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

Shares of Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) have been given an average recommendation of “Hold” by the twenty-eight research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $228.04.

A number of brokerages have issued reports on LOW. Cowen began coverage on Lowe’s Companies in a report on Wednesday, October 19th. They set a “market perform” rating and a $210.00 target price on the stock. Wedbush raised their target price on Lowe’s Companies from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, December 8th. JPMorgan Chase & Co. reduced their target price on Lowe’s Companies from $235.00 to $205.00 in a report on Friday, November 11th. Piper Sandler lifted their price objective on Lowe’s Companies from $248.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, November 17th. Finally, Exane BNP Paribas cut Lowe’s Companies from a “neutral” rating to an “underperform” rating and set a $159.00 price objective on the stock. in a report on Wednesday, October 19th.

Lowe’s Companies Stock Up 1.1 %

Shares of LOW stock opened at $206.41 on Wednesday. The stock has a 50-day moving average price of $206.15 and a 200 day moving average price of $198.93. The firm has a market cap of $128.12 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.13 and a beta of 1.16. Lowe’s Companies has a 12 month low of $170.12 and a 12 month high of $240.71.

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

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Tuesday, January 24th. Lowe’s Companies’s payout ratio is presently 41.14%.

Insider Buying and Selling

In related news, EVP Ross W. Mccanless sold 57,629 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $211.35, for a total transaction of $12,179,889.15. Following the transaction, the executive vice president now directly owns 26,923 shares of the company’s stock, valued at approximately $5,690,176.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Standard Family Office LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth approximately $26,000. Legend Financial Advisors Inc. bought a new stake in Lowe’s Companies in the 3rd quarter valued at $26,000. McElhenny Sheffield Capital Management LLC bought a new stake in Lowe’s Companies in the 4th quarter valued at $28,000. Northwest Investment Counselors LLC boosted 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 valued at $27,000 after purchasing an additional 51 shares during the period. Finally, Blume Capital Management Inc. boosted its stake in Lowe’s Companies by 70.6% in the 3rd quarter. Blume Capital Management Inc. now owns 145 shares of the home improvement retailer’s stock valued at $27,000 after purchasing an additional 60 shares during the period. 72.62% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Company Profile

(Get Rating)

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.