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
Shares of NYSE:LOW traded up $4.29 during trading on Friday, hitting $206.47. The company's stock had a trading volume of 3,014,054 shares, compared to its average volume of 3,417,332. The stock's 50-day moving average price is $186.29 and its two-hundred day moving average price is $202.92. Lowe's Companies has a fifty-two week low of $170.12 and a fifty-two week high of $263.31. The company has a market capitalization of $131.96 billion, a PE ratio of 16.83, a PEG ratio of 1.15 and a beta of 1.25.
Lowe's Companies (NYSE:LOW - Get Rating) last announced its quarterly earnings data 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. Lowe's Companies had a negative return on equity of 251.50% and a net margin of 8.85%. The firm had revenue of $23.66 billion for the quarter, compared to analysts' expectations of $23.72 billion. During the same quarter in the prior year, the firm posted $3.21 earnings per share. Lowe's Companies's revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities analysts predict that Lowe's Companies will post 13.41 earnings per share for the current fiscal year.
Lowe's Companies Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 3rd. Stockholders of record on Wednesday, July 20th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.03%. This is a boost from Lowe's Companies's previous quarterly dividend of $0.80. The ex-dividend date was Tuesday, July 19th. Lowe's Companies's dividend payout ratio is presently 34.23%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Citigroup downgraded Lowe's Companies from a "buy" rating to a "neutral" rating and lowered their price target for the company from $222.00 to $205.00 in a research report on Thursday. DA Davidson lowered their price target on Lowe's Companies from $292.00 to $240.00 and set a "buy" rating for the company in a research report on Thursday, May 19th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Thursday, July 28th. Wedbush lowered their price target on Lowe's Companies from $240.00 to $200.00 and set a "neutral" rating for the company in a research report on Thursday, May 19th. Finally, Piper Sandler upped their target price on Lowe's Companies to $246.00 and gave the stock an "underweight" rating in a research report on Thursday, May 19th. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $236.63.