Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical. It also offers installation services through independent contractors in various product categories; extended protection plans; and in-warranty and out-of-warranty repair services. The company sells its national brand-name merchandise and private brand products to homeowners, renters, and professional customers. As of January 28, 2022, it operated 1,971 home improvement and hardware stores. The company also sells its products through websites comprising Lowes.com and Lowesforpros.com; and through mobile applications. Lowe's Companies, Inc. was founded in 1921 and is based in Mooresville, North Carolina.
Lowe's Companies Stock Performance
Lowe's Companies stock opened at $208.04 on Tuesday. The company's 50 day simple moving average is $186.51 and its 200-day simple moving average is $202.39. The company has a market capitalization of $132.96 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.17 and a beta of 1.25. Lowe's Companies has a 1 year low of $170.12 and a 1 year high of $263.31.
Lowe's Companies (NYSE:LOW - Get Rating) last announced its earnings results on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.27. Lowe's Companies had a net margin of 8.85% and a negative return on equity of 251.50%. The firm had revenue of $23.66 billion for the quarter, compared to the consensus estimate of $23.72 billion. During the same period in the prior year, the firm earned $3.21 EPS. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. Equities analysts expect that Lowe's Companies will post 13.41 earnings per share for the current year.
Lowe's Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 3rd. Shareholders of record on Wednesday, July 20th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, July 19th. This represents a $4.20 dividend on an annualized basis and a yield of 2.02%. This is an increase from Lowe's Companies's previous quarterly dividend of $0.80. Lowe's Companies's dividend payout ratio is presently 34.23%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on LOW. UBS Group cut their target price on Lowe's Companies from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Thursday, May 19th. StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Thursday, July 28th. Gordon Haskett lowered shares of Lowe's Companies from a "buy" rating to an "accumulate" rating in a report on Friday, May 6th. OTR Global lowered shares of Lowe's Companies to a "positive" rating in a report on Tuesday, May 10th. Finally, DA Davidson decreased their price objective on shares of Lowe's Companies from $292.00 to $240.00 and set a "buy" rating for the company in a report on Thursday, May 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus target price of $236.63.