying an additional 19 shares during the period. Highland Private Wealth Management raised its stake in shares of Lowe’s Cos. by 1.1% in the second quarter. Highland Private Wealth Management now owns 2,734 shares of the home improvement retailer’s stock valued at $217,000 after buying an additional 29 shares during the period. Finally, Aull & Monroe Investment Management Corp raised its stake in shares of Lowe’s Cos. by 0.3% in the second quarter. Aull & Monroe Investment Management Corp now owns 9,892 shares of the home improvement retailer’s stock valued at $783,000 after buying an additional 30 shares during the period. 75.07% of the stock is currently owned by institutional investors.

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

Receive News & Stock Ratings for Lowe's Cos. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Cos. and related stocks with our FREE daily email newsletter.