Lowe’s Cos., Inc (NYSE: LOW) is 21.48% higher on its value in year-to-date trading and has touched a low of $196.23 and a high of $287.01 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 $272.32 in the last trading session, with the day’s loss setting it -1.97%.
Currently trading at $270.35, the stock is 0.57% and 1.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.25 million and changing -0.72% at the moment leaves the stock 11.91% off its SMA200. LOW registered 33.68% gain for a year compared to 6-month gain of 16.40%. The firm has a 50-day simple moving average (SMA 50) of $266.6684 and a 200-day simple moving average (SMA200) of $241.5834.
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The stock witnessed a -4.82% loss in the last 1 month and extending the period to 3 months gives it a 12.11%, and is 1.52% 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 1.66% over the week and 1.75% over the month.
Lowe’s Cos., Inc (LOW) has around 284000 employees, a market worth around $153.37B and $84.02B in sales. Current P/E ratio is 22.41 and Fwd P/E is 21.46. Profit margin for the company is 8.23%. Distance from 52-week low is 37.77% and -5.80% from its 52-week high. The company has generated returns on investments over the last 12 months (28.06%).
The EPS is expected to shrink by -9.75% this year
3104.0 institutions hold shares in Lowe’s Cos., Inc (LOW), with institutional investors hold 77.55% of the company’s shares. The shares outstanding are 574.00M, and float is at 566.72M with Short Float at 1.23%. Institutions hold 77.47% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 53.95 million shares valued at $11.89 billion. The investor’s holdings represent 9.4479 of the LOW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 38.43 million shares valued at $8.47 billion to account for 6.7296 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 24.96 million shares representing 4.3713 and valued at over $5.5 billion, while STATE STREET CORP holds 4.3 of the shares totaling 24.55 million with a market value of $5.41 billion.
Lowe’s Cos., Inc (LOW) Insider Activity
The most recent transaction is an insider sale by McFarland Joseph Michael, the company’s EVP, Stores. SEC filings show that McFarland Joseph Michael sold 4,000 shares of the company’s common stock on Oct 03 ’24 at a price of $270.74 per share for a total of $1.08 million. Following the sale, the insider now owns 54099.0 shares.
Lowe’s Cos., Inc disclosed in a document filed with the SEC on Oct 03 ’24 that Godbole Seemantini (EVP, Chief Information Officer) sold a total of 26,186 shares of the company’s common stock. The trade occurred on Oct 03 ’24 and was made at $271.73 per share for $7.12 million. Following the transaction, the insider now directly holds 30159.0 shares of the LOW stock.
Still, SEC filings show that on Oct 03 ’24, McFarland Joseph Michael (Officer) Proposed Sale 4,000 shares at an average price of $270.74 for $1.08 million. The insider now directly holds shares of Lowe’s Cos., Inc (LOW).
