Brokerages Set Lowe’s Companies, Inc. (NYSE:LOW) Price Target at $250.41

Lowe’s Companies, Inc. (NYSE:LOWGet Free Report) has been assigned an average recommendation of “Hold” from the twenty-six research firms that are covering the stock, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $250.41.

Several analysts have issued reports on LOW shares. Gordon Haskett reaffirmed a “hold” rating and issued a $245.00 target price on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. DA Davidson cut their target price on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, May 22nd. Stifel Nicolaus upped their target price on Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a research note on Monday, May 13th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research note on Tuesday, May 21st. Finally, Wedbush reissued a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, May 22nd.

Check Out Our Latest Stock Report on Lowe’s Companies

Lowe’s Companies Trading Down 0.4 %

LOW stock opened at $216.33 on Wednesday. The company’s 50 day moving average is $223.06 and its 200 day moving average is $228.01. The stock has a market cap of $123.27 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.66 and a beta of 1.08. Lowe’s Companies has a 1-year low of $181.85 and a 1-year high of $262.49.

Lowe’s Companies (NYSE:LOWGet Free Report) 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 company had revenue of $21.36 billion for the quarter, compared to analysts’ expectations of $21.14 billion. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. Lowe’s Companies’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.67 earnings per share. As a group, sell-side analysts forecast that Lowe’s Companies will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. Lowe’s Companies’s dividend payout ratio (DPR) is 35.34%.

Hedge Funds Weigh In On Lowe’s Companies

A number of institutional investors have recently added to or reduced their stakes in LOW. Norges Bank bought a new position in Lowe’s Companies in the fourth quarter worth $1,638,746,000. Vanguard Group Inc. raised its holdings in Lowe’s Companies by 5.2% in the first quarter. Vanguard Group Inc. now owns 53,693,630 shares of the home improvement retailer’s stock worth $13,677,378,000 after purchasing an additional 2,674,372 shares in the last quarter. International Assets Investment Management LLC bought a new position in Lowe’s Companies in the fourth quarter worth $430,090,000. Schroder Investment Management Group raised its holdings in Lowe’s Companies by 189.5% in the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after purchasing an additional 1,831,727 shares in the last quarter. Finally, Canoe Financial LP bought a new position in Lowe’s Companies in the fourth quarter worth $206,912,000. Institutional investors own 74.06% of the company’s stock.

About Lowe’s Companies

(Get Free Report

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.

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Analyst Recommendations for Lowe's Companies (NYSE:LOW)

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