Peel Hunt restated their buy rating on shares of Lowe’s Cos. (NYSE:LOW) in a research note issued to investors on Friday morning. The firm currently has a $90.00 price target on the home improvement retailer’s stock, up from their previous price target of $85.00.
Several other brokerages also recently commented on LOW. Stifel Nicolaus assumed coverage on Lowe’s Cos. in a research note on Tuesday, August 2nd. They set a buy rating and a $100.00 target price for the company. Vetr downgraded Lowe’s Cos. from a buy rating to a hold rating and set a $85.38 price target for the company. in a research note on Thursday, July 28th. Cantor Fitzgerald restated a buy rating and issued a $85.00 price target (up from $70.00) on shares of Lowe’s Cos. in a research note on Saturday, August 13th. JPMorgan Chase & Co. restated a buy rating and issued a $89.00 price target on shares of Lowe’s Cos. in a research note on Tuesday, August 16th. Finally, BTIG Research began coverage on Lowe’s Cos. in a research note on Wednesday, June 1st. They issued a buy rating and a $90.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $85.93.
Shares of Lowe’s Cos. (NYSE:LOW) opened at 72.35 on Friday. Lowe’s Cos. has a one year low of $62.62 and a one year high of $83.65. The company has a market cap of $63.28 billion, a PE ratio of 23.45 and a beta of 1.07. The stock’s 50 day moving average price is $76.18 and its 200 day moving average price is $77.33.
Lowe’s Cos. (NYSE:LOW) last issued its earnings results on Wednesday, August 17th. The home improvement retailer reported $1.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.41 by $0.04. Lowe’s Cos. had a return on equity of 43.38% and a net margin of 4.58%. The business had revenue of $18.26 billion for the quarter, compared to the consensus estimate of $18.42 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that Lowe’s Cos. will post $4.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Investors of record on Wednesday, October 19th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Monday, October 17th. Lowe’s Cos.’s dividend payout ratio (DPR) is currently 45.16%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Carnick & Kubik Group LLC purchased a new position in Lowe’s Cos. during the second quarter worth $2,239,000. Williams Jones & Associates LLC increased its position in Lowe’s Cos. by 1,487.6% in the second quarter. Williams Jones & Associates LLC now owns 138,088 shares of the home improvement retailer’s stock worth $10,932,000 after buying an additional 129,390 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Lowe’s Cos. during the second quarter worth $2,833,000. Kentucky Retirement Systems bought a new stake in shares of Lowe’s Cos. during the second quarter valued at approximately $5,966,000. Finally, Mason Street Advisors LLC bought a new stake in shares of Lowe’s Cos. during the second quarter valued at approximately $9,449,000. 75.48% of the stock is currently owned by institutional investors and hedge funds.
Lowe’s Cos. Company Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.
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