Lowe’s Companies, Inc. (LOW) To Go Ex-Dividend on October 21st

Lowe’s Companies, Inc. (NYSE:LOW) announced a quarterly dividend on Friday, August 28th. Shareholders of record on Wednesday, October 21st will be given a dividend of $1.25 per share by the home improvement retailer on Wednesday, November 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, October 21st.

Lowe’s Companies has raised its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 53 years. Lowe’s Companies has a payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lowe’s Companies to earn $13.03 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 38.4%.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $197.22 on Monday. Lowe’s Companies has a 12 month low of $178.45 and a 12 month high of $293.06. The business has a 50 day simple moving average of $199.44 and a 200-day simple moving average of $214.70. The stock has a market capitalization of $110.65 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.22 by $0.18. The firm had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities research analysts anticipate that Lowe’s Companies will post 12.26 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on LOW shares. Morgan Stanley restated an “overweight” rating on shares of Lowe’s Companies in a research note on Thursday, August 20th. KeyCorp reiterated an “overweight” rating and set a $275.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 20th. Evercore set a $190.00 price target on shares of Lowe’s Companies in a report on Tuesday, October 6th. DA Davidson restated a “neutral” rating and issued a $245.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, August 19th. Finally, Telsey Advisory Group lowered their price objective on Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $254.29.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.