Lowe’s Companies, Inc. (NYSE:LOW) to Issue $0.55 Quarterly Dividend

Lowe’s Companies, Inc. (NYSE:LOW) declared a quarterly dividend on Friday, November 8th, RTT News reports. Stockholders of record on Wednesday, January 22nd will be paid a dividend of 0.55 per share by the home improvement retailer on Wednesday, February 5th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.93%.

Shares of LOW stock opened at $114.00 on Friday. The stock’s 50-day simple moving average is $110.71 and its 200-day simple moving average is $105.70. The company has a debt-to-equity ratio of 7.80, a quick ratio of 0.19 and a current ratio of 1.06. The firm has a market capitalization of $86.60 billion, a PE ratio of 22.18, a P/E/G ratio of 1.47 and a beta of 1.29. Lowe’s Companies has a fifty-two week low of $84.75 and a fifty-two week high of $118.23.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The business had revenue of $20.99 billion for the quarter, compared to analyst estimates of $20.96 billion. Lowe’s Companies had a return on equity of 111.09% and a net margin of 3.52%. The company’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company earned $2.07 earnings per share. Sell-side analysts forecast that Lowe’s Companies will post 5.67 earnings per share for the current year.

Several analysts recently commented on the company. UBS Group raised their target price on Lowe’s Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Piper Jaffray Companies raised Lowe’s Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $113.00 to $130.00 in a report on Tuesday, October 15th. Oppenheimer raised their target price on Lowe’s Companies from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. KeyCorp reaffirmed an “overweight” rating and set a $125.00 target price (up from $120.00) on shares of Lowe’s Companies in a report on Thursday, August 22nd. Finally, ValuEngine lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $123.20.

In other Lowe’s Companies news, EVP Jennifer L. Weber sold 12,589 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $112.62, for a total value of $1,417,773.18. Following the sale, the executive vice president now directly owns 17,440 shares of the company’s stock, valued at $1,964,092.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Matthew V. Hollifield sold 12,136 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total value of $1,363,358.24. Following the completion of the sale, the chief accounting officer now directly owns 28,017 shares in the company, valued at $3,147,429.78. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.

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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Dividend History for Lowe`s Companies (NYSE:LOW)

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