Lowe’s Firms (NYSE:LOW) Protection Initiated by Analysts at MKM Companions


MKM Companions assumed protection on shares of Lowe’s Firms (NYSE:LOW – Get Ranking) in a analysis notice launched on Thursday, The Fly reviews. The brokerage issued a impartial ranking and a $190.00 worth goal on the house enchancment retailer’s inventory.

A number of different brokerages have additionally lately issued reviews on LOW. Piper Sandler boosted their worth goal on Lowe’s Firms to $246.00 and gave the corporate an underweight ranking in a report on Thursday, Could nineteenth. Wedbush decreased their worth goal on Lowe’s Firms from $240.00 to $200.00 and set a impartial ranking for the corporate in a report on Thursday, Could nineteenth. Gordon Haskett lower Lowe’s Firms from a purchase ranking to an accumulate ranking in a report on Friday, Could sixth. UBS Group decreased their worth goal on Lowe’s Firms from $250.00 to $240.00 and set a purchase ranking for the corporate in a report on Thursday, Could nineteenth. Lastly, Telsey Advisory Group upped their worth goal on Lowe’s Firms from $275.00 to $285.00 and gave the inventory an outperform ranking in a report on Thursday, February twenty fourth. One analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking and fifteen have issued a purchase ranking to the inventory. In keeping with knowledge from MarketBeat.com, the inventory has a mean ranking of Average Purchase and a mean goal worth of $240.16.

Shares of LOW opened at $176.33 on Thursday. The inventory has a 50-day transferring common of $191.97 and a two-hundred day transferring common of $218.21. Lowe’s Firms has a one yr low of $170.12 and a one yr excessive of $263.31. The inventory has a market cap of $112.70 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.02 and a beta of 1.25.

Lowe’s Firms (NYSE:LOW – Get Ranking) final issued its quarterly earnings outcomes on Wednesday, Could 18th. The house enchancment retailer reported $3.51 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.29. The corporate had income of $23.66 billion in the course of the quarter, in comparison with analysts’ expectations of $23.72 billion. Lowe’s Firms had a unfavourable return on fairness of 251.50% and a internet margin of 8.85%. The agency’s income was down 3.1% in comparison with the identical quarter final yr. Throughout the identical quarter within the earlier yr, the agency posted $3.21 EPS. As a gaggle, equities analysis analysts predict that Lowe’s Firms will submit 13.49 EPS for the present fiscal yr.

The enterprise additionally lately declared a quarterly dividend, which can be paid on Wednesday, August third. Stockholders of document on Wednesday, July twentieth can be given a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, July nineteenth. This can be a optimistic change from Lowe’s Firms’s earlier quarterly dividend of $0.80. This represents a $4.20 dividend on an annualized foundation and a dividend yield of two.38%. Lowe’s Firms’s dividend payout ratio is 26.08%.

A number of hedge funds have lately purchased and offered shares of LOW. Norges Financial institution bought a brand new stake in shares of Lowe’s Firms within the fourth quarter valued at roughly $1,751,232,000. Magellan Asset Administration Ltd lifted its holdings in Lowe’s Firms by 12,323.7% within the first quarter. Magellan Asset Administration Ltd now owns 3,174,865 shares of the house enchancment retailer’s inventory valued at $641,926,000 after buying a further 3,149,310 shares over the last quarter. Salem Funding Counselors Inc. lifted its holdings in Lowe’s Firms by 1,121.7% within the fourth quarter. Salem Funding Counselors Inc. now owns 3,302,622 shares of the house enchancment retailer’s inventory valued at $853,662,000 after buying a further 3,032,297 shares over the last quarter. Renaissance Applied sciences LLC lifted its holdings in Lowe’s Firms by 7,952.8% within the first quarter. Renaissance Applied sciences LLC now owns 1,586,400 shares of the house enchancment retailer’s inventory valued at $320,754,000 after buying a further 1,566,700 shares over the last quarter. Lastly, Egerton Capital UK LLP lifted its holdings in Lowe’s Firms by 56.2% within the first quarter. Egerton Capital UK LLP now owns 3,610,961 shares of the house enchancment retailer’s inventory valued at $730,100,000 after buying a further 1,299,622 shares over the last quarter. Institutional buyers and hedge funds personal 75.46% of the corporate’s inventory.

Lowe’s Firms Firm Profile (Get Ranking)

Lowe’s Cos., Inc engages within the retail sale of dwelling enchancment merchandise. The agency affords merchandise for upkeep, restore, transforming, dwelling adorning and property upkeep. It additionally offers dwelling enchancment merchandise within the following classes: home equipment, lavatory, constructing provide, electrical, flooring, {hardware}, paint, kitchen, plumbing, lighting & followers, out of doors dwelling, home windows and doorways.

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Analyst Recommendations for Lowe's Companies (NYSE:LOW)



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