Lowe’s Cos. Sees Unusually High Options Volume (LOW)
Lowe’s Cos. (NYSE:LOW) saw some unusual options trading activity on Tuesday. Stock investors purchased 10,560 put options on the stock, Stock Ratings News reports. This is an increase of 495% compared to the typical daily volume of 1,774 put options.
A number of analysts have recently weighed in on LOW shares. Analysts at TheStreet reiterated a “buy” rating on shares of Lowe’s Cos. in a research note to investors on Sunday. Twelve analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.63.
Shares of Lowe’s Cos. (NYSE:LOW) traded up 0.25% during mid-day trading on Tuesday, hitting $48.38. 5,541,919 shares of the company’s stock traded hands. Lowe’s Cos. has a one year low of $34.65 and a one year high of $52.08. The stock has a 50-day moving average of $48.05 and a 200-day moving average of $46.73. The company has a market cap of $50.597 billion and a price-to-earnings ratio of 23.09.
Lowe’s Cos. (NYSE:LOW) last announced its earnings results on Wednesday, November 20th. The company reported $0.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.01. The company had revenue of $12.96 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter last year, the company posted $0.40 earnings per share. Lowe’s Cos.’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Lowe’s Cos. will post $2.17 earnings per share for the current fiscal year.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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