Royal Bank of Canada Analysts Give Lowe’s Companies (NYSE:LOW) a $123.00 Price Target

Royal Bank of Canada set a $123.00 price target on Lowe’s Companies (NYSE:LOW) in a research note released on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the home improvement retailer’s stock.

A number of other analysts have also issued reports on the stock. Loop Capital boosted their price target on shares of Lowe’s Companies to $105.00 and gave the stock a hold rating in a research note on Thursday. Bank of America set a $135.00 target price on shares of Lowe’s Companies and gave the stock a buy rating in a research note on Monday, May 27th. Robert W. Baird restated an outperform rating and set a $127.00 target price (down from $133.00) on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Gabelli restated a buy rating on shares of Lowe’s Companies in a research note on Thursday, May 23rd. Finally, Wedbush restated a neutral rating and set a $115.00 target price (up from $105.00) on shares of Lowe’s Companies in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $116.08.

NYSE:LOW traded down $1.17 on Wednesday, reaching $106.99. 1,686,795 shares of the company’s stock were exchanged, compared to its average volume of 4,928,613. The company has a quick ratio of 0.24, a current ratio of 1.09 and a debt-to-equity ratio of 6.37. The firm has a market capitalization of $76.62 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 1.28 and a beta of 1.36. The business has a fifty day moving average of $101.62 and a 200-day moving average of $103.69. Lowe’s Companies has a 52-week low of $84.75 and a 52-week high of $118.23.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.15. The company had revenue of $20.99 billion for the quarter, compared to analyst estimates of $20.96 billion. Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.07 earnings per share. As a group, equities analysts anticipate that Lowe’s Companies will post 5.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 42.80%.

In other Lowe’s Companies news, EVP Donald Frieson purchased 2,030 shares of the stock in a transaction that occurred on Wednesday, June 19th. The stock was purchased at an average cost of $98.69 per share, with a total value of $200,340.70. Following the completion of the acquisition, the executive vice president now directly owns 10,980 shares of the company’s stock, valued at approximately $1,083,616.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.07% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Preferred LLC acquired a new stake in shares of Lowe’s Companies in the first quarter valued at approximately $26,000. Icon Wealth Partners LLC acquired a new stake in shares of Lowe’s Companies in the first quarter valued at approximately $26,000. Next Capital Management LLC acquired a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $27,000. Weaver Consulting Group acquired a new stake in shares of Lowe’s Companies in the first quarter valued at approximately $28,000. Finally, Knuff & Co LLC acquired a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $29,000. 75.85% of the stock is owned by hedge funds and other institutional investors.

About Lowe’s Companies

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.

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

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