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

StockNews.com cut shares of Lowe’s Companies (NYSE:LOW) from a buy rating to a hold rating in a research report released on Thursday.

A number of other research analysts have also recently weighed in on LOW. Royal Bank of Canada dropped 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 research note on Thursday, February 27th. Guggenheim reissued a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Wedbush reiterated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Bank of America cut their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Piper Sandler decreased their price target on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.35.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $223.05 on Thursday. Lowe’s Companies has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The firm has a market capitalization of $124.84 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The stock’s fifty day moving average is $242.39 and its two-hundred day moving average is $256.46.

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

Lowe’s Companies Announces Dividend

The firm also recently declared 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 of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 2.06%. Lowe’s Companies’s dividend payout ratio (DPR) is 37.67%.

Institutional Investors Weigh In On Lowe’s Companies

Large investors have recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at $27,000. IFS Advisors LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth about $25,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $25,000. Marshall Investment Management LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter valued at about $31,000. Finally, Winch Advisory Services LLC lifted its position in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

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.