StockNews.com cut shares of Lowe's Companies (NYSE:LOW - Free Report) from a buy rating to a hold rating in a research report sent to investors on Thursday.
LOW has been the subject of a number of other reports. Royal Bank of Canada reduced their price objective on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Truist Financial cut their target price on Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Sanford C. Bernstein lifted their price objective on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Piper Sandler reduced their price objective on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $280.35.
Get Our Latest Stock Analysis on Lowe's Companies
Lowe's Companies Stock Down 3.0 %
LOW traded down $6.61 during midday trading on Thursday, hitting $216.68. The company had a trading volume of 4,477,937 shares, compared to its average volume of 2,447,038. The company has a market capitalization of $121.28 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.96 and a beta of 1.07. The stock's 50 day moving average price is $241.35 and its 200 day moving average price is $256.15. Lowe's Companies has a 52 week low of $211.80 and a 52 week high of $287.01.
Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Research analysts predict that Lowe's Companies will post 11.9 EPS for the current year.
Lowe's Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.12%. Lowe's Companies's dividend payout ratio is currently 37.67%.
Hedge Funds Weigh In On Lowe's Companies
Several hedge funds have recently made changes to their positions in LOW. Klingenstein Fields & Co. LP grew its holdings in Lowe's Companies by 1.0% during the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock valued at $1,012,000 after buying an additional 39 shares in the last quarter. Saxony Capital Management LLC boosted its position in shares of Lowe's Companies by 4.2% in the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after acquiring an additional 40 shares during the period. Powers Advisory Group LLC grew its stake in Lowe's Companies by 2.7% during the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock valued at $380,000 after acquiring an additional 40 shares in the last quarter. Gen Wealth Partners Inc increased its holdings in Lowe's Companies by 1.9% during the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock worth $534,000 after acquiring an additional 40 shares during the period. Finally, Cordatus Wealth Management LLC lifted its stake in Lowe's Companies by 0.3% in the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock worth $3,705,000 after purchasing an additional 41 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.
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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