Lowe's Companies (LOW) was Reiterated by Morgan Stanley to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 87 from a previous price target of $84 . Morgan Stanley advised their investors in a research report released on Jun 6, 2016.
Many Wall Street Analysts have commented on Lowe's Companies. Topeka Capital Markets Initiated Lowe's Companies on May 24, 2016 to “Hold”, Price Target of the shares are set at $75.Company shares were Reiterated by RBC Capital Mkts on May 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 89 from a previous price target of $86 .Lowe's Companies was Upgraded by Citigroup to ” Buy” on May 19, 2016.
On the company’s financial health, Lowe's Companies reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.85. The company had revenue of $15234.00 million for the quarter, compared to analysts expectations of $14876.32 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.
Lowe's Companies closed down -0.75 points or -0.93% at $80.01 with 36,85,315 shares getting traded on Friday. Post opening the session at $80.47, the shares hit an intraday low of $79.56 and an intraday high of $80.56 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Investors should note that on May 27, 2016, Lowe's Companies announced a cash dividend of $0.3500. The company’s management has announced Jul 18, 2016 as the ex-dividend date and fixed the record date on Jul 20, 2016. The payable date has been fixed on Aug 3, 2016.
In a different news, on Jun 2, 2016, Richard D Maltsbarger (CDO & President, Int’l) sold 12,656 shares at $80.21 per share price. According to the SEC, on May 26, 2016, Matthew V Hollifield (SVP Chief Accounting Officer) sold 17,976 shares at $79.16 per share price. On May 25, 2016, Nelson B Peace (Corp Administration Executive) sold 27,720 shares at $79.79 per share price, according to the Form-4 filing with the securities and exchange commission.
Lowe’s Companies Inc. (Lowe’s) is a home improvement retailer. As of January 30 2015 Lowe’s operated 1840 home improvement and hardware stores representing approximately 201 million square feet of retail selling space. Lowe’s is consisted of 1793 stores located across 50 states in the United States including 74 Orchard Supply Hardware (Orchard) stores in California and Oregon as well as 37 stores in Canada and 10 stores in Mexico. It serves homeowners renters and professional customers (Pro customers). Its retail customers consisted of individual homeowners and renters complete a range of projects. The Pro customer consists of two categories: construction trades and maintenance repair and operations. The Company offers a range of products for maintenance repair remodeling and decorating.