Currently, there are 575.11M common shares owned by the public and among those 574.58M shares have been available to trade.
Insiders at the company have transacted a total of 42 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 378,774 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 241,898 shares.
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However, the script later moved the day high at 239.49, up 1.76%. The company’s stock has a 5-day price change of 4.38% and 18.24% over the past three months. LOW shares are trading 5.77% year to date (YTD), with the 12-month market performance up to 16.80% higher. It has a 12-month low price of $181.85 and touched a high of $237.21 over the same period. LOW has an average intraday trading volume of 2.84 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.45%, 6.67%, and 9.80% respectively.
Institutional ownership of Lowe’s Cos., Inc. (NYSE: LOW) shares accounts for 75.41% of the company’s 575.11M shares outstanding.
It has a market capitalization of $135.38B and a beta (3y monthly) value of 1.11. The stock’s trailing 12-month PE ratio is 17.88, while the earnings-per-share (ttm) stands at $13.17. The company has a PEG of 3.80 and a Quick Ratio of 0.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.87% over the week and 2.02% over the month.
Earnings per share for the fiscal year are expected to decrease by -4.28%, and 9.35% over the next financial year. EPS should shrink at an annualized rate of 4.70% over the next five years, compared to 35.96% over the past 5-year period.
Looking at the support for the LOW, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on February 12, 2024, with the firm’s price target at $210-$265. Stifel was of a view on December 20, 2023 that the stock is Hold, while Telsey Advisory Group gave the stock Market Perform rating on November 22, 2023, issuing a price target of $225- $215. RBC Capital Mkts on their part issued Sector Perform rating on November 07, 2023.
