Lowe’s Cos. (NYSE:LOW) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued on Tuesday. They presently have a $72.58 target price on the home improvement retailer’s stock. Vetr‘s price objective would indicate a potential upside of 1.38% from the company’s previous close.

LOW has been the topic of several other research reports. Credit Suisse Group AG set a $80.00 target price on Lowe’s Cos. and gave the stock a “buy” rating in a research report on Friday, September 23rd. Robert W. Baird set a $88.00 price objective on Lowe’s Cos. and gave the stock a “buy” rating in a research report on Monday, September 19th. Morgan Stanley set a $87.00 price objective on Lowe’s Cos. and gave the stock a “buy” rating in a research report on Friday, August 19th. BTIG Research reiterated a “buy” rating on shares of Lowe’s Cos. in a research report on Wednesday, November 16th. Finally, JPMorgan Chase & Co. downgraded Lowe’s Cos. from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $87.00 to $72.00 in a research report on Wednesday, October 26th. Thirteen analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $82.38.

Analyst Recommendations for Lowe`s Cos. (NYSE:LOW)

Shares of Lowe’s Cos. (NYSE:LOW) traded up 3.14% during midday trading on Tuesday, reaching $71.59. The company had a trading volume of 10,677,683 shares. The company has a 50 day moving average of $69.21 and a 200 day moving average of $75.64. Lowe’s Cos. has a one year low of $62.62 and a one year high of $83.65. The company has a market capitalization of $62.50 billion, a PE ratio of 26.28 and a beta of 1.25.

Lowe’s Cos. (NYSE:LOW) last posted its earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share (EPS) for the quarter, missing the 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 company’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. Analysts predict that Lowe’s Cos. will post $3.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Shareholders of record on Wednesday, January 25th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Monday, January 23rd. Lowe’s Cos.’s dividend payout ratio (DPR) is presently 51.28%.

Large investors have recently bought and sold shares of the company. CWM LLC increased its stake in 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 period. Oakworth Capital Inc. increased its stake in 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 worth $239,000 after buying an additional 15 shares during the period. Parkside Financial Bank & Trust increased its stake in 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 worth $238,000 after buying an additional 19 shares during the period. Highland Private Wealth Management increased its stake in 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 worth $217,000 after buying an additional 29 shares during the period. Finally, Aull & Monroe Investment Management Corp increased its stake in 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 worth $783,000 after buying an additional 30 shares during the period. 74.34% of the stock is owned by institutional investors and hedge funds.

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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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