Lowe’s Companies, Inc. (NYSE:LOW – Get Free Report) has earned a consensus rating of “Hold” from the twenty-three brokerages that are covering the firm, MarketBeat.com reports. Twelve analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $254.04.
A number of brokerages have recently commented on LOW. Wells Fargo & Company dropped their target price on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Wednesday. Piper Sandler dropped their price objective on shares of Lowe’s Companies from $264.00 to $262.00 and set an “overweight” rating on the stock in a research note on Wednesday. Truist Financial upped their price objective on shares of Lowe’s Companies from $265.00 to $269.00 and gave the stock a “buy” rating in a report on Wednesday. Gordon Haskett lowered their target price on shares of Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Morgan Stanley boosted their price target on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday.
Read Our Latest Analysis on LOW
Institutional Investors Weigh In On Lowe’s Companies
Lowe’s Companies Price Performance
Shares of LOW opened at $250.07 on Thursday. Lowe’s Companies has a one year low of $181.85 and a one year high of $262.49. The company has a 50-day simple moving average of $231.99 and a two-hundred day simple moving average of $232.64. The firm has a market capitalization of $142.50 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07.
Lowe’s Companies (NYSE:LOW – Get Free Report) last released its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. The company had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.56 EPS. Analysts expect that Lowe’s Companies will post 12.23 EPS for the current fiscal year.
Lowe’s Companies Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. Lowe’s Companies’s dividend payout ratio (DPR) is 36.95%.
About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.
Featured Stories
- Five stocks we like better than Lowe’s Companies
- Manufacturing Stocks Investing
- CAVA Stock Rallies as Earnings Confirm It’s a Top Growth Play
- Technology Stocks Explained: Here’s What to Know About Tech
- MarketBeat Week in Review – 8/19 – 8/23
- Why Invest in 5G? How to Invest in 5G Stocks
- 3 High Short-Interest Stocks Poised for a Rate Cut Squeeze
Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.