Lowe’s Companies (NYSE:LOW) Price Target Cut to $275.00

Lowe’s Companies (NYSE:LOW) had its price target reduced by Evercore ISI from $280.00 to $275.00 in a research note published on Tuesday, Benzinga reports. They currently have an in-line rating on the home improvement retailer’s stock.

LOW has been the topic of several other reports. Wells Fargo & Company boosted their price target on Lowe’s Companies from $235.00 to $250.00 and gave the company an overweight rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. boosted their price target on Lowe’s Companies from $265.00 to $268.00 and gave the company an overweight rating in a research note on Wednesday, February 28th. The Goldman Sachs Group boosted their price target on Lowe’s Companies from $238.00 to $262.00 and gave the company a buy rating in a research note on Tuesday, February 13th. UBS Group boosted their price target on Lowe’s Companies from $250.00 to $270.00 and gave the company a buy rating in a research note on Wednesday, February 28th. Finally, Robert W. Baird raised Lowe’s Companies from an average rating to an outperform rating and set a $250.00 price target on the stock in a research note on Wednesday, February 14th. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $252.52.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $228.31 on Tuesday. The stock’s 50 day moving average is $239.15 and its 200 day moving average is $218.31. The firm has a market cap of $130.63 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.72 and a beta of 1.13. Lowe’s Companies has a one year low of $181.85 and a one year high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same period in the previous year, the firm earned $2.28 earnings per share. The firm’s quarterly revenue was down 17.1% on a year-over-year basis. Equities analysts anticipate that Lowe’s Companies will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.93%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wetzel Investment Advisors Inc. bought a new position in Lowe’s Companies in the 4th quarter valued at $25,000. Orion Capital Management LLC bought a new position in Lowe’s Companies in the 3rd quarter valued at $26,000. Tidemark LLC bought a new position in Lowe’s Companies in the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. bought a new position in Lowe’s Companies in the 4th quarter valued at $28,000. Finally, Transcendent Capital Group LLC bought a new position in Lowe’s Companies in the 4th quarter valued at $31,000. Institutional investors own 74.06% of the company’s stock.

About Lowe’s Companies

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.