Brokerages Set Lowe’s Companies, Inc. (LOW) Target Price at $113.61

Shares of Lowe’s Companies, Inc. (NYSE:LOW) have been given a consensus rating of “Buy” by the twenty-six analysts that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $114.35.

LOW has been the topic of several analyst reports. ValuEngine cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Wells Fargo & Co boosted their price objective on Lowe’s Companies from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, December 13th. SunTrust Banks boosted their price objective on Lowe’s Companies to $128.00 and gave the stock a “buy” rating in a research note on Thursday, December 13th. Barclays cut Lowe’s Companies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $120.00 to $105.00 in a research note on Wednesday, January 9th. Finally, Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective on the stock in a research note on Wednesday, January 23rd.

Shares of LOW stock traded down $0.07 on Wednesday, reaching $109.40. The stock had a trading volume of 552,242 shares, compared to its average volume of 4,754,321. The company has a market cap of $87.90 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 1.27 and a beta of 1.27. Lowe’s Companies has a 1 year low of $81.16 and a 1 year high of $117.70. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.01. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The firm had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.75 billion. During the same period last year, the business posted $0.74 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, analysts expect that Lowe’s Companies will post 6.06 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.76%. Lowe’s Companies’s payout ratio is 37.35%.

Several hedge funds and other institutional investors have recently made changes to their positions in LOW. Clarfeld Financial Advisors LLC purchased a new stake in Lowe’s Companies during the fourth quarter worth $26,000. Capital Financial Planning LLC purchased a new stake in Lowe’s Companies during the fourth quarter worth $46,000. CNB Bank purchased a new stake in Lowe’s Companies during the fourth quarter worth $46,000. Ironwood Financial llc lifted its holdings in Lowe’s Companies by 171.0% during the fourth quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock worth $50,000 after buying an additional 342 shares during the period. Finally, Contravisory Investment Management Inc. increased its position in shares of Lowe’s Companies by 360.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock worth $60,000 after purchasing an additional 512 shares in the last quarter. Hedge funds and other institutional investors own 75.66% 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, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

Further Reading: Retained Earnings

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

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