Lowe's Companies, Inc. (NYSE:LOW) Receives $280.35 Consensus Target Price from Brokerages

Lowe's Companies, Inc. (NYSE:LOW - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-four analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $280.35.

A number of research firms have weighed in on LOW. StockNews.com cut Lowe's Companies from a "buy" rating to a "hold" rating in a research note on Thursday. Telsey Advisory Group restated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research report on Wednesday, February 26th. Truist Financial reduced their price target on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Bank of America lowered their price objective on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Finally, Mizuho reduced their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, February 27th.

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Lowe's Companies Trading Up 0.2 %

LOW traded up $0.53 during trading hours on Friday, hitting $223.05. 4,829,634 shares of the company's stock were exchanged, compared to its average volume of 2,435,897. The firm has a market cap of $124.84 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe's Companies has a 12-month low of $211.80 and a 12-month high of $287.01. The firm has a 50 day moving average of $243.17 and a 200 day moving average of $256.70.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, research analysts expect that Lowe's Companies will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.06%. Lowe's Companies's payout ratio is 37.67%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Quent Capital LLC boosted its position in shares of Lowe's Companies by 1.7% in the first quarter. Quent Capital LLC now owns 4,942 shares of the home improvement retailer's stock worth $1,153,000 after buying an additional 81 shares during the period. Versant Capital Management Inc raised its holdings in shares of Lowe's Companies by 26.1% during the 1st quarter. Versant Capital Management Inc now owns 6,610 shares of the home improvement retailer's stock valued at $1,542,000 after buying an additional 1,370 shares during the period. Boston Common Asset Management LLC lifted its position in Lowe's Companies by 21.9% during the 1st quarter. Boston Common Asset Management LLC now owns 18,599 shares of the home improvement retailer's stock worth $4,338,000 after acquiring an additional 3,341 shares in the last quarter. Trust Co of the South boosted its holdings in Lowe's Companies by 1.9% in the 1st quarter. Trust Co of the South now owns 6,160 shares of the home improvement retailer's stock worth $1,437,000 after acquiring an additional 112 shares during the period. Finally, Mascagni Wealth Management Inc. acquired a new stake in Lowe's Companies in the fourth quarter valued at approximately $67,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

About Lowe's Companies

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.