Lowe’s Companies, Inc. (NYSE:LOW) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Lowe’s Companies, Inc. (NYSE:LOWGet Rating) have been given an average rating of “Moderate Buy” by the twenty-two analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $238.78.

A number of brokerages have weighed in on LOW. Morgan Stanley lowered their target price on Lowe’s Companies from $280.00 to $270.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. Wedbush cut their target price on Lowe’s Companies from $240.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, May 19th. DA Davidson cut their price objective on Lowe’s Companies from $292.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, May 19th. Loop Capital cut their price objective on Lowe’s Companies from $240.00 to $190.00 in a research report on Tuesday, April 12th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th.

Institutional Trading of Lowe’s Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Lowe’s Companies by 1.0% during the 4th quarter. State Street Corp now owns 30,861,324 shares of the home improvement retailer’s stock valued at $7,977,035,000 after purchasing an additional 296,707 shares during the period. Norges Bank purchased a new position in Lowe’s Companies during the fourth quarter worth about $1,751,232,000. Wellington Management Group LLP grew its position in Lowe’s Companies by 3.2% during the first quarter. Wellington Management Group LLP now owns 6,675,859 shares of the home improvement retailer’s stock worth $1,349,793,000 after buying an additional 205,858 shares in the last quarter. Invesco Ltd. grew its position in Lowe’s Companies by 13.0% during the first quarter. Invesco Ltd. now owns 5,809,836 shares of the home improvement retailer’s stock worth $1,174,691,000 after buying an additional 666,437 shares in the last quarter. Finally, Egerton Capital UK LLP grew its position in Lowe’s Companies by 56.2% during the first quarter. Egerton Capital UK LLP now owns 3,610,961 shares of the home improvement retailer’s stock worth $730,100,000 after buying an additional 1,299,622 shares in the last quarter. 75.46% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Performance

LOW opened at $187.95 on Wednesday. The firm has a market cap of $120.12 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.21 and a beta of 1.25. Lowe’s Companies has a 52-week low of $170.12 and a 52-week high of $263.31. The business’s fifty day moving average is $185.55 and its 200-day moving average is $204.54.

Lowe’s Companies (NYSE:LOWGet Rating) last posted its earnings results on Wednesday, May 18th. The home improvement retailer reported $3.51 EPS for the quarter, beating the consensus estimate of $3.24 by $0.27. Lowe’s Companies had a negative return on equity of 251.50% and a net margin of 8.85%. The firm had revenue of $23.66 billion during the quarter, compared to the consensus estimate of $23.72 billion. During the same period last year, the company earned $3.21 earnings per share. The business’s quarterly revenue was down 3.1% on a year-over-year basis. On average, research analysts predict that Lowe’s Companies will post 13.44 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 3rd. Investors of record on Wednesday, July 20th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.23%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Tuesday, July 19th. Lowe’s Companies’s payout ratio is presently 34.23%.

Lowe’s Companies Company Profile

(Get Rating)

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

See Also

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

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.