Lowe’s Companies (NYSE:LOW) PT Set at $280.00 by Mizuho

Mizuho set a $280.00 price target on Lowe’s Companies (NYSE:LOW) in a report published on Thursday, Marketbeat.com reports. The firm currently has an outperform rating on the home improvement retailer’s stock.

A number of other research firms have also weighed in on LOW. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Wednesday. Finally, Truist Financial set a $264.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $271.52.

Lowe’s Companies Stock Down 1.2%

LOW stock opened at $221.08 on Thursday. Lowe’s Companies has a twelve month low of $206.39 and a twelve month high of $287.01. The firm has a market cap of $123.74 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The business has a 50 day moving average of $224.61 and a 200 day moving average of $244.56.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. During the same quarter last year, the company earned $3.06 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, research analysts expect that Lowe’s Companies will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a $1.15 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.08%. Lowe’s Companies’s dividend payout ratio (DPR) is 37.67%.

Hedge Funds Weigh In On Lowe’s Companies

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Lowe’s Companies by 0.4% in the first quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer’s stock worth $12,736,545,000 after buying an additional 230,359 shares in the last quarter. FMR LLC lifted its position in shares of Lowe’s Companies by 1.0% during the 4th quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer’s stock valued at $6,483,558,000 after buying an additional 259,766 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Lowe’s Companies by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer’s stock valued at $2,952,341,000 after acquiring an additional 245,876 shares during the period. Norges Bank purchased a new stake in Lowe’s Companies in the 4th quarter worth approximately $1,842,954,000. Finally, Northern Trust Corp raised its stake in Lowe’s Companies by 16.3% during the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock worth $1,745,960,000 after acquiring an additional 993,833 shares during the period. 74.06% of the stock is owned by institutional investors.

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.