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Lowe’s Companies (NYSE: LOW – Get Rating) will report results before the market opens on Wednesday, Nov. 16. Analysts expect the company to report earnings of $3.10 per share for the quarter. Lowe’s Companies has set FY23 guidance at an EPS of $13.10 to $13.60 and FY2022 guidance at an EPS of $13.10 to $13.60.
Lowe’s Companies (NYSE: LOW – Get Rating) last reported quarterly earnings data on Wednesday, Aug. 17. The home improvement retailer posted his earnings per share of $4.67 for the quarter, $0.04 above consensus expectations of his $4.63. Lowe’s Companies had a return on equity of 155.26% and a net profit margin of 8.83%. The company posted revenue of $27.48 billion for the quarter, compared with analysts’ forecast of $28.16 billion. In the year-ago quarter, the company earned $4.25 per share. Lowe’s Companies fourth quarter revenue decreased 0.3% compared to the same period last year. On average, analysts expect Lowe’s Companies to report EPS of $14 in the current fiscal year and $14 in the next fiscal year.
Lowe’s Companies stock performance
LOW shares climbed $15.04 in intraday trading on Thursday to reach $201.67. The company’s stock recorded a trading volume of 47,082 shares against his average trading volume of 3,630,481 shares. Lowe’s Companies has a one-year low of $170.12 and a one-year high of $263.31. The company has a market cap of $125.18 billion, a PE ratio of 15.89, a P/E ratio of 1.05, and a beta of 1.15. The stock has a 50-day moving average of $192.30 and a 200-day moving average of $192.08.
Loews Companies Announces Dividend
The company recently announced a quarterly dividend paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 19 were awarded a dividend of $1.05. The ex-dividend date for this dividend was Tuesday, October 18. This represents his $4.20 dividend and his 2.08% dividend yield on an annualized basis. Lowe’s Companies has a dividend payout ratio of 33.10%.
Analyst Rating Change
LOW has been the subject of many recent research reports. TheStreet upgraded Lowe’s Companies from a ‘c+’ rating to a ‘b’ rating in its research notes on Monday, August 29. MKM Partners lowered its price target for Lowe’s Companies to $205.00 from $220.00 in its research notes on Wednesday. Piper Sandler raised his price target for Lowe’s Companies to $248.00 in a research note on Monday, August 22nd. Wells Fargo & Company increased its price target for Lowe’s Companies from $220.00 to $245.00 in its research notes on Wednesday, August 17th. Finally, BNP Paribas lowered its rating on Lowe’s Companies from ‘neutral’ to ‘underperforming’ and set a price target on the company at $159.00. In a research note on Wednesday, October 19th. Three investment analysts gave the stock a sell rating, seven gave a hold rating, and 15 gave a buy rating. According to MarketBeat, the company’s current average valuation is “Hold” with a consensus target price of $232.00.
Insider Trading at Lowe’s Companies
In separate news, EVP Seamantini Godball sold 11,761 shares in the Friday, August 19th transaction. The shares were sold at an average price of $214.37 and the total transaction value he was $2,521,205.57. After the sale, the executive vice president now owns his 26,575 shares in the company, worth $5,696,882.75 to him. The sale is disclosed in documents filed with the Securities and Exchange Commission and available on his website at the SEC. A company insider owns his 0.24% of the company’s shares.
Hedge funds join forces with Lowe’s firm
Several hedge funds have increased or decreased their stakes in LOW recently. Golden State Equity Partners increased his holding of Lowe’s Companies by 9.7% in the first quarter. Golden State Equity Partners now owns 2,703 shares of the home improvement retailer worth $547,000 after purchasing an additional 240 shares last quarter. qPULA Trading Management LP purchased approximately $530,000 worth of new positions in Lowe’s Companies in the first quarter. Mother Group LLC. increased his position in Lowe’s Companies stock by 2.8% in the first quarter. Mother Group LLC. After purchasing an additional 52 shares during the period, he now owns 1,939 shares of home improvement retailer stock worth $392,000. Walleye Capital LLC acquired a new stake in Lowe’s Companies worth approximately $319,000 in the second quarter. Finally, Axiom Financial Strategies LLC increased its stock position in Lowe’s Companies by 9.8% in the first quarter. Axiom Financial Strategies LLC owns 1,381 shares of home improvement stock valued at $275,000 after purchasing an additional 123 shares during this period. Institutional investors own 74.04% of the company’s shares.
About Loews Companies
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Lowe’s Companies, Inc., along with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers product lines for construction, maintenance, repair, refurbishment and decoration. We offer home improvement products such as Appliances, Seasonal & Outdoor Living, Lawn & Garden, Lumber, Kitchen & Bath, Tools, Paints, Woodwork, Hardware, Flooring, Rough Plumbing, Building Materials, Decorative, Lighting, Electrical and more. .
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