Lowe’s Companies, Inc. (NYSE:LOW) – Analysts at Oppenheimer Holdings upped their FY2018 EPS estimates for Lowe’s Companies in a research report issued to clients and investors on Tuesday. Oppenheimer Holdings analyst B. Nagel now anticipates that the home improvement retailer will post earnings per share of $4.50 for the year, up from their prior forecast of $4.48. Oppenheimer Holdings has a “Buy” rating and a $100.00 price objective on the stock.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping the consensus estimate of $1.02 by $0.03. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same period last year, the company earned $0.88 earnings per share. Lowe’s Companies’s revenue for the quarter was up 6.6% compared to the same quarter last year.

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A number of other research firms also recently commented on LOW. UBS AG lifted their target price on Lowe’s Companies from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday. Robert W. Baird reissued an “outperform” rating and issued a $92.00 target price (up from $87.00) on shares of Lowe’s Companies in a report on Wednesday. Royal Bank Of Canada boosted their target price on Lowe’s Companies from $84.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday. Telsey Advisory Group increased their target price on Lowe’s Companies from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Stifel Nicolaus increased their target price on Lowe’s Companies from $87.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company. Lowe’s Companies presently has an average rating of “Hold” and an average price target of $86.97.

Lowe’s Companies (LOW) traded down $0.20 during midday trading on Wednesday, hitting $80.29. The stock had a trading volume of 3,430,000 shares, compared to its average volume of 5,870,000. The stock has a market capitalization of $66,870.00, a P/E ratio of 18.77, a PEG ratio of 1.31 and a beta of 1.13. Lowe’s Companies has a 1-year low of $69.70 and a 1-year high of $86.25. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.19 and a current ratio of 1.03.

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Lowe’s Companies by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock valued at $5,021,542,000 after acquiring an additional 897,911 shares during the period. BlackRock Inc. lifted its holdings in Lowe’s Companies by 1,757.3% in the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after purchasing an additional 58,073,138 shares in the last quarter. FMR LLC raised its holdings in shares of Lowe’s Companies by 62.6% during the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after acquiring an additional 3,732,153 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Lowe’s Companies by 0.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock worth $719,560,000 after acquiring an additional 64,780 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Lowe’s Companies by 8.2% during the 1st quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock worth $726,481,000 after acquiring an additional 671,581 shares in the last quarter. Institutional investors and hedge funds own 74.00% of the company’s stock.

In other news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now owns 8,400 shares of the company’s stock, valued at approximately $655,368. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the completion of the transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.33%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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