Lowe’s Cos., Inc. (NYSE: LOW) has a higher price-to-earnings ratio of 18.93x compared to its average ratio, The 36-month beta value for LOW is at 1.12. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 8 rating it as “overweight,” 13 as “hold,” and 0 as “sell.”
The public float for LOW is 571.65M, and currently, shorts hold a 1.47% of that float. The average trading volume for LOW on April 02, 2024 was 2.61M shares.
LOW) stock’s latest price update
The stock price of Lowe’s Cos., Inc. (NYSE: LOW) has plunged by -2.14 when compared to previous closing price of 254.73, but the company has seen a -3.57% decline in its stock price over the last five trading sessions. PYMNTS reported 2024-04-01 that DoorDash has entered the home improvement category with a new partnership with Lowe’s. The on-demand delivery aggregator now offers gardening tools, spring cleaning essentials, do-it-yourself supplies and other products from more than 1,700 of the home improvement retailer’s stores nationwide, DoorDash said in a Monday (April 1) press release.
LOW’s Market Performance
Lowe’s Cos., Inc. (LOW) has experienced a -3.57% fall in stock performance for the past week, with a 3.58% rise in the past month, and a 11.83% rise in the past quarter. The volatility ratio for the week is 1.81%, and the volatility levels for the past 30 days are at 1.67% for LOW. The simple moving average for the last 20 days is 0.72% for LOW stock, with a simple moving average of 13.81% for the last 200 days.
Analysts’ Opinion of LOW
Many brokerage firms have already submitted their reports for LOW stocks, with DA Davidson repeating the rating for LOW by listing it as a “Neutral.” The predicted price for LOW in the upcoming period, according to DA Davidson is $270 based on the research report published on March 27, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see LOW reach a price target of $280. The rating they have provided for LOW stocks is “Buy” according to the report published on March 19th, 2024.
JP Morgan gave a rating of “Overweight” to LOW, setting the target price at $265 in the report published on February 12th of the current year.
LOW Trading at 7.11% from the 50-Day Moving Average
After a stumble in the market that brought LOW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.03% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares surge +1.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.23% upper at present.
During the last 5 trading sessions, LOW fell by -3.57%, which changed the moving average for the period of 200-days by +14.69% in comparison to the 20-day moving average, which settled at $247.72. In addition, Lowe’s Cos., Inc. saw 12.01% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LOW starting from Sink Brandon J, who sale 6,227 shares at the price of $242.01 back on Mar 07 ’24. After this action, Sink Brandon J now owns 17,022 shares of Lowe’s Cos., Inc., valued at $1,506,996 using the latest closing price.
Godbole Seemantini, the EVP, Chief Information Officer of Lowe’s Cos., Inc., sale 27,292 shares at $240.34 during a trade that took place back on Mar 01 ’24, which means that Godbole Seemantini is holding 21,246 shares at $6,559,330 based on the most recent closing price.
Stock Fundamentals for LOW
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.33 for the gross margin
The net margin for Lowe’s Cos., Inc. stands at 0.09. The total capital return value is set at 0.42.
Based on Lowe’s Cos., Inc. (LOW), the company’s capital structure generated 1.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at -2.39. The interest coverage ratio of the stock is 7.92.
Currently, EBITDA for the company is 13.46 billion with net debt to EBITDA at 2.89. When we switch over and look at the enterprise to sales, we see a ratio of 2.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
In conclusion, Lowe’s Cos., Inc. (LOW) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
