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LOW

Lowe's

$93.33

-0.555 (-0.59%)

10:23
05/31/19
05/31
10:23
05/31/19
10:23

Lowe's increases dividend 15% to 55c per share

Lowe's Companies President and CEO Marvin Ellison, at the company's annual meeting of shareholders, announced that the board of directors declared a 15% increase in its quarterly cash dividend to 55c per share, payable Aug. 7 to shareholders of record as of July 24. "We are on the right path to make Lowe's an omnichannel retailer that provides an outstanding experience for our customers, a great place to work for our associates, and a company that delivers better, more consistent returns for shareholders," said Ellison.

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LOW Lowe's
$93.33

-0.555 (-0.59%)

05/23/19
WEDB
05/23/19
NO CHANGE
Target $105
WEDB
Neutral
Lowe's price target lowered to $105 from $100 at Wedbush
Wedbush analyst Seth Basham lowered his price target for Lowe's to $105 from $110 after the company's Q1 EPS fell well short of consensus, driven by sharp gross margin declines stemming primarily from inadequate price increases to offset higher product costs due to systems limitations and significant turnover on the merchandising team. While this issue appears mostly transitory in nature, it could bleed into Q3, he contends. The analyst reiterates a Neutral rating on the shares.
05/23/19
MSCO
05/23/19
NO CHANGE
Target $123
MSCO
Overweight
Morgan Stanley stays Overweight on Lowe's despite weaker gross margin view
Morgan Stanley analyst Simeon Gutman acknowledged that Lowe's reported "material, unanticipated" gross margin weakness in Q1 and revised its outlook for weaker gross margins in 2019. He thinks management has been hyper focused on top-line growth, to the detriment of margins, in the early stages of their transformation plan, but Gutman believes the gross margin weakness anticipated in 2019 is transitory. The margin issues overshadowed solid comps and expense leverage in Q1, contends the analyst, who said the margin setback does not change his Overweight thesis given his view that EPS should rebound next year. Gutman has a $123 price target on Lowe's shares.
05/24/19
RHCO
05/24/19
NO CHANGE
Target $120
RHCO
Buy
Lowe's price target lowered to $120 from $128 at SunTrust
SunTrust analyst Keith Hughes lowered his price target on Lowe's to $120, saying that while the company's Q1 comps were better than expected, lower margins from "insufficient pricing visibility" made the earnings miss worse in highlighting the "disorganization" in the management's turnaround efforts. The analyst keeps his Buy rating on Lowe's, but acknowledges that the recovery will not be a "quick story", even though he is positive on the re-set of expectations and maintains that the 10% projected earnings growth this year still tops Home Depot's (HD) expected flat growth.
05/29/19
LEHM
05/29/19
NO CHANGE
Target $75
LEHM
Overweight
Barclays lowers targets on Best Buy, Lowe's, Target after analyst change
After assuming lead coverage, Barclays analyst Karen Short maintained Overweight ratings on Best Buy (BBY) Home Depot (HD) and Target (TGT) as well as an Equal Weight rating on Lowe's (LOW). The analyst also lowered her price target for Best Buy to $75 from $90, for Lowe's to $95 from $105, and for Target to $95 from $115.

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