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.
Analysts Set New Price Targets
A number of brokerages have issued reports on LOW. Wells Fargo & Company decreased their price target on Lowe's Companies from $240.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, August 3rd. MKM Partners began coverage on Lowe's Companies in a report on Thursday, June 23rd. They issued a "neutral" rating and a $190.00 price target for the company. DA Davidson decreased their price target on Lowe's Companies from $292.00 to $240.00 and set a "buy" rating for the company in a report on Thursday, May 19th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a report on Thursday, July 28th. Finally, OTR Global cut Lowe's Companies to a "positive" rating in a research report on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $237.53.
Lowe's Companies Stock Down 3.3 %
Shares of NYSE:LOW opened at $195.20 on Wednesday. The business has a fifty day moving average of $185.75 and a two-hundred day moving average of $203.31. The stock has a market cap of $124.76 billion, a P/E ratio of 15.91, a PEG ratio of 1.13 and a beta of 1.25. Lowe's Companies has a 52-week low of $170.12 and a 52-week high of $263.31.
Lowe's Companies (NYSE:LOW - Get Rating) last issued its earnings results on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.27. The company had revenue of $23.66 billion during the quarter, compared to analysts' expectations of $23.72 billion. Lowe's Companies had a negative return on equity of 251.50% and a net margin of 8.85%. The firm's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $3.21 EPS. On average, equities analysts anticipate that Lowe's Companies will post 13.45 earnings per share for the current year.
Lowe's Companies Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 3rd. Stockholders of record on Wednesday, July 20th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Tuesday, July 19th. This is a positive change from Lowe's Companies's previous quarterly dividend of $0.80. Lowe's Companies's dividend payout ratio is 34.23%.