Lowe’s (NYSE:LOW) declared a quarterly dividend on Friday, May 31st, Analyst Ratings Network.com reports. Shareholders of record on Wednesday, July 24th will be given a dividend of $0.18 per share on Wednesday, August 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.71%.
Several analysts have also recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of Lowe’s in a research note to investors on Wednesday, May 29th. On a related note, analysts at UBS AG reiterated a “buy” rating on shares of Lowe’s in a research note to investors on Tuesday, May 28th. They now have a $48.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Lowe’s in a research note to investors on Thursday, May 23rd.
One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $42.08.
Shares of Lowe’s (NYSE: LOW) opened at 42.11 on Monday. Lowe’s has a one year low of $24.76 and a one year high of $43.84. The stock’s 50-day moving average is currently $40.42. The company has a market cap of $45.816 billion and a P/E ratio of 24.10.
Lowe’s (NYSE: LOW) last released its earnings data on Wednesday, May 22nd. The company reported $0.49 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.51 by $0.02. The company had revenue of $13.20 billion for the quarter, compared to the consensus estimate of $13.45 billion. During the same quarter last year, the company posted $0.44 earnings per share. Lowe’s’s revenue was down .5% compared to the same quarter last year. Lowe’s has set its FY14 guidance at ~$2.05 EPS. Analysts expect that Lowe’s will post $2.08 EPS for the current fiscal year.
Lowe’s Companies, Inc. (NYSE: LOW) is a home improvement retailer.
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