Lowe’s Companies, Inc. (NYSE:LOW) – Analysts at Jefferies Financial Group cut their Q3 2019 EPS estimates for shares of Lowe’s Companies in a research report issued on Monday, November 5th. Jefferies Financial Group analyst J. Matuszewski now expects that the home improvement retailer will post earnings of $1.04 per share for the quarter, down from their prior forecast of $1.12. Jefferies Financial Group currently has a “Buy” rating and a $126.00 target price on the stock. Jefferies Financial Group also issued estimates for Lowe’s Companies’ FY2019 earnings at $5.23 EPS and FY2020 earnings at $6.12 EPS.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.05. The company had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.79 billion. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $1.57 earnings per share.

Other equities research analysts have also recently issued reports about the company. Argus raised their target price on Lowe’s Companies to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Deutsche Bank raised their target price on Lowe’s Companies to $118.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Bank of America raised their target price on Lowe’s Companies from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. UBS Group raised their target price on Lowe’s Companies from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Finally, Stifel Nicolaus raised their target price on Lowe’s Companies from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $112.41.

LOW stock opened at $96.82 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.25 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $81.31 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 1.35 and a beta of 1.52. Lowe’s Companies has a 1 year low of $77.14 and a 1 year high of $117.70.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Wednesday, January 23rd will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.98%. Lowe’s Companies’s dividend payout ratio (DPR) is 43.74%.

In related news, CFO Marshall A. Croom sold 15,735 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total transaction of $1,803,388.35. Following the transaction, the chief financial officer now directly owns 63,099 shares of the company’s stock, valued at $7,231,776.39. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lisa W. Wardell bought 273 shares of the stock in a transaction that occurred on Friday, August 24th. The shares were purchased at an average cost of $107.72 per share, for a total transaction of $29,407.56. Following the completion of the acquisition, the director now owns 273 shares of the company’s stock, valued at $29,407.56. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Almanack Investment Partners LLC. acquired a new position in Lowe’s Companies during the second quarter worth about $103,000. CSat Investment Advisory L.P. acquired a new position in Lowe’s Companies during the second quarter worth about $108,000. Columbia Asset Management acquired a new position in Lowe’s Companies during the third quarter worth about $109,000. Capital Advisors Ltd. LLC acquired a new position in Lowe’s Companies during the third quarter worth about $116,000. Finally, Stelac Advisory Services LLC acquired a new position in Lowe’s Companies during the third quarter worth about $123,000. 74.59% of the stock is currently owned by hedge funds and other institutional investors.

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. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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