Lowe’s Cos. (NYSE:LOW)‘s stock had its “neutral” rating restated by stock analysts at Wedbush in a note issued to investors on Wednesday. They presently have a $73.00 price target on the home improvement retailer’s stock. Wedbush’s target price indicates a potential upside of 3.24% from the company’s current price.

A number of other brokerages have also recently commented on LOW. Vetr upgraded shares of Lowe’s Cos. from a “hold” rating to a “buy” rating and set a $87.38 price target for the company in a research note on Tuesday, August 2nd. Argus reiterated a “buy” rating and issued a $90.00 price target on shares of Lowe’s Cos. in a research note on Thursday, August 18th. Jefferies Group reiterated a “hold” rating and issued a $81.00 price target on shares of Lowe’s Cos. in a research note on Thursday, August 18th. Nomura set a $80.00 price target on shares of Lowe’s Cos. and gave the company a “hold” rating in a research note on Thursday, August 18th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $70.00 price target on shares of Lowe’s Cos. in a research note on Thursday, August 4th. Thirteen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $81.93.

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

Shares of Lowe’s Cos. (NYSE:LOW) opened at 70.71 on Wednesday. The firm has a market capitalization of $61.73 billion, a price-to-earnings ratio of 25.96 and a beta of 1.25. The stock’s 50 day moving average is $69.04 and its 200 day moving average is $75.56. Lowe’s Cos. has a 12 month low of $62.62 and a 12 month high of $83.65.

Lowe’s Cos. (NYSE:LOW) last released its earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 3.91% and a return on equity of 46.46%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. Equities research analysts forecast that Lowe’s Cos. will post $3.92 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 1.98%. The ex-dividend date of this dividend is Monday, January 23rd. Lowe’s Cos.’s dividend payout ratio is currently 51.28%.

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Several large investors have recently bought and sold shares of the stock. CWM LLC raised 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 in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Lowe’s Cos. during the second quarter worth approximately $103,000. Hanson McClain Inc. raised its stake in 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 in the last quarter. North Star Investment Management Corp. raised its stake in 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 in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Lowe’s Cos. during the second quarter worth approximately $110,000. 73.83% of the stock is currently owned by institutional investors.

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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