Evercore ISI Trims Lowe’s Companies (NYSE:LOW) Target Price to $275.00

Lowe’s Companies (NYSE:LOW) had its price objective lowered by Evercore ISI from $280.00 to $275.00 in a report issued on Tuesday morning, Benzinga reports. The firm currently has an in-line rating on the home improvement retailer’s stock.

Several other analysts have also recently commented on the company. Wedbush raised their target price on Lowe’s Companies from $215.00 to $250.00 and gave the company a neutral rating in a research report on Wednesday, February 28th. Zelman & Associates reaffirmed a neutral rating and set a $265.00 price target on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Mizuho started coverage on Lowe’s Companies in a research note on Tuesday, March 19th. They set a buy rating and a $280.00 price target for the company. DA Davidson reaffirmed a neutral rating and set a $270.00 price target on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Finally, Citigroup increased their price target on Lowe’s Companies from $199.00 to $236.00 and gave the company a neutral rating in a research note on Wednesday, February 21st. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $252.52.

Lowe’s Companies Price Performance

LOW opened at $228.76 on Tuesday. Lowe’s Companies has a 12 month low of $181.85 and a 12 month high of $262.49. The stock has a market cap of $130.89 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.69 and a beta of 1.13. The stock’s 50 day moving average price is $239.46 and its 200 day moving average price is $218.46.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same period last year, the firm earned $2.28 EPS. The firm’s revenue was down 17.1% compared to the same quarter last year. Equities analysts anticipate that Lowe’s Companies will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.92%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Institutional Trading of Lowe’s Companies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wetzel Investment Advisors Inc. purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth $25,000. Tidemark LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth $27,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth $28,000. Orion Capital Management LLC purchased a new stake in shares of Lowe’s Companies during the third quarter worth $26,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth $31,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

About Lowe’s Companies

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.