Lowe’s Companies, Inc. (NYSE:LOW) announced a quarterly dividend on Friday, November 8th, RTT News reports. Stockholders of record on Wednesday, January 22nd will be given a dividend of 0.55 per share by the home improvement retailer on Wednesday, February 5th. This represents a $2.20 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Tuesday, January 21st.
Lowe’s Companies has raised its dividend by an average of 20.4% per year over the last three years and has increased its dividend annually for the last 56 consecutive years. Lowe’s Companies has a payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lowe’s Companies to earn $6.69 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 32.9%.
LOW stock opened at $122.36 on Monday. The company has a market capitalization of $93.79 billion, a P/E ratio of 32.37, a PEG ratio of 1.53 and a beta of 1.28. Lowe’s Companies has a twelve month low of $90.23 and a twelve month high of $122.88. The business has a 50 day simple moving average of $119.07 and a 200-day simple moving average of $111.00. The company has a current ratio of 1.04, a quick ratio of 0.13 and a debt-to-equity ratio of 8.37.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.06. The business had revenue of $17.39 billion during the quarter, compared to the consensus estimate of $17.69 billion. Lowe’s Companies had a return on equity of 146.62% and a net margin of 4.11%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 earnings per share. Research analysts predict that Lowe’s Companies will post 5.7 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on LOW shares. ValuEngine downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Goldman Sachs Group increased their price objective on Lowe’s Companies from $123.00 to $135.00 in a report on Wednesday, November 27th. UBS Group upped their price target on Lowe’s Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Barclays reiterated a “buy” rating and issued a $130.00 price objective on shares of Lowe’s Companies in a research report on Friday, November 22nd. Finally, Nomura upped their target price on Lowe’s Companies from $132.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Six investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $129.46.
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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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