Lowe’s Companies (NYSE:LOW) Given New $127.00 Price Target at Citigroup

Lowe’s Companies (NYSE:LOW) had its price objective upped by Citigroup from $125.00 to $127.00 in a report published on Monday, April 1st, BenzingaRatingsTable reports. They currently have a buy rating on the home improvement retailer’s stock.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada boosted their price objective on shares of Lowe’s Companies to $105.00 and gave the company an outperform rating in a report on Thursday, December 13th. Loop Capital boosted their price objective on shares of Lowe’s Companies from $99.00 to $102.00 and gave the company a hold rating in a report on Wednesday, February 27th. Morgan Stanley set a $115.00 price objective on shares of Lowe’s Companies and gave the company a buy rating in a report on Tuesday, March 19th. Wedbush set a $95.00 price objective on shares of Lowe’s Companies and gave the company a hold rating in a report on Thursday, December 13th. Finally, SunTrust Banks boosted their price objective on shares of Lowe’s Companies to $128.00 and gave the company a buy rating in a report on Thursday, December 13th. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Lowe’s Companies presently has a consensus rating of Buy and an average target price of $114.52.

Shares of LOW traded down $1.12 on Monday, reaching $112.48. 4,008,986 shares of the company’s stock were exchanged, compared to its average volume of 4,582,404. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11. The company has a market cap of $90.33 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 1.32 and a beta of 1.27. Lowe’s Companies has a 12 month low of $81.16 and a 12 month high of $118.23.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 37.35%.

Hedge funds have recently made changes to their positions in the company. CI Investments Inc. bought a new stake in Lowe’s Companies during the third quarter worth $59,775,000. Somerset Trust Co raised its position in Lowe’s Companies by 2.6% during the fourth quarter. Somerset Trust Co now owns 31,709 shares of the home improvement retailer’s stock worth $2,929,000 after acquiring an additional 814 shares in the last quarter. F3Logic LLC bought a new stake in Lowe’s Companies during the fourth quarter worth $2,135,000. Greatmark Investment Partners Inc. raised its position in Lowe’s Companies by 24.8% during the fourth quarter. Greatmark Investment Partners Inc. now owns 63,221 shares of the home improvement retailer’s stock worth $5,839,000 after acquiring an additional 12,550 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Lowe’s Companies during the fourth quarter worth $1,467,000. 76.31% of the stock is currently owned by institutional investors and hedge funds.

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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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