Lowe’s Companies, Inc. (NYSE:LOW) Receives $240.04 Average PT from Analysts

Lowe’s Companies, Inc. (NYSE:LOWGet Free Report) has earned an average rating of “Hold” from the twenty-three ratings firms that are covering the firm, MarketBeat reports. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $240.04.

Several research firms recently commented on LOW. Oppenheimer downgraded Lowe’s Companies from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. TheStreet cut Lowe’s Companies from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. Morgan Stanley reduced their price objective on Lowe’s Companies from $255.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 22nd. Royal Bank of Canada cut their target price on Lowe’s Companies from $194.00 to $190.00 and set a “sector perform” rating on the stock in a research report on Monday, November 27th. Finally, Stifel Nicolaus lowered Lowe’s Companies from a “buy” rating to a “hold” rating and increased their price target for the company from $235.00 to $240.00 in a report on Wednesday, December 20th.

View Our Latest Stock Report on Lowe’s Companies

Institutional Investors Weigh In On Lowe’s Companies

Institutional investors have recently added to or reduced their stakes in the business. Modera Wealth Management LLC boosted its holdings in Lowe’s Companies by 1,987.7% in the second quarter. Modera Wealth Management LLC now owns 318,848 shares of the home improvement retailer’s stock worth $71,964,000 after acquiring an additional 303,575 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Lowe’s Companies by 33.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,345 shares of the home improvement retailer’s stock worth $695,000 after purchasing an additional 843 shares during the last quarter. Nwam LLC raised its stake in shares of Lowe’s Companies by 115.6% in the second quarter. Nwam LLC now owns 6,475 shares of the home improvement retailer’s stock worth $1,462,000 after purchasing an additional 3,472 shares during the last quarter. Ellenbecker Investment Group raised its stake in shares of Lowe’s Companies by 5.1% in the second quarter. Ellenbecker Investment Group now owns 1,790 shares of the home improvement retailer’s stock worth $404,000 after purchasing an additional 87 shares during the last quarter. Finally, GHE LLC raised its stake in shares of Lowe’s Companies by 0.5% in the second quarter. GHE LLC now owns 24,122 shares of the home improvement retailer’s stock worth $5,444,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 71.88% of the company’s stock.

Lowe’s Companies Trading Up 0.1 %

Shares of Lowe’s Companies stock opened at $218.12 on Friday. The firm has a market capitalization of $125.44 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.57 and a beta of 1.12. The business has a fifty day simple moving average of $216.10 and a two-hundred day simple moving average of $213.04. Lowe’s Companies has a 12 month low of $181.85 and a 12 month high of $237.21.

Lowe’s Companies (NYSE:LOWGet Free Report) last announced its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $3.06 EPS for the quarter, beating the consensus estimate of $3.03 by $0.03. Lowe’s Companies had a negative return on equity of 54.56% and a net margin of 8.49%. The business had revenue of $20.74 billion during the quarter, compared to analyst estimates of $20.87 billion. During the same quarter last year, the firm posted $3.27 earnings per share. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. Analysts predict that Lowe’s Companies will post 13.02 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Tuesday, January 23rd. Lowe’s Companies’s payout ratio is currently 33.92%.

Lowe’s Companies Company Profile

(Get Free Report

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.

Further Reading

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

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