Lowe’s Cos., Inc (NYSE: LOW) is 17.90% higher on its value in year-to-date trading and has touched a low of $206.08 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 $263.50 in the last trading session, with the day’s loss setting it -1.11%.
Currently trading at $262.39, the stock is -2.62% and -3.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.93 million and changing -0.42% at the moment leaves the stock 6.74% off its SMA200. LOW registered 21.79% gain for a year compared to 6-month gain of 17.48%. The firm has a 50-day simple moving average (SMA 50) of $270.579 and a 200-day simple moving average (SMA200) of $245.82785.
The stock witnessed a -3.65% loss in the last 1 month and extending the period to 3 months gives it a 2.24%, and is -4.04% down 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 1.97% over the week and 1.75% over the month.
Lowe’s Cos., Inc (LOW) has around 284000 employees, a market worth around $147.53B and $83.72B in sales. Current P/E ratio is 21.89 and Fwd P/E is 21.03. Profit margin for the company is 8.16%. Distance from 52-week low is 27.32% and -8.58% from its 52-week high. The company has generated returns on investments over the last 12 months (29.43%).
with sales reaching $18.21B over the same period.The EPS is expected to shrink by -9.18% this year, but quarterly earnings will post -3.53% year-over-year. Quarterly sales are estimated to shrink -2.13% in year-over-year returns.
Lowe’s Cos., Inc (LOW) Top Institutional Holders
3105.0 institutions hold shares in Lowe’s Cos., Inc (LOW), with institutional investors hold 77.48% of the company’s shares. The shares outstanding are 565.00M, and float is at 563.61M with Short Float at 1.12%. Institutions hold 77.40% 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 Vance Quonta D, the company’s EVP, Pro & Home Services. SEC filings show that Vance Quonta D sold 7,198 shares of the company’s common stock on Nov 27 ’24 at a price of $274.37 per share for a total of $1.97 million. Following the sale, the insider now owns 16703.0 shares.
Still, SEC filings show that on Oct 03 ’24, McFarland Joseph Michael (EVP, Stores) disposed off 4,000 shares at an average price of $270.74 for $1.08 million. The insider now directly holds 54,099 shares of Lowe’s Cos., Inc (LOW).
