Lowe’s Companies, Inc. (NYSE:LOW) – Jefferies Financial Group lowered their Q3 2019 EPS estimates for Lowe’s Companies in a 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 previous forecast of $1.12. Jefferies Financial Group currently has a “Buy” rating and a $126.00 price target 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 released its quarterly earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.05. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period last year, the firm earned $1.57 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis.
LOW opened at $99.47 on Thursday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.25 and a current ratio of 1.06. Lowe’s Companies has a fifty-two week low of $77.14 and a fifty-two week high of $117.70. The stock has a market cap of $78.81 billion, a P/E ratio of 22.66, a PEG ratio of 1.31 and a beta of 1.52.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 7th. Stockholders of record on Wednesday, October 24th were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, October 23rd. This represents a $1.92 annualized dividend and a dividend yield of 1.93%. Lowe’s Companies’s payout ratio is 43.74%.
In other Lowe’s Companies news, Director Lisa W. Wardell bought 273 shares of Lowe’s Companies stock in a transaction dated Friday, August 24th. The stock was purchased at an average price of $107.72 per share, for a total transaction of $29,407.56. Following the completion of the purchase, the director now directly owns 273 shares of the company’s stock, valued at $29,407.56. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the chief financial officer now owns 63,099 shares of the company’s stock, valued at approximately $7,231,776.39. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of LOW. Almanack Investment Partners LLC. purchased a new position in shares of Lowe’s Companies in the second quarter worth about $103,000. CSat Investment Advisory L.P. purchased a new position in Lowe’s Companies during the second quarter valued at approximately $108,000. Columbia Asset Management purchased a new position in Lowe’s Companies during the third quarter valued at approximately $109,000. Capital Advisors Ltd. LLC purchased a new position in Lowe’s Companies during the third quarter valued at approximately $116,000. Finally, Stelac Advisory Services LLC purchased a new position in Lowe’s Companies during the third quarter valued at approximately $123,000. Hedge funds and other institutional investors own 74.59% of the company’s stock.
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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