Trade Report: Today, Lowe’s Cos. (LOW) Lowered by Vetr Inc.

Today, Lowe’s Cos. (LOW) Lowered by Vetr Inc.

Vetr cut shares of Lowe’s Cos. (NYSE:LOW) from a buy rating to a hold rating in a research note released on Tuesday. The firm currently has $72.58 price objective on the home improvement retailer’s stock.

Other research analysts have also recently issued research reports about the company. Jefferies Group lowered their price objective on Lowe’s Cos. to $69.00 in a research report on Thursday, November 17th. Bank of America Corp. reiterated a buy rating and set a $87.65 price objective (up previously from $77.30) on shares of Lowe’s Cos. in a research report on Wednesday, August 24th. JPMorgan Chase & Co. reiterated a buy rating and set a $89.00 price objective on shares of Lowe’s Cos. in a research report on Tuesday, August 16th. Cantor Fitzgerald reiterated a buy rating and set a $85.00 price objective (up previously from $70.00) on shares of Lowe’s Cos. in a research report on Saturday, August 13th. Finally, Argus reiterated a buy rating and set a $90.00 price objective on shares of Lowe’s Cos. in a research report on Thursday, August 18th. Thirteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $81.93.

Lowe’s Cos. (NYSE:LOW) opened at 71.77 on Tuesday. The firm has a market cap of $62.66 billion, a P/E ratio of 26.35 and a beta of 1.25. The company’s 50-day moving average is $69.19 and its 200 day moving average is $75.62. Lowe’s Cos. has a 12 month low of $62.62 and a 12 month high of $83.65.

Lowe’s Cos. (NYSE:LOW) last posted its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by $0.08. Lowe’s Cos. had a net margin of 3.91% and a return on equity of 46.46%. The business earned $15.70 billion during the quarter, compared to the consensus estimate of $15.86 billion. During the same quarter last year, the company posted $0.80 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. Equities research analysts expect that Lowe’s Cos. will post $3.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $1.40 annualized dividend and a dividend yield of 1.95%. Lowe’s Cos.’s dividend payout ratio is 51.28%.

Several large investors have recently added to or reduced their stakes in the stock. CWM LLC increased its stake in Lowe’s Cos. by 0.3% in the second quarter. CWM LLC now owns 1,264 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 4 shares in the last quarter. North Star Investment Management Corp. increased its stake in Lowe’s Cos. by 20.0% in the third quarter. North Star Investment Management Corp. now owns 1,380 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 230 shares in the last quarter. Mycio Wealth Partners LLC increased its stake in Lowe’s Cos. by 5.4% in the third quarter. Mycio Wealth Partners LLC now owns 1,385 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 71 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Lowe’s Cos. during the second quarter valued at approximately $103,000. Finally, Hanson McClain Inc. increased its stake in Lowe’s Cos. by 17.5% in the second quarter. Hanson McClain Inc. now owns 1,328 shares of the home improvement retailer’s stock valued at $105,000 after buying an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 74.34% of the company’s stock.

Lowe’s Cos. Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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