Lowe’s Companies (NYSE:LOW) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Lowe’s Companies (NYSE:LOW) from a hold rating to a buy rating in a research note published on Wednesday morning.

Other research analysts have also issued research reports about the stock. Mizuho started coverage on shares of Lowe’s Companies in a research note on Tuesday, March 19th. They set a buy rating and a $280.00 price objective on the stock. Truist Financial dropped their price objective on Lowe’s Companies from $271.00 to $265.00 and set a buy rating on the stock in a research note on Wednesday. UBS Group lifted their target price on Lowe’s Companies from $250.00 to $270.00 and gave the stock a buy rating in a report on Wednesday, February 28th. DA Davidson cut their price target on shares of Lowe’s Companies from $270.00 to $240.00 and set a neutral rating for the company in a report on Wednesday. Finally, Wells Fargo & Company raised their price objective on shares of Lowe’s Companies from $235.00 to $250.00 and gave the company an overweight rating in a research report on Tuesday, February 13th. Fourteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $251.33.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $221.11 on Wednesday. The firm has a market capitalization of $126.52 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15. Lowe’s Companies has a 1 year low of $181.85 and a 1 year high of $262.49. The stock has a fifty day moving average of $237.57 and a two-hundred day moving average of $224.71.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.12. The business had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.67 earnings per share. Equities research analysts predict that Lowe’s Companies will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were paid a $1.10 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.99%. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Institutional Trading of Lowe’s Companies

Institutional investors have recently bought and sold shares of the company. Second Line Capital LLC increased its position in Lowe’s Companies by 3.9% in the 1st quarter. Second Line Capital LLC now owns 3,356 shares of the home improvement retailer’s stock worth $855,000 after purchasing an additional 126 shares during the last quarter. Swedbank AB acquired a new position in Lowe’s Companies in the first quarter worth approximately $79,366,000. LRI Investments LLC acquired a new stake in Lowe’s Companies in the first quarter valued at approximately $264,000. Virtu Financial LLC bought a new stake in Lowe’s Companies in the first quarter worth approximately $814,000. Finally, Citizens Financial Group Inc. RI increased its stake in shares of Lowe’s Companies by 3.9% during the 1st quarter. Citizens Financial Group Inc. RI now owns 12,754 shares of the home improvement retailer’s stock worth $3,249,000 after purchasing an additional 478 shares during the last quarter. Institutional investors and hedge funds own 74.06% 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. 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.