Lowe’s Cos., Inc. (NYSE: LOW) is 11.44% higher on its value in year-to-date trading and has touched a low of $181.85 and a high of $248.55 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 $243.48 in the last trading session, with the day’s gains setting it 4.54%.
Currently trading at $248.02, the stock is 3.79% and 9.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing 1.86% at the moment leaves the stock 14.18% off its SMA200. LOW registered 25.67% gain for a year compared to 6-month gain of 13.92%. The firm has a 50-day simple moving average (SMA 50) of $2.10 and a 200-day simple moving average (SMA200) of $13.45.
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The stock witnessed a 9.33% loss in the last 1 month and extending the period to 3 months gives it a 9.94%, and is 1.96% 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 1.67% over the week and 1.59% over the month.
Lowe’s Cos., Inc. (LOW) has around 307000 employees, a market worth around $142.64B and $86.38B in sales. Current P/E ratio is 18.84 and Fwd P/E is 18.43. Profit margin for the company is 8.92%. Distance from 52-week low is 36.39% and -0.21% from its 52-week high. The company has generated returns on investments over the last 12 months (32.01%).
Lowe’s Cos., Inc. quarterly earnings per share for the current quarter are estimated at $2.93 with sales reaching $21.1B over the same period.The EPS is expected to shrink by -6.97% this year, but quarterly earnings will post -2.30% year-over-year. Quarterly sales are estimated to shrink -2.30% in year-over-year returns.
Lowe’s Cos., Inc. (LOW) Top Institutional Holders
2,981 institutions hold shares in Lowe’s Cos., Inc. (LOW), with institutional investors hold 76.46% of the company’s shares. The shares outstanding are 575.11M, and float is at 574.58M with Short Float at 1.27%. Institutions hold 76.39% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 52.45 million shares valued at $11.84 billion. The investor’s holdings represent 9.09% of the LOW Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 41.44 million shares valued at $9.35 billion to account for 7.18% of the shares outstanding. The other top investors are State Street Corporation which holds 25.22 million shares representing 4.37% and valued at over $5.69 billion, while JP Morgan Chase & Company holds 4.13% of the shares totaling 23.83 million with a market value of $5.38 billion.
Lowe’s Cos., Inc. (LOW) Insider Activity
The most recent transaction is an insider sale by Sink Brandon J,the company’sEVP, Chief Financial Officer. SEC filings show that Sink Brandon J sold 6,227 shares of the company’s common stock on Mar 07 ’24 at a price of $242.01 per share for a total of $1.51 million. Following the sale, the insider now owns 17022.0 shares.
Lowe’s Cos., Inc. disclosed in a document filed with the SEC on Mar 01 ’24 that Godbole Seemantini (EVP, Chief Information Officer) sold a total of 27,292 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $240.34 per share for $6.56 million. Following the transaction, the insider now directly holds 21246.0 shares of the LOW stock.
Still, SEC filings show that on Aug 31 ’23, Dupre Janice (EVP, Human Resources) disposed off 5,380 shares at an average price of $231.28 for $1.24 million. The insider now directly holds 24,216 shares of Lowe’s Cos., Inc. (LOW).
