Lowe’s Cos. (NYSE:LOW) – Research analysts at Jefferies Group reduced their FY2019 earnings estimates for shares of Lowe’s Cos. in a research note issued to investors on Wednesday. Jefferies Group analyst D. Binder now expects that the firm will post earnings per share of $5.07 for the year, down from their prior forecast of $5.08.

Several other equities analysts have also recently weighed in on the stock. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $94.00 target price on shares of Lowe’s Cos. in a research note on Monday, August 29th. Vetr raised shares of Lowe’s Cos. from a “buy” rating to a “strong-buy” rating and set a $92.50 target price for the company in a research note on Friday, August 12th. JPMorgan Chase & Co. cut shares of Lowe’s Cos. from an “overweight” rating to a “neutral” rating and cut their target price for the company from $87.00 to $72.00 in a research note on Wednesday, October 26th. Zacks Investment Research cut shares of Lowe’s Cos. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. Finally, Robert W. Baird set a $88.00 target price on shares of Lowe’s Cos. and gave the company a “buy” rating in a research note on Monday, September 19th. Twelve analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $82.36.

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

Shares of Lowe’s Cos. (NYSE:LOW) traded up 3.14% during trading on Monday, hitting $71.59. 10,589,824 shares of the stock traded hands. The stock has a market cap of $62.50 billion, a PE ratio of 26.28 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 $69.23 and its 200-day moving average price is $75.67.

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 consensus estimate of $0.96 by $0.08. The business earned $15.70 billion during 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%. 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 firm earned $0.80 earnings per share.

Several hedge funds have recently added to or reduced their stakes in the stock. Zurich Insurance Group Ltd FI increased its stake in Lowe’s Cos. by 76.9% in the second quarter. Zurich Insurance Group Ltd FI now owns 156,059 shares of the home improvement retailer’s stock valued at $12,355,000 after buying an additional 67,826 shares during the period. Huntington National Bank increased its stake in Lowe’s Cos. by 35.7% in the second quarter. Huntington National Bank now owns 355,482 shares of the home improvement retailer’s stock valued at $28,144,000 after buying an additional 93,569 shares during the period. Cullen Frost Bankers Inc. increased its stake in Lowe’s Cos. by 1.1% in the second quarter. Cullen Frost Bankers Inc. now owns 289,250 shares of the home improvement retailer’s stock valued at $22,900,000 after buying an additional 3,232 shares during the period. BB&T Corp increased its stake in Lowe’s Cos. by 16.3% in the second quarter. BB&T Corp now owns 180,176 shares of the home improvement retailer’s stock valued at $14,265,000 after buying an additional 25,204 shares during the period. Finally, Ardevora Asset Management LLP increased its stake in Lowe’s Cos. by 11.8% in the second quarter. Ardevora Asset Management LLP now owns 297,300 shares of the home improvement retailer’s stock valued at $23,537,000 after buying an additional 31,400 shares during the period. 74.34% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Monday, January 23rd. Lowe’s Cos.’s dividend payout ratio (DPR) is currently 51.28%.

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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