Robert W. Baird set a $88.00 price objective on Lowe’s Cos. (NYSE:LOW) in a report released on Monday morning. The firm currently has a a buy rating on the home improvement retailer’s stock.

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

Other analysts have also issued reports about the stock. Morgan Stanley set a $87.00 target price on shares of Lowe’s Cos. and gave the company a buy rating in a research report on Friday, August 19th. BMO Capital Markets lifted their target price on shares of Lowe’s Cos. from $76.43 to $86.00 and gave the company an outperform rating in a research report on Monday, August 22nd. Topeka Capital Markets started coverage on shares of Lowe’s Cos. in a research report on Monday, May 23rd. They set a hold rating and a $75.00 target price on the stock. Bank of America Corp. reiterated a buy rating and set a $87.65 target price (up from $77.30) on shares of Lowe’s Cos. in a research report on Wednesday, August 24th. Finally, Oppenheimer Holdings Inc. reiterated an outperform rating and set a $94.00 target price on shares of Lowe’s Cos. in a research report on Monday, August 29th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $85.74.

Lowe’s Cos. (NYSE:LOW) opened at 72.05 on Monday. The stock has a 50 day moving average of $76.71 and a 200 day moving average of $77.35. Lowe’s Cos. has a 12-month low of $62.62 and a 12-month high of $83.65. The company has a market capitalization of $63.02 billion, a PE ratio of 23.35 and a beta of 1.07.

Lowe’s Cos. (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 17th. The home improvement retailer reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by $0.04. The company earned $18.26 billion during the quarter, compared to analyst estimates of $18.42 billion. Lowe’s Cos. had a return on equity of 43.38% and a net margin of 4.58%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. On average, equities research analysts predict that Lowe’s Cos. will post $4.02 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, October 17th. Lowe’s Cos.’s dividend payout ratio is presently 45.16%.

Hedge funds have recently made changes to their positions in the company. Koshinski Asset Management Inc. raised its stake in shares of Lowe’s Cos. by 0.3% in the first quarter. Koshinski Asset Management Inc. now owns 7,179 shares of the home improvement retailer’s stock worth $553,000 after buying an additional 25 shares in the last quarter. TNB Financial raised its stake in shares of Lowe’s Cos. by 82.1% in the first quarter. TNB Financial now owns 11,870 shares of the home improvement retailer’s stock worth $899,000 after buying an additional 5,350 shares in the last quarter. Campbell Newman Asset Management Inc. raised its stake in shares of Lowe’s Cos. by 4.5% in the first quarter. Campbell Newman Asset Management Inc. now owns 225,196 shares of the home improvement retailer’s stock worth $17,059,000 after buying an additional 9,645 shares in the last quarter. Osborn Rohs Williams & Donohoe Ltd raised its stake in shares of Lowe’s Cos. by 8.2% in the first quarter. Osborn Rohs Williams & Donohoe Ltd now owns 45,759 shares of the home improvement retailer’s stock worth $3,467,000 after buying an additional 3,482 shares in the last quarter. Finally, RNC Capital Management LLC raised its stake in shares of Lowe’s Cos. by 6.5% in the first quarter. RNC Capital Management LLC now owns 5,727 shares of the home improvement retailer’s stock worth $434,000 after buying an additional 348 shares in the last quarter. 75.48% of the stock is currently owned by institutional investors and hedge funds.

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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