Somewhat Positive News Coverage Somewhat Unlikely to Impact Lowe’s Companies (NYSE:LOW) Share Price
News articles about Lowe’s Companies (NYSE:LOW) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Lowe’s Companies earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the home improvement retailer an impact score of 45.878225441468 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Analysts Expect Lowe’s Companies, Inc. (NYSE:LOW) Will Announce Earnings of $1.62 Per Share (americanbankingnews.com)
- Lowe’s cuts some store-based delivery jobs (bizjournals.com)
- Lowe’s Launches Aspirational Scott Living Furniture Collections (thebaynet.com)
- China realises N Korea is becoming greater threat (ismboard.com)
- Lowe’s Companies, Inc. (LOW) Shares Bought by Mason Street Advisors LLC (techkenyot.com)
LOW has been the topic of a number of recent analyst reports. Vetr downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price target on the stock. in a report on Monday, May 8th. Jefferies Group LLC increased their price target on shares of Lowe’s Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a report on Friday, May 12th. Credit Suisse Group set a $94.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, May 24th. Finally, Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Tuesday, April 18th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company’s stock. Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $85.39.
Shares of Lowe’s Companies (NYSE:LOW) traded up 1.46% on Wednesday, hitting $78.34. 3,508,362 shares of the stock traded hands. The firm has a 50 day moving average price of $77.18 and a 200 day moving average price of $79.23. The firm has a market cap of $66.14 billion, a PE ratio of 24.57 and a beta of 1.08. Lowe’s Companies has a 52-week low of $64.87 and a 52-week high of $86.25. Lowe’s Companies also was the recipient of some unusual options trading on Monday. Traders purchased 6,466 put options on the stock. This represents an increase of approximately 538% compared to the average volume of 1,014 put options.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.03. The firm had revenue of $16.86 billion during the quarter, compared to analysts’ expectations of $16.99 billion. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. Lowe’s Companies’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. On average, equities analysts forecast that Lowe’s Companies will post $4.62 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Wednesday, July 26th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Monday, July 24th. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s payout ratio is currently 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 stock was sold at an average price of $80.20, for a total transaction of $936,094.40. Following the completion of the transaction, the insider now directly owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.11% of the company’s stock.
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Lowe’s Companies Company Profile
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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