Lowe’s Companies, Inc. (NYSE:LOW) Stock Rating Reaffirmed by Stifel Nicolaus
Stifel Nicolaus reiterated their buy rating on shares of Lowe’s Companies, Inc. (NYSE:LOW) in a research report report published on Friday morning. They currently have a $87.00 price objective on the home improvement retailer’s stock.
A number of other brokerages have also recently weighed in on LOW. Vetr cut Lowe’s Companies from a hold rating to a sell rating and set a $83.11 price target on the stock. in a research report on Monday, May 8th. BMO Capital Markets reiterated a buy rating and set a $89.00 price target on shares of Lowe’s Companies in a research report on Friday, May 5th. Zacks Investment Research cut Lowe’s Companies from a buy rating to a hold rating in a research report on Wednesday, May 3rd. Credit Suisse Group set a $94.00 price target on Lowe’s Companies and gave the stock a buy rating in a research report on Tuesday, May 2nd. Finally, Jefferies Group LLC raised their target price on Lowe’s Companies from $80.00 to $94.00 and gave the company a hold rating in a research report on Friday, May 12th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company’s stock. Lowe’s Companies has an average rating of Hold and a consensus target price of $85.39.
Lowe’s Companies (NYSE LOW) opened at 74.31 on Friday. Lowe’s Companies has a 12-month low of $64.87 and a 12-month high of $86.25. The firm has a market cap of $62.73 billion, a price-to-earnings ratio of 23.30 and a beta of 1.08. The stock has a 50 day moving average price of $77.49 and a 200-day moving average price of $79.00. Lowe’s Companies also was the target of unusually large options trading on Monday. Investors acquired 6,466 put options on the company. This represents an increase of 538% compared to the typical daily volume of 1,014 put options.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $16.86 billion for the quarter, compared to analyst estimates of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 earnings per share. Equities analysts forecast that Lowe’s Companies will post $4.62 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Wednesday, July 26th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, July 24th. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 annualized dividend and a dividend yield of 2.21%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 44.03%.
In other news, insider Richard D. Maltsbarger sold 11,672 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total transaction of $936,094.40. Following the completion of the sale, the insider now directly owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.
Several large investors have recently added to or reduced their stakes in LOW. SRS Capital Advisors Inc. raised its stake in Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 5 shares in the last quarter. Washington Trust Bank boosted its stake in shares of Lowe’s Companies by 27.4% in the first quarter. Washington Trust Bank now owns 1,238 shares of the home improvement retailer’s stock valued at $102,000 after buying an additional 266 shares during the period. Harbour Capital Advisors LLC acquired a new stake in shares of Lowe’s Companies during the first quarter valued at approximately $103,000. State of Alaska Department of Revenue acquired a new stake in shares of Lowe’s Companies during the first quarter valued at approximately $109,000. Finally, Hanson McClain Inc. boosted its stake in shares of Lowe’s Companies by 3.5% in the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after buying an additional 45 shares during the period. 74.73% of the stock is owned by institutional investors and hedge funds.
About Lowe’s Companies
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.
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