Lowe’s Companies (NYSE:LOW) Price Target Lowered to $225.00 at Evercore ISI

Lowe’s Companies (NYSE:LOW) had its price target cut by Evercore ISI from $250.00 to $225.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an in-line rating on the home improvement retailer’s stock.

LOW has been the topic of several other reports. StockNews.com downgraded Lowe’s Companies from a buy rating to a hold rating in a report on Tuesday, June 18th. Royal Bank of Canada reissued a sector perform rating and issued a $246.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Stifel Nicolaus increased their price objective on Lowe’s Companies from $225.00 to $250.00 and gave the stock a hold rating in a research note on Monday, May 13th. Telsey Advisory Group reissued a market perform rating and issued a $230.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, May 21st. Finally, Citigroup dropped their price objective on Lowe’s Companies from $243.00 to $240.00 and set a neutral rating on the stock in a research note on Tuesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $250.41.

Lowe’s Companies Trading Up 0.1 %

NYSE:LOW opened at $213.75 on Tuesday. Lowe’s Companies has a 12 month low of $181.85 and a 12 month high of $262.49. The business’s 50-day moving average is $224.97 and its 200 day moving average is $228.40. The company has a market capitalization of $121.80 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.69 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The business had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same period in the prior year, the business posted $3.67 earnings per share. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, research analysts forecast that Lowe’s Companies will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. Lowe’s Companies’s dividend payout ratio (DPR) is 35.34%.

Hedge Funds Weigh In On Lowe’s Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KPP Advisory Services LLC purchased a new position in shares of Lowe’s Companies during the 3rd quarter valued at about $453,000. JT Stratford LLC grew its position in shares of Lowe’s Companies by 22.8% during the 3rd quarter. JT Stratford LLC now owns 3,374 shares of the home improvement retailer’s stock valued at $701,000 after acquiring an additional 627 shares during the period. Schroder Investment Management Group grew its position in shares of Lowe’s Companies by 189.5% during the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock valued at $581,592,000 after acquiring an additional 1,831,727 shares during the period. Riggs Asset Managment Co. Inc. grew its position in shares of Lowe’s Companies by 0.5% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 16,732 shares of the home improvement retailer’s stock valued at $3,478,000 after acquiring an additional 87 shares during the period. Finally, Rainsberger Wealth Advisors Inc. grew its position in shares of Lowe’s Companies by 2.1% during the 3rd quarter. Rainsberger Wealth Advisors Inc. now owns 4,504 shares of the home improvement retailer’s stock valued at $936,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

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.