Lowe’s Cos. Hits New 52-Week High at $47.58 (LOW)
Shares of Lowe’s Cos. (NYSE:LOW) hit a new 52-week high during mid-day trading on Wednesday, AR Network reports. The stock traded as high as $47.58 and last traded at $47.16, with a volume of 2,975,489 shares trading hands. The stock had previously closed at $47.15.
LOW has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Lowe’s Cos. (NYSE:LOW) in a research note to investors on Tuesday, September 3rd. Separately, analysts at Argus raised their price target on shares of Lowe’s Cos. (NYSE:LOW) from $48.00 to $54.00 in a research note to investors on Tuesday, August 27th. They now have a “buy” rating on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of Lowe’s Cos. (NYSE:LOW) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 26th.
Twelve research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $45.16.
In other Lowe’s Cos. news, Insider Marshall Croom sold 23,334 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $46.70, for a total value of $1,089,697.80. Following the sale, the insider now directly owns 63,026 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Lowe’s Cos. has a 52 week low of $28.09 and a 52 week high of $47.51. The stock’s 50-day moving average is $45.36 and its 200-day moving average is $41.55. The company has a market cap of $49.665 billion and a P/E ratio of 24.14.
Lowe’s Cos. (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.09. The company had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.06 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Analysts expect that Lowe’s Cos. will post $2.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Monday, October 21st.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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