Analysts Set Lowe’s Companies, Inc. (NYSE:LOW) PT at $280.35

Lowe’s Companies, Inc. (NYSE:LOW) has been assigned an average rating of “Moderate Buy” from the twenty-four brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $280.35.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus upped their target price on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Truist Financial dropped their price objective on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Bank of America cut 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 report on Thursday, February 27th. Finally, Evercore ISI raised their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th.

Institutional Investors Weigh In On Lowe’s Companies

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

Lowe’s Companies Stock Up 0.2 %

Shares of LOW stock opened at $223.05 on Friday. Lowe’s Companies has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The firm’s 50 day moving average price is $242.39 and its two-hundred day moving average price is $256.46. The stock has a market cap 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 1.07.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating 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. On average, equities analysts forecast that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

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

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.