Lowe’s Companies (NYSE:LOW) Price Target Lowered to $212.00 at Barclays

Lowe’s Companies (NYSE:LOW – Get Rating) had its price objective cut by Barclays from $215.00 to $212.00 in a research note published on Wednesday, The Fly reports.

A number of other research analysts also recently weighed in on the stock. TD Cowen lowered their price objective on shares of Lowe’s Companies from $220.00 to $210.00 and set a market perform rating on the stock in a research report on Thursday, March 2nd. Loop Capital increased their price target on shares of Lowe’s Companies from $200.00 to $205.00 and gave the stock a hold rating in a research report on Tuesday, March 21st. StockNews.com assumed coverage on shares of Lowe’s Companies in a research report on Thursday, May 18th. They issued a buy rating on the stock. Morgan Stanley reiterated an overweight rating and issued a $235.00 price target on shares of Lowe’s Companies in a research report on Monday, February 13th. Finally, Robert W. Baird decreased their price target on shares of Lowe’s Companies from $235.00 to $225.00 in a research report on Friday, May 12th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies currently has an average rating of Hold and an average price target of $221.12.

Lowe’s Companies Stock Down 1.5 %

NYSE:LOW opened at $203.63 on Wednesday. The company’s 50 day moving average price is $201.89 and its 200-day moving average price is $204.21. Lowe’s Companies has a 52 week low of $170.12 and a 52 week high of $223.31. The stock has a market cap of $121.44 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.19 and a beta of 1.09.

Lowe’s Companies (NYSE:LOW – Get Rating) last posted its quarterly earnings results on Tuesday, May 23rd. The home improvement retailer reported $3.67 EPS for the quarter, beating analysts’ consensus estimates of $3.48 by $0.19. Lowe’s Companies had a net margin of 6.63% and a negative return on equity of 82.30%. The firm had revenue of $22.35 billion for the quarter, compared to analysts’ expectations of $21.68 billion. During the same quarter in the prior year, the company posted $3.51 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Lowe’s Companies will post 13.66 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 10th. Stockholders of record on Wednesday, April 26th were issued a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, April 25th. This represents a $4.20 annualized dividend and a dividend yield of 2.06%. Lowe’s Companies’s dividend payout ratio is currently 41.96%.

Insider Activity

In other news, EVP Donald Frieson sold 9,411 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $197.00, for a total value of $1,853,967.00. Following the completion of the sale, the executive vice president now owns 17,888 shares in the company, valued at approximately $3,523,936. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Lowe’s Companies

Several large investors have recently modified their holdings of the business. Cornell Pochily Investment Advisors Inc. raised its holdings in shares of Lowe’s Companies by 0.4% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 11,285 shares of the home improvement retailer’s stock valued at $2,249,000 after purchasing an additional 49 shares in the last quarter. Family Firm Inc. grew its position in shares of Lowe’s Companies by 3.0% in the 3rd quarter. Family Firm Inc. now owns 1,712 shares of the home improvement retailer’s stock worth $322,000 after buying an additional 50 shares during the last quarter. Wiley BROS. Aintree Capital LLC grew its position in shares of Lowe’s Companies by 1.3% in the 4th quarter. Wiley BROS. Aintree Capital LLC now owns 3,920 shares of the home improvement retailer’s stock worth $781,000 after buying an additional 50 shares during the last quarter. First PREMIER Bank grew its position in shares of Lowe’s Companies by 9.4% in the 4th quarter. First PREMIER Bank now owns 580 shares of the home improvement retailer’s stock worth $116,000 after buying an additional 50 shares during the last quarter. Finally, DT Investment Partners LLC grew its position in shares of Lowe’s Companies by 2.2% in the 4th quarter. DT Investment Partners LLC now owns 2,287 shares of the home improvement retailer’s stock worth $456,000 after buying an additional 50 shares during the last quarter. Institutional investors own 72.62% of the company’s stock.

About Lowe’s Companies

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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.