Lowe’s Companies Inc. (NYSE: LOW) is 20.70% higher on its value in year-to-date trading and has touched a low of $79.25 and a high of $192.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LOW stock was last observed hovering at around $191.32 in the last trading session, with the day’s gains setting it 2.41% off its average median price target of $200.00 for the next 12 months. It is also 9.89% off the consensus price target high of $215.00 offered by 34 analysts, but current levels are -16.7% lower than the price target low of $166.00 for the same period.
Currently trading at $193.73, the stock is 8.95% and 11.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.5 million and changing 1.26% at the moment leaves the stock 20.16% off its SMA200. LOW registered 133.80% gain for a year compared to 6-month loss of 15.89%. The firm has a 50-day simple moving average (SMA 50) of $173.36 and a 200-day simple moving average (SMA200) of $166.69.
The stock witnessed a 25.99% gain in the last 1 month and extending the period to 3 months gives it a 20.70%, and is 1.11% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.91% over the week and 2.45% over the month.
Lowe’s Companies Inc. (LOW) has around 220000 employees, a market worth around $138.13B and $89.60B in sales. Current P/E ratio is 25.04 and Fwd P/E is 17.62. Profit margin for the company is 6.50%. Distance from 52-week low is 144.45% and 0.43% from its 52-week high. The company has generated returns on investments over the last 12 months (28.80%).
Lowe’s Companies Inc. (LOW) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Lowe’s Companies Inc. (LOW) is a “Overweight”. 34 analysts offering their recommendations for the stock have an average rating of 1.90, where 8 rate it as a Hold and 2 think it is a “Overweight”. 23 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Lowe’s Companies Inc. is expected to release its quarterly report on 05/19/2021 and quarterly earnings per share for the current quarter are estimated at $2.47 with sales reaching $22.93B over the same period.The EPS is expected to grow by 41.20% this year, but quarterly earnings will post -2.80% year-over-year. Quarterly sales are estimated to grow 25.20% in year-over-year returns.
Lowe’s Companies Inc. (LOW) Top Institutional Holders
2,509 institutions hold shares in Lowe’s Companies Inc. (LOW), with 430.35k shares held by insiders accounting for 0.06% while institutional investors hold 78.67% of the company’s shares. The shares outstanding are 733.00M, and float is at 709.95M with Short Float at 1.28%. Institutions hold 78.62% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 61.61 million shares valued at $9.89 billion. The investor’s holdings represent 8.59% of the LOW Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 54.31 million shares valued at $8.72 billion to account for 7.57% of the shares outstanding. The other top investors are State Street Corporation which holds 31.93 million shares representing 4.45% and valued at over $5.12 billion, while FMR, LLC holds 4.23% of the shares totaling 30.35 million with a market value of $4.87 billion.
Lowe’s Companies Inc. (LOW) Insider Activity
A total of 4 insider transactions have happened at Lowe’s Companies Inc. (LOW) in the last six months, with sales accounting for 1 and purchases happening 3 times. The most recent transaction is an insider purchase by BATCHELDER DAVID H ,the company’sDirector. SEC filings show that BATCHELDER DAVID H bought 6,250 shares of the company’s common stock on Feb 26 at a price of $159.48 per share for a total of $1.0 million. Following the purchase, the insider now owns 28250.0 shares.
Lowe’s Companies Inc. disclosed in a document filed with the SEC on Aug 26 that MCCANLESS ROSS W (EVP, GC & Corp. Sec.) sold a total of 62,838 shares of the company’s common stock. The trade occurred on Aug 26 and was made at $168.33 per share for $10.58 million. Following the transaction, the insider now directly holds 36579.0 shares of the LOW stock.
Lowe’s Companies Inc. (LOW): Who are the competitors?
The company’s main competitors (and peers) include Lumber Liquidators Holdings Inc. (LL) that is trading 533.98% up over the past 12 months and The Home Depot Inc. (HD) that is 73.96% higher over the same period. Short interest in the company’s stock has risen 1.43% from the last report on Feb 11, 2021 to stand at a total of 8.99 million short shares sold with a short interest ratio of 1.96.