Lowe’s Companies, Inc. (NYSE:LOW) – Investment analysts at Piper Jaffray Companies cut their Q1 2020 earnings per share estimates for Lowe’s Companies in a research report issued on Thursday, May 16th, according to Zacks Investment Research. Piper Jaffray Companies analyst P. Keith now expects that the home improvement retailer will post earnings of $1.32 per share for the quarter, down from their previous estimate of $1.36. Piper Jaffray Companies also issued estimates for Lowe’s Companies’ FY2020 earnings at $6.04 EPS, Q1 2021 earnings at $1.54 EPS, Q2 2021 earnings at $2.56 EPS, Q3 2021 earnings at $1.76 EPS and Q4 2021 earnings at $1.11 EPS.
Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley boosted their target price on shares of Lowe’s Companies from $115.00 to $123.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Zacks Investment Research cut Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Citigroup upped their target price on Lowe’s Companies from $125.00 to $127.00 and gave the company a “buy” rating in a report on Monday, April 1st. Wedbush upped their target price on Lowe’s Companies from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, February 28th. Finally, ValuEngine upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. Nine investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $113.48.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.65 billion. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.28%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, July 23rd. Lowe’s Companies’s dividend payout ratio is presently 37.35%.
In other Lowe’s Companies news, insider Marvin R. Ellison purchased 10,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were purchased at an average cost of $95.05 per share, for a total transaction of $950,500.00. Following the acquisition, the insider now owns 80,090 shares of the company’s stock, valued at $7,612,554.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.07% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Preferred LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at about $26,000. Icon Wealth Partners LLC purchased a new stake in Lowe’s Companies in the first quarter worth about $26,000. Clarfeld Financial Advisors LLC purchased a new stake in Lowe’s Companies in the fourth quarter worth about $26,000. Prime Capital Investment Advisors LLC purchased a new stake in Lowe’s Companies in the first quarter worth about $33,000. Finally, Premia Global Advisors LLC purchased a new stake in Lowe’s Companies in the first quarter worth about $36,000. Institutional investors own 76.85% 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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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