Lowe’s Companies, Inc. (NYSE:LOW) – Stock analysts at Jefferies Group raised their Q4 2018 earnings per share (EPS) estimates for Lowe’s Companies in a report issued on Thursday. Jefferies Group analyst D. Binder now anticipates that the home improvement retailer will post earnings of $0.93 per share for the quarter, up from their prior forecast of $0.92. Jefferies Group currently has a “Hold” rating and a $89.00 price objective on the stock. Jefferies Group also issued estimates for Lowe’s Companies’ FY2019 earnings at $5.24 EPS, FY2020 earnings at $5.75 EPS, FY2021 earnings at $6.43 EPS and FY2022 earnings at $7.15 EPS.

Several other research analysts also recently issued reports on the company. Goldman Sachs Group, Inc. (The) reduced their price objective on Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Friday. Vetr downgraded Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price objective on the stock. in a report on Monday, May 8th. Stifel Nicolaus reduced their price objective on Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Finally, Oppenheimer Holdings, Inc. set a $100.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $85.23.

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Shares of Lowe’s Companies (NYSE:LOW) traded up 0.32% during mid-day trading on Friday, hitting $77.26. The company had a trading volume of 3,090,052 shares. Lowe’s Companies has a 12-month low of $64.87 and a 12-month high of $86.25. The firm has a market cap of $65.22 billion, a PE ratio of 24.23 and a beta of 1.08. The firm’s 50 day moving average is $76.69 and its 200-day moving average is $79.41.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 EPS for the quarter, missing the consensus estimate of $1.06 by $0.03. The firm had revenue of $16.86 billion during the quarter, compared to analyst estimates of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. Lowe’s Companies’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 EPS.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after buying an additional 58,073,138 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Lowe’s Companies by 204.0% in the first quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock valued at $659,174,000 after buying an additional 5,380,759 shares in the last quarter. FMR LLC boosted its stake in shares of Lowe’s Companies by 62.6% in the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after buying an additional 3,732,153 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after buying an additional 2,650,045 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Lowe’s Companies by 94.1% in the second quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock valued at $269,960,000 after buying an additional 1,688,392 shares in the last quarter. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total transaction of $936,094.40. Following the sale, the insider now owns 37,716 shares of the company’s stock, valued at $3,024,823.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Wednesday, July 26th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Monday, July 24th. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s payout ratio is presently 51.57%.

Lowe’s Companies 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.

Earnings History and Estimates for Lowe`s Companies (NYSE:LOW)

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