At the time of writing, Lowe’s Cos., Inc. [LOW] stock is trading at $254.00, down -1.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The LOW shares have gain 4.32% over the last week, with a monthly amount glided 9.22%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 22, March 2024, LOWE’S COMPANIES, INC. DECLARES CASH DIVIDEND. In a post published today on Yahoo Finance, The board of directors of Lowe’s Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of one dollar and 10 cents ($1.10) per share, payable May 8, 2024, to shareholders of record as of April 24, 2024.
From an analyst’s perspective:
Lowe’s Cos., Inc. [NYSE: LOW] stock has seen the most recent analyst activity on March 19, 2024, when Mizuho initiated its Buy rating and assigned the stock a price target of $280. Previously, JP Morgan upgraded its rating to Overweight on February 12, 2024, and elevated its price target to $265. On January 22, 2024, downgrade downgraded it’s rating to Perform. Stifel downgraded its rating to a Hold and increased its price target to $240 on December 20, 2023. Telsey Advisory Group reiterated its recommendation of a Market Perform and reduced its price target to $215 on November 22, 2023. RBC Capital Mkts started tracking with a Sector Perform rating for this stock on November 07, 2023, and assigned it a price target of $194. In a note dated September 22, 2023, HSBC Securities initiated an Hold rating and provided a target price of $250 on this stock.
For the past year, the stock price of Lowe’s Cos., Inc. fluctuated between $181.85 and $262.49. 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 $254.00 at the most recent close of the market. An investor can expect a potential drop of -3.87% based on the average LOW price forecast.
Analyzing the LOW fundamentals
According to Lowe’s Cos., Inc. [NYSE:LOW], the company’s sales were 86.38B for trailing twelve months, which represents an -17.12% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 252.00 points at the first support level, and at 250.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 257.73, and for the 2nd resistance point, it is at 261.46.
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
It is important to note that Lowe’s Cos., Inc. [NYSE:LOW] has a current ratio of 1.23. On the other hand, the Quick Ratio is 0.14, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.69 and price to earnings (TTM) ratio is 19.29.
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.
