Analysts Set Lowe’s Companies, Inc. (NYSE:LOW) Price Target at $276.80

Shares of Lowe’s Companies, Inc. (NYSE:LOW) have received an average rating of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $276.80.

A number of analysts have recently commented on the company. Truist Financial set a $269.00 target price on Lowe’s Companies in a research note on Wednesday, December 17th. Evercore ISI reissued a “positive” rating on shares of Lowe’s Companies in a report on Thursday, November 20th. Wells Fargo & Company dropped their price objective on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Wolfe Research cut their target price on shares of Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Finally, Argus decreased their target price on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating for the company in a research note on Tuesday, December 2nd.

Lowe’s Companies Trading Up 0.7%

LOW opened at $246.48 on Friday. Lowe’s Companies has a 12-month low of $206.38 and a 12-month high of $274.98. The firm has a 50 day moving average of $239.89 and a two-hundred day moving average of $242.07. The firm has a market capitalization of $138.26 billion, a PE ratio of 20.44, a P/E/G ratio of 4.06 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, beating the consensus estimate of $2.97 by $0.09. The company had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.89 earnings per share. As a group, analysts predict that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be given a $1.20 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. Lowe’s Companies’s dividend payout ratio is 39.80%.

Institutional Investors Weigh In On Lowe’s Companies

A number of institutional investors have recently modified their holdings of the business. Howard Hughes Medical Institute acquired a new stake in Lowe’s Companies in the second quarter valued at approximately $27,000. Solstein Capital LLC raised its stake in shares of Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 113 shares during the period. Activest Wealth Management lifted its position in shares of Lowe’s Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 51 shares in the last quarter. Traub Capital Management LLC acquired a new stake in Lowe’s Companies in the 2nd quarter valued at $30,000. Finally, Vermillion & White Wealth Management Group LLC grew its stake in Lowe’s Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 76 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.