Lowe’s Cos. (NYSE:LOW) has received an average recommendation of “Buy” from the twenty-nine brokerages that are currently covering the company. Eleven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $82.08.

A number of analysts have recently commented on the company. Vetr downgraded Lowe’s Cos. from a “buy” rating to a “hold” rating and set a $85.38 price objective for the company. in a report on Thursday, July 28th. Jefferies Group reiterated a “hold” rating and issued a $81.00 price target on shares of Lowe’s Cos. in a report on Thursday, August 18th. Nomura set a $80.00 price target on Lowe’s Cos. and gave the company a “hold” rating in a report on Thursday, August 18th. Zacks Investment Research downgraded Lowe’s Cos. from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Lowe’s Cos. in a report on Thursday.

Shares of Lowe’s Cos. (NYSE:LOW) opened at 69.31 on Friday. Lowe’s Cos. has a 52-week low of $62.62 and a 52-week high of $83.65. The firm has a market cap of $60.51 billion, a PE ratio of 25.44 and a beta of 1.25. The stock’s 50 day moving average price is $69.73 and its 200-day moving average price is $75.98.

Lowe’s Cos. (NYSE:LOW) last released its quarterly earnings data on Wednesday, November 16th. The home improvement retailer reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by $0.08. The firm 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 company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 earnings per share. On average, equities research analysts anticipate that Lowe’s Cos. will post $3.93 earnings per share for the current fiscal year.

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Monday, January 23rd. Lowe’s Cos.’s payout ratio is 51.28%.

A number of hedge funds have recently modified their holdings of LOW. CWM LLC boosted 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. boosted 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 boosted 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 $103,000. Finally, Hanson McClain Inc. boosted 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. Hedge funds and other institutional investors own 75.07% of the company’s stock.

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.

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