Lowe’s Cos. (NYSE:LOW) – Equities researchers at Wedbush boosted their Q4 2017 EPS estimates for shares of Lowe’s Cos. in a research report issued on Thursday. Wedbush analyst S. Basham now anticipates that the firm will earn $0.79 per share for the quarter, up from their prior forecast of $0.78. Wedbush currently has a “Neutral” rating and a $73.00 target price on the stock.

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

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

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. reiterated a “buy” rating and set a $89.00 target price on shares of Lowe’s Cos. in a report on Tuesday, August 16th. Cleveland Research cut shares of Lowe’s Cos. from a “buy” rating to a “neutral” rating in a report on Thursday, October 6th. BMO Capital Markets increased their target price on shares of Lowe’s Cos. from $76.43 to $86.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd. Zacks Investment Research cut shares of Lowe’s Cos. from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Finally, Vetr upgraded shares of Lowe’s Cos. from a “hold” rating to a “buy” rating and set a $72.18 target price on the stock in a report on Wednesday, November 16th. Twelve analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.36.

Lowe’s Cos. (NYSE:LOW) opened at 69.31 on Monday. The stock’s 50 day moving average is $69.31 and its 200 day moving average is $75.76. The stock has a market capitalization of $60.51 billion, a PE ratio of 25.44 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 also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Shareholders 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 annualized dividend and a yield of 2.02%. Lowe’s Cos.’s dividend payout ratio (DPR) is presently 51.28%.

A number of large investors have recently made changes to their positions in LOW. Brinker Capital Inc. acquired a new stake in shares of Lowe’s Cos. during the third quarter valued at about $385,000. MEMBERS Trust Co boosted its position 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 valued at $276,000 after buying an additional 57 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Lowe’s Cos. during the third quarter valued at $13,301,000. Sunnymeath Asset Management Inc. boosted its position 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 valued at $701,000 after buying an additional 100 shares during the last quarter. Finally, Marvin & Palmer Associates Inc. boosted its position 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 valued at $4,215,000 after buying an additional 27,020 shares during the last quarter. 74.34% of the stock is currently owned by institutional investors.

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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