Somewhat Favorable News Coverage Somewhat Unlikely to Affect Lowe's Companies (LOW) Share Price
Headlines about Lowe's Companies (NYSE:LOW) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lowe's Companies earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the home improvement retailer an impact score of 46.378746805579 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s analysis:
- Intraday Movers – Lowe’s Companies, Inc. (LOW) – android media cell (androidmediacell.com)
- Share Repurchase Plan Declared by Lowe's Companies (LOW) (americanbankingnews.com)
- Lowe’s Companies, Inc. Announces New $5 Billion Share Repurchase Program – PR Newswire (press release) (prnewswire.com)
- Lowe's announced $5 billion stock buyback program (finance.yahoo.com)
- Lowe’s board approves $5 billion stock buyback plan (finance.yahoo.com)
Shares of Lowe's Companies (NYSE LOW) traded down $1.69 during midday trading on Tuesday, reaching $105.15. The company’s stock had a trading volume of 1,454,999 shares, compared to its average volume of 5,770,116. Lowe's Companies has a fifty-two week low of $70.76 and a fifty-two week high of $108.98. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. The company has a market cap of $89,116.29, a P/E ratio of 25.26, a P/E/G ratio of 1.47 and a beta of 1.14.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a $0.41 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 1.56%. Lowe's Companies’s dividend payout ratio is currently 39.33%.
Lowe's Companies announced that its Board of Directors has initiated a share 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 reacquire 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.
A number of brokerages recently issued reports on LOW. Stifel Nicolaus reiterated a “buy” rating and issued a $103.00 target price on shares of Lowe's Companies in a report on Friday, December 22nd. Barclays raised Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Sanford C. Bernstein raised Lowe's Companies from an “underperform” rating to an “outperform” rating in a research report on Monday, January 22nd. Piper Jaffray Companies reissued a “hold” rating and issued a $82.00 price target on shares of Lowe's Companies in a research report on Friday, November 24th. Finally, Robert W. Baird reissued a “buy” rating and issued a $110.00 price target on shares of Lowe's Companies in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $93.59.
In other news, insider Nelson B. Peace sold 3,352 shares of Lowe's Companies stock in a transaction dated 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 sale, the insider now owns 4,650 shares in the company, valued at approximately $372,930. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company 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.
Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.