Lowe’s Cos., Inc. (LOW) concluded trading on Thursday at a closing price of $261.00, with 3.39 million shares of worth about $884.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.45% during that period and on March 21, 2024 the price saw a gain of about 3.59%. Currently the company’s common shares owned by public are about 575.11M shares, out of which, 574.58M shares are available for trading.
However, the stock later moved at a day high price of 261.34, or with a gain of 3.59%. Stock saw a price change of 6.69% in past 5 days and over the past one month there was a price change of 14.58%. Year-to-date (YTD), LOW shares are showing a performance of 17.28% which increased to 32.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $181.85 but also hit the highest price of $252.42 during that period. The average intraday trading volume for Lowe’s Cos., Inc. shares is 2.54 million. The stock is currently trading 8.16% above its 20-day simple moving average (SMA20), while that difference is up 14.29% for SMA50 and it goes to 19.91% higher than SMA200.
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Lowe’s Cos., Inc. (NYSE: LOW) currently have 575.11M outstanding shares and institutions hold larger chunk of about 75.47% of that.
The stock has a current market capitalization of $150.10B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 19.82, while it has posted earnings per share of $13.17 in the same period. Its PEG reads 3.81 and has Quick Ratio of 0.14. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LOW, volatility over the week remained 1.94% while standing at 1.68% over the month.
Analysts are in expectations that Lowe’s Cos., Inc. (LOW) stock would likely to be making an EPS of $2.93 in the current quarter, while forecast for next quarter EPS is $4.17 and it is $13.46 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.82 which is $3 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.67 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -7.09% while it is estimated to increase by 10.45% in next year. EPS is likely to shrink at an annualized rate of 5.20% for next 5-years, compared to annual growth of 35.96% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on March 19, 2024 offering a Buy rating for the stock and assigned a target price of $280 to it. Coverage by JP Morgan stated Lowe’s Cos., Inc. (LOW) stock as an Overweight in their note to investors on February 12, 2024, suggesting a price target of $265 for the stock. On January 22, 2024, Oppenheimer Downgrade their recommendations, while on December 20, 2023, Stifel Downgrade their ratings for the stock with a price target of $240. Stock get a Market perform rating from Telsey Advisory Group on November 22, 2023.
