Headlines about Lowe’s Companies (NYSE:LOW) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lowe’s Companies earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned headlines about the home improvement retailer an impact score of 45.9479185609814 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- Lowe’s Groundbreaking Scheduled for Next Week in Yorktown (tapinto.net)
- Delaware Fire Company Sued For Third Time By Same Member (firelawblog.com)
- Lowe’s to hire 200 people in Houston and south Texas over weekend – Houston Business Journal (bizjournals.com)
- Lowe’s Companies, Inc. (LOW) Earns “Buy” Rating from Deutsche Bank AG (americanbankingnews.com)
Lowe’s Companies (NYSE LOW) traded down 0.78% during midday trading on Tuesday, reaching $81.10. The company has a market cap of $67.54 billion, a price-to-earnings ratio of 23.03 and a beta of 1.07. Lowe’s Companies has a one year low of $64.87 and a one year high of $86.25. The stock has a 50 day moving average price of $77.76 and a 200 day moving average price of $79.38.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 earnings per share. On average, equities analysts expect that Lowe’s Companies will post $4.50 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be paid a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.02%. Lowe’s Companies’s dividend payout ratio is presently 46.20%.
LOW has been the subject of a number of analyst reports. Gordon Haskett initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 target price for the company. Oppenheimer Holdings, Inc. set a $100.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. BMO Capital Markets reissued a “buy” rating and set a $89.00 target price on shares of Lowe’s Companies in a research note on Thursday, July 20th. Stifel Nicolaus reissued a “buy” rating and set a $87.00 target price on shares of Lowe’s Companies in a research note on Friday, July 21st. Finally, BTIG Research reissued a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $85.32.
In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now owns 8,400 shares of the company’s stock, valued at $655,368. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the transaction, the senior vice president now directly owns 30,750 shares in the company, valued at approximately $2,407,725. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
About Lowe’s Companies
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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