As of Thursday close, Lowe’s Companies Inc.’s (NYSE:LOW) stock was down -$2.77, moving down -1.21 percent to $226.72. The average number of shares traded per day over the past five days has been 2,229,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$8.18 fall in that time frame. In the last twenty days, the average volume was 2,097,510, while in the previous 50 days, it was 2,768,894.
Since last month, LOW stock rose 0.55%. Shares of the company fell to $220.73 on 07/07/23, the lowest level in the past month. A 52-week high of $237.21 was reached on 07/27/23 after having rallying from a 52-week low of $176.50. Since the beginning of this year, LOW’s stock price has risen by 13.79% or $27.48, and marked a new high 18 times. However, the stock has declined by -4.42% since its 52-week high.
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LOW stock investors should be aware that Lowe’s Companies Inc. (LOW) stock had its last reported insider trading activity 70 days ago on May 26. Frieson Donald, the EVP, Supply Chain of the company, disposed of 13,114 shares for $203.45 on May 26. It resulted in a $2,668,016 divestment by the insider. Boltz William P sold 36,341 shares at an average price of $203.00 on May 25. The insider now owns 24,005 shares following the transaction. On May 25, EVP, Chief Information Officer Godbole Seemantini sold 17,634 shares at $202.05 apiece. The transaction was valued at $3,563,006.
Valuation Metrics
Right now, Lowe’s Companies Inc. (LOW) has a P/E ratio of about 22.07. The stock’s beta is 1.08.
The latest dividend of $1.10 per share was paid out, which is 4.76% more than last year’s $1.05. On Friday May 26 2023, a $0.05 dividend increase was announced.
Financial Health
In the three months ended April 29, Lowe’s Companies Inc.’s quick ratio stood at 0.20, while its current ratio was 1.20, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 33.10% percent. In the year ended April 29, EBITDA margin amounted to 13.05%, whereas operating margins totaled 10.60%. Based on annual data, LOW earned $32.26 billion in gross profit and brought in $97.06 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 38.40%. Return on equity (ROE) for the past 12 months was -50.50%.
In Lowe’s Companies Inc.’s quarter-end financial report for April 29, it reported total debt of $35.86 billion against cash and short-term investments of $423.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LOW’s revenue fell -5.87% to $22.45 billion during the quarter, while net income inched up to $22.35 billion. While analysts expected Lowe’s Companies Inc. to report $3.44 quarterly earnings, the actual figure was $3.67 per share, beating the consensus estimate by 6.70%. During the quarter, the company generated $3.75 billion in EBITDA. The liabilities of Lowe’s Companies Inc. were 60.63 billion at the end of its most recent quarter ended April 29, and its total debt was $40.6 billion. The value of shareholders’ equity is $585.98 million.
Technical Picture
This quick technical analysis looks at Lowe’s Companies Inc.’s (LOW) price momentum. With a historical volatility rate of 25.39%, the RSI 9-day stood at 35.24% on 03 August.
With respect to its five-day moving average, the current Lowe’s Companies Inc. price is down by -3.48% percent or -$8.18. At present, LOW shares trade +2.39% above its 20-day simple moving average and +15.29% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.60% above its SMA50 and +19.98% above its SMA200.
Stochastic coefficient K was 27.87% and Stochastic coefficient D was 49.46%, while ATR was 3.17. Given the Stochastic reading of 1.60% for the 14-day period, the RSI (14) reading has been calculated as 47.02%. As of today, the MACD Oscillator reading stands at -3.24, while the 14-day reading stands at -2.51.
Analyst Ratings
Telsey Advisory Group reiterated its an Outperform rating on Lowe’s Companies Inc. (NYSE: LOW) in a note to investors. The analysts firm has however raised their price target to $225, representing a possible 3.52% increase in the stock price. Lowe’s Companies Inc. (LOW) has been rated Overweight by analysts. According to 1 brokerage firm, LOW is a sell, and 15 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Lowe’s Companies Inc. stock as buy, with 16 recommending it as overweight.
With a median target price of $237.00, the current consensus forecast for the stock is $154.00 – $290.00. Based on these forecasts, analysts predict Lowe’s Companies Inc. (LOW) will achieve an average price target of $237.21.
