Lowe’s Companies, Inc. (NYSE:LOW) Receives $250.41 Consensus Target Price from Analysts

Shares of Lowe’s Companies, Inc. (NYSE:LOWGet Free Report) have received an average rating of “Hold” from the twenty-six ratings firms that are covering the company, Marketbeat reports. Fourteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $250.41.

A number of brokerages recently commented on LOW. DA Davidson reduced their price objective on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 22nd. Zelman & Associates restated a “neutral” rating and issued a $265.00 target price on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Evercore ISI reduced their target price on Lowe’s Companies from $250.00 to $225.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Telsey Advisory Group restated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research report on Tuesday, May 21st. Finally, Truist Financial reduced their target price on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd.

Get Our Latest Report on LOW

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $216.33 on Wednesday. Lowe’s Companies has a one year low of $181.85 and a one year high of $262.49. The company has a market cap of $123.27 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.66 and a beta of 1.08. The business’s 50 day moving average price is $223.06 and its 200 day moving average price is $228.01.

Lowe’s Companies (NYSE:LOWGet Free Report) last announced its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The firm had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter last year, the business posted $3.67 earnings per share. The firm’s revenue was down 4.4% compared to the same quarter last year. On average, analysts predict that Lowe’s Companies will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 35.34%.

Institutional Trading of Lowe’s Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Astoria Portfolio Advisors LLC. raised its stake in shares of Lowe’s Companies by 6.3% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 5,170 shares of the home improvement retailer’s stock worth $1,140,000 after buying an additional 308 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Lowe’s Companies by 19.0% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 4,895 shares of the home improvement retailer’s stock worth $1,079,000 after buying an additional 780 shares in the last quarter. Value Partners Investments Inc. raised its stake in shares of Lowe’s Companies by 24.6% during the 2nd quarter. Value Partners Investments Inc. now owns 10,479 shares of the home improvement retailer’s stock worth $2,310,000 after buying an additional 2,071 shares in the last quarter. Eastover Investment Advisors LLC raised its stake in shares of Lowe’s Companies by 1.0% during the 2nd quarter. Eastover Investment Advisors LLC now owns 27,997 shares of the home improvement retailer’s stock worth $5,983,000 after buying an additional 273 shares in the last quarter. Finally, Lynx Investment Advisory purchased a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $49,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Company Profile

(Get Free Report

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.

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Analyst Recommendations for Lowe's Companies (NYSE:LOW)

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