Lowe’s Companies, Inc. (NYSE:LOW) Given Average Rating of “Moderate Buy” by Brokerages

Lowe’s Companies, Inc. (NYSE:LOWGet Rating) has been given an average recommendation of “Hold” by the twenty-eight analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $228.04.

A number of research firms recently issued reports on LOW. JPMorgan Chase & Co. decreased their price objective on Lowe’s Companies from $235.00 to $205.00 in a research note on Friday, November 11th. Telsey Advisory Group cut their price objective on Lowe’s Companies to $250.00 in a report on Monday, December 12th. Sanford C. Bernstein assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, December 6th. They set a “market perform” rating and a $237.00 target price for the company. MKM Partners dropped their price target on Lowe’s Companies from $220.00 to $205.00 in a research report on Wednesday, November 9th. Finally, Evercore ISI reduced their price objective on Lowe’s Companies to $225.00 in a research report on Monday, December 12th.

Insider Transactions at Lowe’s Companies

In other news, EVP Ross W. Mccanless sold 57,629 shares of the company’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $211.35, for a total value of $12,179,889.15. Following the completion of the sale, the executive vice president now directly owns 26,923 shares in the company, valued at approximately $5,690,176.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lowe’s Companies

A number of institutional investors have recently bought and sold shares of LOW. Investors Research Corp purchased a new stake in Lowe’s Companies in the 2nd quarter worth $26,000. Standard Family Office LLC purchased a new stake in Lowe’s Companies in the 3rd quarter worth $26,000. Legend Financial Advisors Inc. purchased a new stake in Lowe’s Companies in the 3rd quarter worth $26,000. Goodman Advisory Group LLC purchased a new stake in Lowe’s Companies in the 2nd quarter worth $27,000. Finally, Northwest Investment Counselors LLC increased its stake in Lowe’s Companies by 56.0% in the 3rd quarter. Northwest Investment Counselors LLC now owns 142 shares of the home improvement retailer’s stock worth $27,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 72.62% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW opened at $206.41 on Wednesday. The firm has a market cap of $128.12 billion, a PE ratio of 20.22, a PEG ratio of 1.13 and a beta of 1.16. The stock’s fifty day moving average price is $206.15 and its two-hundred day moving average price is $198.93. Lowe’s Companies has a 1 year low of $170.12 and a 1 year high of $240.71.

Lowe’s Companies (NYSE:LOWGet Rating) last released its quarterly earnings data on Wednesday, November 16th. The home improvement retailer reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.16. Lowe’s Companies had a negative return on equity of 103.72% and a net margin of 6.97%. The company had revenue of $23.48 billion for the quarter, compared to analyst estimates of $23.16 billion. During the same period in the previous year, the company posted $2.73 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts anticipate that Lowe’s Companies will post 13.73 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, January 24th. This represents a $4.20 annualized dividend and a dividend yield of 2.03%. Lowe’s Companies’s dividend payout ratio (DPR) is 41.14%.

Lowe’s Companies Company Profile

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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

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