Lowe’s Companies, Inc. (NYSE:LOW) announced a quarterly dividend on Friday, November 8th, RTT News reports. Investors of record on Wednesday, January 22nd will be paid a dividend of 0.55 per share by the home improvement retailer on Wednesday, February 5th. This represents a $2.20 dividend on an annualized basis and a yield of 1.93%.
LOW stock traded up $1.40 during midday trading on Friday, reaching $114.00. The stock had a trading volume of 2,792,399 shares, compared to its average volume of 4,548,905. The business has a fifty day simple moving average of $110.68 and a two-hundred day simple moving average of $105.70. The company has a quick ratio of 0.19, a current ratio of 1.06 and a debt-to-equity ratio of 7.80. The firm has a market cap of $86.60 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.47 and a beta of 1.29. Lowe’s Companies has a twelve month low of $84.75 and a twelve month high of $118.23.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 EPS for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.15. The firm had revenue of $20.99 billion during the quarter, compared to analyst estimates of $20.96 billion. Lowe’s Companies had a return on equity of 111.09% and a net margin of 3.52%. The company’s revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $2.07 earnings per share. On average, equities analysts predict that Lowe’s Companies will post 5.67 earnings per share for the current fiscal year.
In other Lowe’s Companies news, CAO Matthew V. Hollifield sold 12,136 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $112.34, for a total value of $1,363,358.24. Following the sale, the chief accounting officer now owns 28,017 shares in the company, valued at approximately $3,147,429.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer L. Weber sold 12,589 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $112.62, for a total value of $1,417,773.18. Following the sale, the executive vice president now owns 17,440 shares in the company, valued at approximately $1,964,092.80. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.
Several research firms have recently issued reports on LOW. Loop Capital boosted their target price on Lowe’s Companies to $105.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Morgan Stanley boosted their target price on Lowe’s Companies from $123.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. ValuEngine lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Jefferies Financial Group set a $125.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, Raymond James lowered Lowe’s Companies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $123.20.
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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