Lowe’s Cos. (NYSE:LOW) shares gapped up prior to trading on Monday . The stock had previously closed at $82.08, but opened at $82.34. Lowe’s Cos. shares last traded at $83.06, with a volume of 1,570,960 shares trading hands.

A number of research analysts have recently commented on LOW shares. Zacks Investment Research upgraded Lowe’s Cos. from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. Goldman Sachs Group Inc. lifted their price objective on Lowe’s Cos. from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, April 6th. Barclays PLC initiated coverage on Lowe’s Cos. in a research note on Wednesday, March 30th. They set an “equal weight” rating and a $85.00 price objective for the company. Topeka Capital Markets initiated coverage on Lowe’s Cos. in a research note on Monday, May 23rd. They set a “hold” rating and a $75.00 price objective for the company. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Lowe’s Cos. in a research note on Thursday, April 14th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $83.41.

The company has a 50 day moving average price of $79.06 and a 200-day moving average price of $74.43. The stock has a market cap of $73.37 billion and a P/E ratio of 27.57.

Lowe’s Cos. (NYSE:LOW) last issued its earnings results on Wednesday, May 18th. The home improvement retailer reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.13. The firm earned $15.20 billion during the quarter, compared to analysts’ expectations of $14.87 billion. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.70 EPS. Analysts anticipate that Lowe’s Cos. will post $4.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 3rd. Investors of record on Wednesday, July 20th will be paid a $0.35 dividend. This is a boost from Lowe’s Cos.’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, July 18th. This represents a $1.40 dividend on an annualized basis and a yield of 1.69%.

In other Lowe’s Cos. news, CAO Matthew V. Hollifield sold 17,976 shares of the stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $79.16, for a total transaction of $1,422,980.16. Following the sale, the chief accounting officer now directly owns 36,715 shares of the company’s stock, valued at approximately $2,906,359.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard D. Maltsbarger sold 12,656 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $80.24, for a total value of $1,015,517.44. Following the sale, the insider now directly owns 34,793 shares in the company, valued at $2,791,790.32. The disclosure for this sale can be found here.

Other large investors recently made changes to their positions in the company. Neuberger Berman Group LLC increased its stake in shares of Lowe’s Cos. by 5.1% in the fourth quarter. Neuberger Berman Group LLC now owns 40,482 shares of the home improvement retailer’s stock valued at $3,078,000 after buying an additional 1,958 shares in the last quarter. Northeast Investment Management increased its stake in shares of Lowe’s Cos. by 2.6% in the fourth quarter. Northeast Investment Management now owns 162,488 shares of the home improvement retailer’s stock valued at $12,356,000 after buying an additional 4,042 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Lowe’s Cos. by 239.3% in the fourth quarter. First Trust Advisors LP now owns 634,532 shares of the home improvement retailer’s stock valued at $48,250,000 after buying an additional 447,516 shares in the last quarter. Sandy Spring Bank increased its stake in shares of Lowe’s Cos. by 12.0% in the fourth quarter. Sandy Spring Bank now owns 46,542 shares of the home improvement retailer’s stock valued at $3,539,000 after buying an additional 4,982 shares in the last quarter. Finally, Henderson Group PLC increased its stake in shares of Lowe’s Cos. by 4.0% in the fourth quarter. Henderson Group PLC now owns 142,449 shares of the home improvement retailer’s stock valued at $10,830,000 after buying an additional 5,482 shares in the last quarter.

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 serves homeowners, renters and professional customers (Pro customers). The Company’s retail customers, consists of individual homeowners and renters, a range of projects.

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