The stock of Lowe’s Companies Inc. (NYSE:LOW) decreased by -$2.05 on Tuesday to $223.84, down -0.91 percent. The last five days have seen an average of 1,973,479 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $24.32. The average number of shares traded over the last 20 days was 2,091,810, while the average volume over the last 50 days totaled 2,548,956.
LOW stock dropped -1.81% since last month. On 08/08/23, the company’s shares reached a one-month low of $217.42. The stock touched a high of $237.21 on 07/27/23, after rallying from a low of $176.50 in 52 weeks. The price of LOW stock has risen by 12.34% or $24.32 this year, reaching a new high 18 times. Still, the stock price is down -5.64% from the 52-week high.
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Insider Transactions
LOW stock investors should be aware that Lowe’s Companies Inc. (LOW) stock had its last reported insider trading activity 81 days ago on May 26. On May 26, EVP, Supply Chain Frieson Donald sold 13,114 shares at $203.45 each. This transaction resulted in the insider making $2,668,016. On May 25, Boltz William P sold 36,341 shares at a price of US$203.00. After the transaction, the insider now owns 24,005 shares. EVP, Chief Information Officer Godbole Seemantini had earlier sold 17,634 shares on May 25 for $202.05 a share. The transaction was completed for $3,563,006.
Valuation Metrics
Lowe’s Companies Inc. (LOW) has a trailing price-to-earnings (P/E) ratio of 21.78. Beta for the stock is 1.08. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.35, and the price-to-cash flow ratio of 22.13.
Company paid $1.10 per share in dividends, an increase of 4.76% from $1.05 last year. A $0.05 dividend increase was reported on Friday May 26 2023.
Financial Health
For the three months ended April 29, Lowe’s Companies Inc.’s quick ratio was 0.20, while its current ratio was 1.20, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 33.10% percent. Lowe’s Companies Inc.’s EBITDA margin for the year ended April 29 was 15.63%, whereas its operating margin stood at 10.60% for the same period. Based on annual data, it had gross profit of $32.26 billion and revenue of $97.06 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LOW’s return on assets (ROA) during the last 12 months has been 13.80%. There was a 38.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -50.50%.
Earnings Surprise
According to Lowe’s Companies Inc.’s quarterly financial report for the quarter that ended April 29, it had $35.86 billion in total debt versus $423.0 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $22.35 billion, while revenues fell by -5.87% to $22.45 billion. It was predicted that Lowe’s Companies Inc.’s quarterly earnings would be $3.67, but it ended up being $3.44, beating the consensus by 6.70%. EBITDA was $3.75 billion for the quarter. At the end of Lowe’s Companies Inc.’s most recent quarter ended April 29, its liabilities totaled 60.63 billion, while its total debt was $40.6 billion. Equity owned by shareholders amounts to $585.98 million.
Technical Picture
Here’s a quick look at Lowe’s Companies Inc.’s (LOW) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 42.49%, suggesting the stock is Neutral, with a 19.49% historical volatility rate.
The stochastic %K and %D were 35.18% and 28.64% respectively, while the average true range (ATR) was 3.51. Based on the 14-day stochastic reading of 31.03%, the RSI (14) reading is 45.57%. On the 9-day MACD Oscillator, the stock is at 1.30, and the 14-day reading is at -2.32.
Analyst Ratings
Lowe’s Companies Inc. (NYSE: LOW) was downgraded by Telsey Advisory Group to a a Market perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Lowe’s Companies Inc. (LOW) an Overweight rating. LOW is a stock that is recommended for selling by 1 brokerage firm, while 15 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 16 others recommend it as a buy.
What is LOW’s price target for the next 12 months?
The current consensus forecast for the stock is between $154.00 and $290.00, with a median target price of $238.50. In analyzing these forecasts, the average price target given by analysts for Lowe’s Companies Inc. (LOW) is $238.72.
