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

Lowe’s Companies, Inc. (NYSE:LOW) has earned an average recommendation of “Moderate Buy” from the twenty-five brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $278.21.

LOW has been the topic of a number of research analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Tuesday, April 15th. Piper Sandler decreased their price target on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. DA Davidson reaffirmed a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a report on Wednesday, April 16th. Truist Financial decreased their price target on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada reduced their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th.

Lowe’s Companies Stock Up 0.1 %

Lowe’s Companies stock opened at $221.13 on Tuesday. Lowe’s Companies has a 52 week low of $206.39 and a 52 week high of $287.01. The company has a market capitalization of $123.77 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The stock has a 50-day moving average price of $228.78 and a 200 day moving average price of $250.25.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Research analysts anticipate that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 37.67%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LOW. Invst LLC purchased a new position in shares of Lowe’s Companies during the third quarter valued at about $255,000. Virtu Financial LLC increased its stake in shares of Lowe’s Companies by 66.1% in the 3rd quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer’s stock worth $1,483,000 after purchasing an additional 2,178 shares in the last quarter. Tudor Financial Inc. bought a new stake in Lowe’s Companies during the third quarter valued at about $1,877,000. Anchor Investment Management LLC boosted its stake in shares of Lowe’s Companies by 2.6% in the third quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer’s stock worth $12,334,000 after acquiring an additional 1,161 shares during the period. Finally, World Investment Advisors LLC boosted its stake in shares of Lowe’s Companies by 7.6% in the third quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer’s stock worth $6,423,000 after acquiring an additional 1,670 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Company Profile

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.