As of close of business last night, Lowe’s Cos., Inc.’s stock clocked out at $244.45, down -1.94% from its previous closing price of $249.28. In other words, the price has decreased by -$4.83 from its previous closing price. On the day, 2818347 shares were traded. LOW stock price reached its highest trading level at $247.02 during the session, while it also had its lowest trading level at $243.48.
Ratios:
To gain a deeper understanding of LOW’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 113.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.65. For the most recent quarter (mrq), Quick Ratio is recorded 0.14 and its Current Ratio is at 1.23.
On March 19, 2024, Mizuho started tracking the stock assigning a Buy rating and target price of $280.
JP Morgan Upgraded its Neutral to Overweight on February 12, 2024, whereas the target price for the stock was revised from $210 to $265.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 07 ’24 when Sink Brandon J sold 6,227 shares for $242.01 per share. The transaction valued at 1,506,996 led to the insider holds 17,022 shares of the business.
Godbole Seemantini sold 27,292 shares of LOW for $6,559,330 on Mar 01 ’24. The EVP, Chief Information Officer now owns 21,246 shares after completing the transaction at $240.34 per share. On Aug 31 ’23, another insider, Dupre Janice, who serves as the EVP, Human Resources of the company, sold 5,380 shares for $231.28 each. As a result, the insider received 1,244,292 and left with 24,216 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LOW now has a Market Capitalization of 139.87B and an Enterprise Value of 179.09B. As of this moment, Lowe’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.56, and their Forward P/E ratio for the next fiscal year is 18.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62. Its current Enterprise Value per Revenue stands at 2.07 whereas that against EBITDA is 13.19.
Stock Price History:
Over the past 52 weeks, LOW has reached a high of $262.49, while it has fallen to a 52-week low of $181.85. The 50-Day Moving Average of the stock is 234.78, while the 200-Day Moving Average is calculated to be 219.66.
Shares Statistics:
It appears that LOW traded 2.60M shares on average per day over the past three months and 2.56M shares per day over the past ten days. A total of 574.00M shares are outstanding, with a floating share count of 571.65M. Insiders hold about 0.09% of the company’s shares, while institutions hold 75.81% stake in the company. Shares short for LOW as of Mar 15, 2024 were 8.41M with a Short Ratio of 3.24, compared to 7.99M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.47% and a Short% of Float of 1.47%.
Dividends & Splits
With its trailing 12-month dividend rate of 4.35, LOW has a forward annual dividend rate of 4.35. Against a Trailing Annual Dividend Yield of 1.75%, it implies a Forward Annual Dividend Yield of 1.80%. The stock’s 5-year Average Dividend Yield is 1.69. The current Payout Ratio is 32.97% for LOW, which recently paid a dividend on May 08, 2024 with an ex-dividend date of Apr 23, 2024. Stock splits for the company last occurred on Jul 03, 2006 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 28 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.93 for the current quarter, with a high estimate of $3 and a low estimate of $2.82, while EPS last year was $3.67. The consensus estimate for the next quarter is $4.17, with high estimates of $4.45 and low estimates of $3.93.
Analysts are recommending an EPS of between $12.83 and $11.13 for the fiscal current year, implying an average EPS of $12.18. EPS for the following year is $13.44, with 34 analysts recommending between $14.52 and $11.5.
Revenue Estimates
In the current quarter, 26 analysts expect revenue to total $21.1B. It ranges from a high estimate of $21.48B to a low estimate of $20.89B. As of the current estimate, Lowe’s Cos., Inc.’s year-ago sales were $21.6B, an estimated decrease of -2.30% from the year-ago figure.
A total of 33 analysts have provided revenue estimates for LOW’s current fiscal year. The highest revenue estimate was $86.15B, while the lowest revenue estimate was $82.17B, resulting in an average revenue estimate of $84.4B. In the same quarter a year ago, actual revenue was $86.38B, down -2.30% from the average estimate. Based on 32 analysts’ estimates, the company’s revenue will be $87.3B in the next fiscal year. The high estimate is $89.67B and the low estimate is $84.3B. The average revenue growth estimate for next year is up 3.40% from the average revenue estimate for this year.
