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

Shares of Lowe’s Companies, Inc. (NYSE:LOWGet Rating) have earned a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $243.44.

A number of equities analysts have recently commented on the stock. Piper Sandler lifted their target price on shares of Lowe’s Companies to $248.00 in a report on Monday, August 22nd. UBS Group boosted their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. Wedbush boosted their price objective on shares of Lowe’s Companies from $200.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, August 18th. Robert W. Baird boosted their price objective on shares of Lowe’s Companies from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Finally, Jefferies Financial Group boosted their price objective on shares of Lowe’s Companies from $238.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, August 18th.

Insider Activity at Lowe’s Companies

In related news, EVP Seemantini Godbole sold 11,761 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $214.37, for a total value of $2,521,205.57. Following the completion of the transaction, the executive vice president now owns 26,575 shares of the company’s stock, valued at approximately $5,696,882.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LOW. Investors Research Corp acquired a new position in shares of Lowe’s Companies during the 2nd quarter valued at about $26,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of Lowe’s Companies during the 1st quarter valued at about $27,000. Goodman Advisory Group LLC acquired a new position in shares of Lowe’s Companies during the 2nd quarter valued at about $27,000. Macroview Investment Management LLC increased its stake in shares of Lowe’s Companies by 49.1% during the 1st quarter. Macroview Investment Management LLC now owns 158 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 52 shares during the last quarter. Finally, O Dell Group LLC acquired a new position in shares of Lowe’s Companies during the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 74.04% of the company’s stock.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $188.36 on Thursday. The firm’s fifty day simple moving average is $197.89 and its 200-day simple moving average is $197.98. The stock has a market capitalization of $116.92 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.10 and a beta of 1.22. Lowe’s Companies has a 12 month low of $170.12 and a 12 month high of $263.31.

Lowe’s Companies (NYSE:LOWGet Rating) last announced its earnings results on Wednesday, August 17th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $27.48 billion for the quarter, compared to analysts’ expectations of $28.16 billion. Lowe’s Companies had a net margin of 8.83% and a negative return on equity of 155.26%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $4.25 EPS. Analysts anticipate that Lowe’s Companies will post 13.51 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, October 18th. Lowe’s Companies’s payout ratio is 33.10%.

Lowe’s Companies Company Profile

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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.

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

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