Lowe's Companies, Inc. (LOW) Plans Quarterly Dividend of $0.23
Lowe's Companies (NYSE:LOW) declared a quarterly dividend on Friday, August 22nd, Analyst Ratings Net reports. Stockholders of record on Wednesday, October 22nd will be given a dividend of 0.23 per share on Wednesday, November 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.75%.
A number of research firms have recently commented on LOW. Analysts at Argus raised their price target on shares of Lowe's Companies from $58.00 to $60.00 in a research note on Friday. They now have a “buy” rating on the stock. On the ratings front, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lowe's Companies in a research note on Thursday. They now have a $58.00 price target on the stock, up previously from $54.00. Finally, analysts at Bank of America raised their price target on shares of Lowe's Companies to $61.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.93.
Lowe's Companies (NYSE:LOW) traded down 0.27% on Friday, hitting $52.53. The stock had a trading volume of 5,062,238 shares. Lowe's Companies has a 52 week low of $44.13 and a 52 week high of $53.04. The stock has a 50-day moving average of $48.60 and a 200-day moving average of $47.64. The company has a market cap of $52.389 billion and a P/E ratio of 23.31. Lowe's Companies also was the target of unusually large options trading activity on Tuesday. Traders purchased 11,081 put options on the stock. This is an increase of 540% compared to the typical daily volume of 1,731 put options.
Lowe's Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 20th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.02 by $0.02. The company had revenue of $16.60 billion for the quarter, compared to the consensus estimate of $16.57 billion. During the same quarter last year, the company posted $0.88 earnings per share. Lowe's Companies’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that Lowe's Companies will post $2.62 earnings per share for the current fiscal year.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.