A share price of Lowe’s Cos., Inc. [LOW] is currently trading at $247.41, up 1.71%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LOW shares have gain 2.61% over the last week, with a monthly amount glided 7.64%, and seem to be holding up well over a long-time horizon.
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On 13, March 2024, Lowe’s Foundation Awards Over $6 Million in Gable Grants to Innovative Community-Based Nonprofits to Shore Up America’s Skilled Trades Workforce. In a post published today on Yahoo Finance, Foundation plans to recruit, train and prepare 50,000 job-ready tradespeople.
From an analyst’s perspective:
Lowe’s Cos., Inc. [NYSE: LOW] stock has seen the most recent analyst activity on February 12, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $265 from $210. Previously, Oppenheimer downgraded its rating to Perform on January 22, 2024. On December 20, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $240 on the stock. Telsey Advisory Group reiterated its Market Perform rating and decreased its price target to $215 on November 22, 2023. RBC Capital Mkts initiated its recommendation with a Sector Perform and recommended $194 as its price target on November 07, 2023. HSBC Securities started tracking with a Hold rating for this stock on September 22, 2023, and assigned it a price target of $250. In a note dated September 07, 2023, Stifel initiated an Buy rating and provided a target price of $270 on this stock.
Lowe’s Cos., Inc. experienced fluctuations in its stock price throughout the past year between $181.85 and $245.29. Currently, Wall Street analysts expect the stock to reach $244.17 within the next 12 months. Lowe’s Cos., Inc. [NYSE: LOW] shares were valued at $247.41 at the most recent close of the market. An investor can expect a potential drop of -1.31% based on the average LOW price forecast.
Analyzing the LOW fundamentals
Trailing Twelve Months sales for Lowe’s Cos., Inc. [NYSE:LOW] were 86.38B which represents -17.12% decline. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is -0.52 and Total Capital is 0.44. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 244.92 points at the first support level, and at 242.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 249.23, and for the 2nd resistance point, it is at 251.04.
Lowe’s Cos., Inc. [LOW] reported earnings per share of $1.77 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.68/share, meaning a difference of $0.09 and a surprise factor of 5.40%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $3.06 per share as compared to estimates of $3.03 per share, a difference of $0.03 representing a surprise of 1.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Lowe’s Cos., Inc. [NYSE:LOW] is 1.23. As well, the Quick Ratio is 0.14, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.65 and price to earnings (TTM) ratio is 18.79.
Transactions by insiders
Recent insider trading involved Sink Brandon J, EVP, Chief Financial Officer, that happened on Mar 07 ’24 when 6227.0 shares were sold. EVP, Chief Information Officer, Godbole Seemantini completed a deal on Mar 01 ’24 to sell 27292.0 shares. Meanwhile, EVP, Human Resources Dupre Janice sold 5380.0 shares on Aug 31 ’23.
