Lowe’s Companies (NYSE:LOW) had its price target boosted by Royal Bank of Canada to $118.00 in a research note released on Thursday, August 23rd, The Fly reports. Royal Bank of Canada currently has an outperform rating on the home improvement retailer’s stock.

A number of other equities analysts also recently commented on the stock. Credit Suisse Group set a $111.00 target price on shares of Lowe’s Companies and gave the stock a buy rating in a research note on Wednesday, May 23rd. Stifel Nicolaus boosted their price target on shares of Lowe’s Companies from $105.00 to $125.00 and gave the company a buy rating in a research note on Thursday, August 23rd. Zacks Investment Research raised shares of Lowe’s Companies from a hold rating to a buy rating and set a $113.00 price target on the stock in a research note on Tuesday, July 24th. KeyCorp boosted their price target on shares of Lowe’s Companies from $115.00 to $125.00 and gave the company an overweight rating in a research note on Thursday, August 23rd. Finally, Wells Fargo & Co reissued a buy rating and issued a $100.00 price target on shares of Lowe’s Companies in a research note on Tuesday, May 22nd. Ten investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Lowe’s Companies presently has a consensus rating of Buy and an average target price of $111.41.

Shares of NYSE LOW traded up $1.14 during trading on Thursday, hitting $113.89. The company had a trading volume of 5,253,913 shares, compared to its average volume of 5,204,450. Lowe’s Companies has a fifty-two week low of $75.36 and a fifty-two week high of $114.54. The firm has a market cap of $92.42 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. The company has a quick ratio of 0.25, a current ratio of 1.06 and a debt-to-equity ratio of 2.58.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.05. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 earnings per share. equities research analysts anticipate that Lowe’s Companies will post 5.2 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 7th. Investors of record on Wednesday, October 24th will be given a $0.48 dividend. The ex-dividend date is Tuesday, October 23rd. This represents a $1.92 annualized dividend and a yield of 1.69%. Lowe’s Companies’s dividend payout ratio (DPR) is 43.74%.

In other Lowe’s Companies news, Director Lisa W. Wardell purchased 273 shares of Lowe’s Companies stock in a transaction that occurred on Friday, August 24th. The stock was purchased at an average price of $107.72 per share, for a total transaction of $29,407.56. Following the transaction, the director now directly owns 273 shares in the company, valued at $29,407.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Bremer Trust National Association acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth $228,000. RFG Advisory Group LLC grew its stake in Lowe’s Companies by 54.8% in the 2nd quarter. RFG Advisory Group LLC now owns 3,903 shares of the home improvement retailer’s stock valued at $373,000 after acquiring an additional 1,381 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Lowe’s Companies in the 2nd quarter valued at about $8,224,000. Fisher Asset Management LLC grew its stake in Lowe’s Companies by 5.3% in the 2nd quarter. Fisher Asset Management LLC now owns 34,263 shares of the home improvement retailer’s stock valued at $3,275,000 after acquiring an additional 1,733 shares during the last quarter. Finally, Segment Wealth Management LLC acquired a new stake in Lowe’s Companies in the 2nd quarter valued at about $202,000. Institutional investors own 74.13% of the company’s stock.

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. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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The Fly

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

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