Lowe’s Companies (LOW) Receives Media Sentiment Score of 0.29
Press coverage about Lowe’s Companies (NYSE:LOW) has been trending positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lowe’s Companies earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned news articles about the home improvement retailer an impact score of 46.6889889415391 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Lowe’s Companies, Inc. (LOW) Earns “Buy” Rating from Longbow Research (americanbankingnews.com)
- Lowe’s Companies, Inc. (LOW) to Post FY2018 Earnings of $4.65 Per Share, Jefferies Group Forecasts (americanbankingnews.com)
- Lowe’s Companies, Inc. (NYSE:LOW) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Dynamic Capital Management Ltd Purchases 183205 Shares of Lowe’s Companies, Inc. (LOW) (expressnewsline.com)
- Stock Traders Purchase Large Volume of Lowe’s Companies Call Options (LOW) (wisdomsave.com)
A number of research analysts recently weighed in on the stock. Vetr downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price objective on the stock. in a research report on Monday, May 8th. BMO Capital Markets restated a “buy” rating and set a $89.00 price objective on shares of Lowe’s Companies in a research report on Friday, May 5th. Credit Suisse Group set a $94.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Zacks Investment Research downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Jefferies Group LLC increased their price objective on shares of Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, May 12th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $85.63.
Lowe’s Companies (NYSE LOW) traded up 0.60% during trading on Monday, reaching $77.72. 3,602,793 shares of the company traded hands. The company has a market capitalization of $65.61 billion, a P/E ratio of 24.37 and a beta of 1.08. The firm has a 50-day moving average price of $76.74 and a 200-day moving average price of $79.53. Lowe’s Companies has a 52 week low of $64.87 and a 52 week high of $86.25.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 EPS for the quarter, missing the consensus estimate of $1.06 by $0.03. The company had revenue of $16.86 billion during the quarter, compared to analysts’ expectations of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. Lowe’s Companies’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS. Analysts forecast that Lowe’s Companies will post $4.62 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Wednesday, July 26th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Monday, July 24th. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s payout ratio is presently 51.57%.
In related news, insider Richard D. Maltsbarger sold 11,672 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total value of $936,094.40. Following the completion of the sale, the insider now owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.
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About Lowe’s Companies
Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.
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