Telsey Advisory Group cut shares of Lowe’s Cos. (NYSE:LOW) from an outperform rating to a market perform rating in a report issued on Thursday morning. They currently have $75.00 price objective on the home improvement retailer’s stock, down from their previous price objective of $88.00.

A number of other equities analysts also recently weighed in on LOW. Vetr downgraded shares of Lowe’s Cos. from a buy rating to a hold rating and set a $85.38 price target on the stock. in a research note on Thursday, July 28th. Jefferies Group reissued a hold rating and issued a $81.00 target price on shares of Lowe’s Cos. in a research note on Thursday, August 18th. Nomura set a $80.00 target price on shares of Lowe’s Cos. and gave the company a hold rating in a research note on Thursday, August 18th. Zacks Investment Research downgraded shares of Lowe’s Cos. from a buy rating to a hold rating in a research note on Wednesday, October 26th. Finally, Argus reissued a buy rating and issued a $90.00 target price on shares of Lowe’s Cos. in a research note on Thursday, August 18th. Twelve analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $82.36.

Lowe’s Cos. (NYSE:LOW) traded up 1.3744% during trading on Thursday, hitting $68.8839. 4,366,716 shares of the company’s stock traded hands. The stock has a market cap of $60.14 billion, a P/E ratio of 25.2878 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 price is $69.38 and its 200 day moving average price is $75.76.

Lowe’s Cos. (NYSE:LOW) last posted its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by $0.08. The company had revenue of $15.70 billion for the quarter, compared to analysts’ expectations of $15.86 billion. Lowe’s Cos. had a return on equity of 46.46% and a net margin of 3.91%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 EPS. Analysts anticipate that Lowe’s Cos. will post $3.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, January 23rd. Lowe’s Cos.’s payout ratio is 51.28%.

Several hedge funds have recently modified their holdings of LOW. MEMBERS Trust Co boosted its stake in shares of Lowe’s Cos. by 1.5% in the third quarter. MEMBERS Trust Co now owns 3,819 shares of the home improvement retailer’s stock worth $276,000 after buying an additional 57 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Lowe’s Cos. during the third quarter worth $13,301,000. Sunnymeath Asset Management Inc. boosted its stake in shares of Lowe’s Cos. by 0.9% in the third quarter. Sunnymeath Asset Management Inc. now owns 11,850 shares of the home improvement retailer’s stock worth $701,000 after buying an additional 100 shares during the last quarter. Marvin & Palmer Associates Inc. boosted its stake in shares of Lowe’s Cos. by 86.2% in the third quarter. Marvin & Palmer Associates Inc. now owns 58,375 shares of the home improvement retailer’s stock worth $4,215,000 after buying an additional 27,020 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Lowe’s Cos. by 28.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 679,231 shares of the home improvement retailer’s stock worth $49,046,000 after buying an additional 151,710 shares during the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

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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