Lowe’s Companies, Inc. (NYSE:LOW) – Equities research analysts at Jefferies Financial Group cut their FY2021 earnings per share estimates for shares of Lowe’s Companies in a research note issued on Wednesday, May 22nd. Jefferies Financial Group analyst J. Matuszewski now forecasts that the home improvement retailer will post earnings per share of $6.35 for the year, down from their prior forecast of $7.10.
LOW has been the subject of a number of other research reports. Wells Fargo & Co lifted their price objective on Lowe’s Companies from $110.00 to $120.00 in a research note on Thursday, February 28th. Zacks Investment Research cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Evercore ISI started coverage on Lowe’s Companies in a research note on Wednesday, March 20th. They set an “outperform” rating and a $120.00 price objective for the company. Morgan Stanley lifted their price objective on Lowe’s Companies from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, February 28th. Finally, ValuEngine upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $113.48.
LOW opened at $95.37 on Monday. The company has a market capitalization of $75.91 billion, a PE ratio of 18.55, a PEG ratio of 1.21 and a beta of 1.26. Lowe’s Companies has a 52 week low of $84.75 and a 52 week high of $118.23. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.09 and a quick ratio of 0.24.
Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.11). The firm had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.65 billion. Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 EPS.
Institutional investors have recently bought and sold shares of the business. F3Logic LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter worth $2,135,000. Greatmark Investment Partners Inc. increased its holdings in shares of Lowe’s Companies by 24.8% in the 4th quarter. Greatmark Investment Partners Inc. now owns 63,221 shares of the home improvement retailer’s stock worth $5,839,000 after purchasing an additional 12,550 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Lowe’s Companies in the fourth quarter worth $1,467,000. BlackRock Inc. grew its holdings in shares of Lowe’s Companies by 0.7% in the fourth quarter. BlackRock Inc. now owns 53,503,078 shares of the home improvement retailer’s stock worth $4,941,544,000 after acquiring an additional 371,008 shares during the period. Finally, Ingalls & Snyder LLC grew its holdings in shares of Lowe’s Companies by 6.2% in the fourth quarter. Ingalls & Snyder LLC now owns 10,523 shares of the home improvement retailer’s stock worth $972,000 after acquiring an additional 613 shares during the period. 75.61% of the stock is owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 37.35%.
Lowe’s Companies Company Profile
Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.