Lowe’s Companies (NYSE:LOW) issued its earnings results on Wednesday. The home improvement retailer reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.15, RTT News reports. The business had revenue of $20.99 billion during the quarter, compared to the consensus estimate of $20.96 billion. Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $2.07 earnings per share. Lowe’s Companies updated its FY 2019 guidance to $5.45-5.65 EPS and its FY20 guidance to $5.45-5.65 EPS.

Shares of Lowe’s Companies stock opened at $108.00 on Thursday. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.24 and a current ratio of 1.09. Lowe’s Companies has a 52 week low of $84.75 and a 52 week high of $118.23. The stock has a 50 day moving average price of $101.52 and a two-hundred day moving average price of $103.63. The stock has a market capitalization of $74.42 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.25 and a beta of 1.36.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.04%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.

A number of brokerages have weighed in on LOW. Barclays lifted their target price on Lowe’s Companies from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, June 24th. Gabelli reiterated a “buy” rating on shares of Lowe’s Companies in a report on Thursday, May 23rd. Morgan Stanley set a $123.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a report on Thursday, May 23rd. ValuEngine downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Zacks Investment Research upgraded Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Lowe’s Companies presently has an average rating of “Buy” and an average price target of $113.25.

In related news, EVP Donald Frieson bought 2,030 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were bought at an average price of $98.69 per share, with a total value of $200,340.70. Following the completion of the transaction, the executive vice president now directly owns 10,980 shares in the company, valued at $1,083,616.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marvin R. Ellison bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were bought at an average cost of $95.05 per share, for a total transaction of $950,500.00. Following the transaction, the insider now owns 80,090 shares of the company’s stock, valued at $7,612,554.50. The disclosure for this purchase can be found here. Insiders acquired 12,280 shares of company stock valued at $1,174,566 in the last three months. Insiders own 0.07% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Lowe’s Companies by 0.4% during the second quarter. Vanguard Group Inc. now owns 66,234,867 shares of the home improvement retailer’s stock valued at $6,683,762,000 after buying an additional 240,910 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Lowe’s Companies by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 10,336,009 shares of the home improvement retailer’s stock valued at $952,946,000 after buying an additional 728,740 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Lowe’s Companies by 6,680.1% during the second quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock worth $636,989,000 after acquiring an additional 6,219,346 shares during the period. Morgan Stanley lifted its holdings in Lowe’s Companies by 1.0% during the second quarter. Morgan Stanley now owns 4,970,572 shares of the home improvement retailer’s stock worth $501,580,000 after acquiring an additional 50,649 shares during the period. Finally, Boston Partners lifted its holdings in Lowe’s Companies by 20.3% during the first quarter. Boston Partners now owns 4,900,149 shares of the home improvement retailer’s stock worth $536,420,000 after acquiring an additional 826,414 shares during the period. 75.85% of the stock is currently owned by institutional investors.

About Lowe’s Companies

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

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Earnings History for Lowe`s Companies (NYSE:LOW)

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