Lowe's Companies (LOW) Receiving Somewhat Favorable Press Coverage, Report Finds

Media headlines about Lowe's Companies (NYSE:LOW) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lowe's Companies earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news headlines about the home improvement retailer an impact score of 46.6449901104855 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

A number of research firms have recently commented on LOW. Stifel Nicolaus reaffirmed a “buy” rating and set a $103.00 price objective on shares of Lowe's Companies in a research note on Friday, December 22nd. Barclays raised shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. Sanford C. Bernstein raised shares of Lowe's Companies from an “underperform” rating to an “outperform” rating in a research note on Monday, January 22nd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $82.00 price objective on shares of Lowe's Companies in a research note on Friday, November 24th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $110.00 price objective on shares of Lowe's Companies in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $96.35.

Shares of Lowe's Companies (NYSE:LOW) traded down $0.85 during trading hours on Thursday, reaching $96.09. 1,827,752 shares of the company’s stock traded hands, compared to its average volume of 6,500,000. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. Lowe's Companies has a one year low of $70.76 and a one year high of $108.98. The firm has a market capitalization of $79,630.00, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 0.90 and a beta of 1.19.

Lowe's Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The company had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. Lowe's Companies’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. equities research analysts anticipate that Lowe's Companies will post 4.53 EPS for the current year.

Lowe's Companies declared that its board has approved a stock buyback plan on Friday, January 26th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the transaction, the insider now directly owns 4,650 shares in the company, valued at approximately $372,930. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

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Lowe's Companies Company Profile

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.

Insider Buying and Selling by Quarter for Lowe's Companies (NYSE:LOW)

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