Lowe’s Companies (LOW) PT Lowered to $105.00

Lowe’s Companies (NYSE:LOW) had its price objective trimmed by Wedbush from $110.00 to $105.00 in a research note published on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the home improvement retailer’s stock.

Several other equities analysts have also recently issued reports on the stock. Telsey Advisory Group reiterated an outperform rating and issued a $116.00 target price (down from $126.00) on shares of Lowe’s Companies in a research note on Thursday. ValuEngine cut shares of Lowe’s Companies from a buy rating to a hold rating in a research note on Thursday. Robert W. Baird reiterated an outperform rating and issued a $127.00 target price (down from $133.00) on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Zacks Investment Research upgraded shares of Lowe’s Companies from a sell rating to a hold rating in a research note on Thursday, May 16th. Finally, Wells Fargo & Co reiterated a buy rating on shares of Lowe’s Companies in a research note on Friday, May 10th. Nine equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Lowe’s Companies currently has an average rating of Buy and a consensus price target of $113.35.

LOW opened at $95.37 on Thursday. The company has a quick ratio of 0.11, a current ratio of 0.98 and a debt-to-equity ratio of 3.95. Lowe’s Companies has a 1 year low of $84.75 and a 1 year high of $118.23. The firm has a market capitalization of $75.91 billion, a P/E ratio of 18.55, a PEG ratio of 1.30 and a beta of 1.26.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The firm had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.65 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities research analysts forecast that Lowe’s Companies will post 6.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 37.35%.

A number of large investors have recently bought and sold shares of the business. Clarfeld Financial Advisors LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth $26,000. Advisors Preferred LLC purchased a new stake in shares of Lowe’s Companies during the first quarter worth $26,000. Icon Wealth Partners LLC purchased a new stake in shares of Lowe’s Companies during the first quarter worth $26,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Lowe’s Companies during the first quarter worth $33,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of Lowe’s Companies by 117.4% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 337 shares of the home improvement retailer’s stock worth $36,000 after buying an additional 182 shares in the last quarter. Institutional investors own 75.53% of the company’s stock.

Lowe’s Companies Company Profile

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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