Investors Purchase High Volume of Lowe's Companies Put Options (LOW)
Lowe's Companies (NYSE:LOW) saw unusually large options trading on Monday. Stock traders acquired 3,986 put options on the stock, American Banking News reports. This is an increase of approximately 124% compared to the average daily volume of 1,777 put options.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Lowe's Companies in a research note on Wednesday, May 14th. They now have a $45.00 price target on the stock, up previously from $44.00. Separately, analysts at Wall Street Renegade upgraded shares of Lowe's Companies from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. They now have a $60.00 price target on the stock, up previously from $50.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Lowe's Companies in a research note on Friday, March 14th. They now have a $51.00 price target on the stock. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.53.
Lowe's Companies (NYSE:LOW) traded up 0.42% during mid-day trading on Monday, hitting $45.55. The stock had a trading volume of 4,567,696 shares. Lowe's Companies has a 1-year low of $38.87 and a 1-year high of $52.08. The stock has a 50-day moving average of $46.74 and a 200-day moving average of $47.99. The company has a market cap of $46.405 billion and a price-to-earnings ratio of 21.20.
Lowe's Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.31 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.31. The company had revenue of $11.70 billion for the quarter, compared to the consensus estimate of $11.69 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that Lowe's Companies will post $2.62 EPS for the current fiscal year.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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