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A Detailed Analysis Of Lowe’s Companies Inc. (LOW)

Lowe’s Companies Inc. (NYSE:LOW) has a beta value of 1.14 and has seen 0.66 million shares traded in the recent trading session. The company, currently valued at $132.15B, closed the recent trade at $212.08 per share which meant it lost -$2.39 on the day or -1.11% during that session. The LOW stock price is -24.16% off its 52-week high price of $263.31 and 19.78% above the 52-week low of $170.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.12 million shares traded. The 3-month trading volume is 3.77 million shares.

The consensus among analysts is that Lowe’s Companies Inc. (LOW) is an Overweight stock at the moment, with a recommendation rating of 2.20. 1 analysts rate the stock as a Sell, while 3 rate it as Overweight. 13 out of 32 have rated it as a Hold, with 15 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $3.08.

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Lowe’s Companies Inc. (NYSE:LOW) trade information

Sporting -1.11% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 11/22/22 when the LOW stock price touched $212.08 or saw a rise of 1.68%. Year-to-date, Lowe’s Companies Inc. shares have moved -17.03%, while the 5-day performance has seen it change 2.70%. Over the past 30 days, the shares of Lowe’s Companies Inc. (NYSE:LOW) have changed 14.32%. Short interest in the company has seen 10.9 million shares shorted with days to cover at 2.77.

Wall Street analysts have a consensus price target for the stock at $239.87, which means that the shares’ value could jump 11.59% from the levels at last check today. The projected low price target is $152.00 while the price target rests at a high of $300.00. In that case, then, we find that the latest price level in today’s session is -41.46% off the targeted high while a plunge would see the stock lose 28.33% from the levels at last check today.

Lowe’s Companies Inc. (LOW) estimates and forecasts

Figures show that Lowe’s Companies Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 16.17% over the past 6 months, with this year growth rate of 14.04%, compared to 21.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 12.80% and 23.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 0.70%.

23 analysts offering their estimates for the company have set an average revenue estimate of $23.11 billion for the current quarter. 23 have an estimated revenue figure of $22.6 billion for the next quarter concluding in Jan 2023.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 28.20% over the past 5 years. Earnings growth for 2022 is a modest 55.30% while over the next 5 years, the company’s earnings are expected to increase by 9.40%.

LOW Dividends

Lowe’s Companies Inc. is expected to release its next earnings report on November 16 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 4.20 at a share yield of 1.96%. The company’s dividend yield has gone up over the past 12 months.

Lowe’s Companies Inc. (NYSE:LOW)’s Major holders

Insiders own 0.09% of the company shares, while shares held by institutions stand at 78.87% with a share float percentage of 78.94%. Investors are also buoyed by the number of investors in a company, with Lowe’s Companies Inc. having a total of 2,706 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 56.57 million shares worth more than $9.88 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 9.11% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 45.89 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $8.02 billion and represent 7.39% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2022, the former fund manager holds about 3.09% shares in the company for having 19.2 million shares of worth $3.35 billion while later fund manager owns 14.63 million shares of worth $2.56 billion as of Jun 29, 2022, which makes it owner of about 2.36% of company’s outstanding stock.

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