Trade Report: Today, Lowe’s Cos. (LOW) Rating Reiterate by Credit Suisse Group AG

Today, Lowe’s Cos. (LOW) Rating Reiterate by Credit Suisse Group AG

Lowe’s Cos. (NYSE:LOW)‘s stock had its “buy” rating reaffirmed by stock analysts at Credit Suisse Group AG in a report released on Wednesday.

LOW has been the topic of several other reports. Robert W. Baird set a $88.00 target price on Lowe’s Cos. and gave the company a “buy” rating in a research note on Monday, September 19th. Morgan Stanley set a $87.00 target price on Lowe’s Cos. and gave the company a “buy” rating in a research note on Friday, August 19th. BTIG Research reissued a “buy” rating on shares of Lowe’s Cos. in a research note on Wednesday, November 16th. Vetr cut Lowe’s Cos. from a “strong-buy” rating to a “buy” rating and set a $76.30 target price on the stock. in a research note on Tuesday, October 18th. Finally, JPMorgan Chase & Co. cut Lowe’s Cos. from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $87.00 to $72.00 in a research note on Wednesday, October 26th. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $81.93.

Lowe’s Cos. (NYSE:LOW) opened at 71.77 on Wednesday. Lowe’s Cos. has a 52 week low of $62.62 and a 52 week high of $83.65. The firm’s 50-day moving average price is $69.19 and its 200 day moving average price is $75.62. The company has a market capitalization of $62.66 billion, a PE ratio of 26.35 and a beta of 1.25.

Lowe’s Cos. (NYSE:LOW) last posted its earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 had revenue of $15.70 billion for the quarter, compared to analysts’ expectations of $15.86 billion. During the same period last year, the firm posted $0.80 earnings per share. Lowe’s Cos.’s quarterly revenue was up 9.6% on a year-over-year basis. Equities research analysts expect that Lowe’s Cos. will post $3.92 earnings per share for the current fiscal year.

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

Several hedge funds have recently added to or reduced their stakes in LOW. CWM LLC boosted its position 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. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Lowe’s Cos. during the second quarter valued at $103,000. Hanson McClain Inc. boosted its position 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. North Star Investment Management Corp. boosted its position 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. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Lowe’s Cos. during the second quarter valued at $110,000. Hedge funds and other institutional investors own 74.34% of the company’s stock.

About Lowe’s Cos.

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