Lowe’s Companies (NYSE:LOW) Trading 0.6% Higher

Lowe’s Companies, Inc. (NYSE:LOW) traded up 0.6% during mid-day trading on Monday . The company traded as high as $253.20 and last traded at $251.49. 366,076 shares were traded during mid-day trading, a decline of 85% from the average session volume of 2,523,966 shares. The stock had previously closed at $250.07.

Analyst Ratings Changes

LOW has been the topic of several research reports. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Gordon Haskett decreased their target price on shares of Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Piper Sandler dropped their target price on shares of Lowe’s Companies from $264.00 to $262.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Citigroup dropped their price target on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. Finally, Morgan Stanley upped their price target on shares of Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.04.

Lowe’s Companies Stock Performance

The company has a market capitalization of $141.79 billion, a PE ratio of 19.99, a PEG ratio of 1.85 and a beta of 1.07. The stock has a fifty day moving average of $232.88 and a 200 day moving average of $233.11.

Lowe’s Companies (NYSE:LOW) last posted 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 for the quarter, compared to the consensus estimate of $23.93 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.56 earnings per share. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Wednesday, July 24th. Lowe’s Companies’s payout ratio is 36.95%.

Institutional Investors Weigh In On Lowe’s Companies

Several hedge funds have recently made changes to their positions in LOW. Tidemark LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. bought a new stake in shares of Lowe’s Companies in the 4th quarter worth $28,000. Transcendent Capital Group LLC bought a new stake in Lowe’s Companies during the fourth quarter worth approximately $31,000. Stephens Consulting LLC raised its holdings in Lowe’s Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares during the period. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in Lowe’s Companies during the 4th quarter worth about $33,000. 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.