News articles about Lowe’s (NYSE:LOW) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lowe’s earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the home improvement retailer an impact score of 46.0477578924612 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
Shares of Lowe’s stock traded up $1.80 during trading hours on Thursday, reaching $83.28. 9,228,404 shares of the company were exchanged, compared to its average volume of 7,186,002. Lowe’s has a 1 year low of $70.76 and a 1 year high of $108.98. The company has a current ratio of 1.06, a quick ratio of 0.11 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $68,815.30, a P/E ratio of 18.97, a P/E/G ratio of 0.87 and a beta of 1.32.
Lowe’s (NYSE:LOW) last posted its earnings results on Wednesday, February 28th. The home improvement retailer reported $0.74 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.13). The business had revenue of $15.49 billion during the quarter, compared to analysts’ expectations of $15.34 billion. Lowe’s had a net margin of 5.02% and a return on equity of 65.17%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. sell-side analysts predict that Lowe’s will post 5.47 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Wednesday, April 25th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.97%. The ex-dividend date is Tuesday, April 24th. Lowe’s’s dividend payout ratio (DPR) is presently 37.36%.
Lowe’s declared that its board has approved a stock repurchase plan on Friday, January 26th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
A number of research analysts have commented on LOW shares. BMO Capital Markets restated a “hold” rating and set a $95.00 price target (up from $82.00) on shares of Lowe’s in a research note on Thursday, March 1st. Royal Bank of Canada decreased their price target on Lowe’s to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, March 1st. Credit Suisse Group set a $116.00 price target on Lowe’s and gave the stock a “buy” rating in a research note on Tuesday, January 16th. JPMorgan Chase restated a “neutral” rating and set a $100.00 price target on shares of Lowe’s in a research note on Tuesday, March 6th. Finally, SunTrust Banks upped their price target on Lowe’s from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Friday, March 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $98.49.
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.
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