Lowe’s Companies (NYSE:LOW) Price Target Raised to $237.00 at DA Davidson

Lowe’s Companies (NYSE:LOW – Get Rating) had its target price boosted by DA Davidson from $228.00 to $237.00 in a report published on Wednesday, The Fly reports.

LOW has been the subject of a number of other research reports. Robert W. Baird decreased their price objective on shares of Lowe’s Companies from $235.00 to $225.00 in a report on Friday, May 12th. JPMorgan Chase & Co. decreased their target price on shares of Lowe’s Companies from $230.00 to $210.00 and set a neutral rating for the company in a research report on Thursday, March 2nd. 888 reaffirmed a maintains rating on shares of Lowe’s Companies in a research note on Wednesday, May 17th. Oppenheimer reduced their price objective on Lowe’s Companies from $300.00 to $275.00 in a research note on Tuesday, February 28th. Finally, 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. Two investment 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. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $221.12.

Lowe’s Companies Price Performance

NYSE LOW opened at $203.63 on Wednesday. The business’s 50-day simple moving average is $201.89 and its 200-day simple moving average is $204.21. The firm has a market capitalization of $121.44 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.19 and a beta of 1.09. Lowe’s Companies has a 1-year low of $170.12 and a 1-year high of $223.31.

Lowe’s Companies (NYSE:LOW – Get Rating) last released its quarterly earnings data on Tuesday, May 23rd. The home improvement retailer reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.19. The company had revenue of $22.35 billion during the quarter, compared to the consensus estimate of $21.68 billion. Lowe’s Companies had a net margin of 6.63% and a negative return on equity of 82.30%. Lowe’s Companies’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.51 earnings per share. On average, equities research analysts expect that Lowe’s Companies will post 13.66 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Insider Buying and Selling

In other Lowe’s Companies news, EVP Donald Frieson sold 9,411 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $197.00, for a total transaction of $1,853,967.00. Following the transaction, the executive vice president now directly owns 17,888 shares in the company, valued at approximately $3,523,936. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lowe’s Companies

Large investors have recently added to or reduced their stakes in the company. Axiom Financial Strategies LLC grew its holdings in Lowe’s Companies by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock valued at $275,000 after buying an additional 123 shares in the last quarter. United Bank lifted its position in Lowe’s Companies by 6.8% in the 1st quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock worth $1,968,000 after buying an additional 617 shares during the last quarter. Prudential PLC bought a new stake in Lowe’s Companies in the 1st quarter worth approximately $1,629,000. Baird Financial Group Inc. increased its stake in Lowe’s Companies by 0.4% in the 1st quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock worth $51,780,000 after purchasing an additional 920 shares during the period. Finally, Covestor Ltd increased its stake in Lowe’s Companies by 74.6% in the 1st quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock worth $60,000 after purchasing an additional 126 shares during the period. Hedge funds and other institutional investors own 72.62% of the company’s stock.

Lowe’s Companies Company Profile

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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.