News articles about Lowe’s Companies (NYSE:LOW) have trended somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lowe’s Companies earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media coverage about the home improvement retailer an impact score of 46.9268631962479 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Lowe’s Hopes for a Hurricane-Force Tailwind (money.usnews.com)
- Lowe’s Cos., Inc. breached its 50 day moving average in a Bullish Manner : LOW-US : November 20, 2017 (finance.yahoo.com)
- Lowe’s Stock Is Fenced Into a Trading Range (finance.yahoo.com)
- Lowe’s, Salesforce, and turkey — What you need to know for the week ahead (finance.yahoo.com)
- What Home Depot’s Results Tell Me About Lowe’s – Seeking Alpha (seekingalpha.com)
A number of analysts recently weighed in on LOW shares. Zacks Investment Research upgraded Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $83.00 target price (down from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. BMO Capital Markets reiterated a “hold” rating and set a $82.00 target price on shares of Lowe’s Companies in a research report on Thursday, November 2nd. Longbow Research reiterated a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a research report on Monday, August 14th. Finally, Morgan Stanley decreased their target price on Lowe’s Companies from $88.00 to $81.00 and set an “overweight” rating on the stock in a research report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $85.62.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 earnings per share. research analysts predict that Lowe’s Companies will post 4.5 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 2.01%. Lowe’s Companies’s dividend payout ratio is presently 46.20%.
In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the sale, the senior vice president now directly owns 30,750 shares in the company, valued at $2,407,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the sale, the insider now owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. Corporate 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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