Trade-Ideas LLC identified

Lowe's Companies

(

LOW

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Lowe's Companies as such a stock due to the following factors:

  • LOW has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $530.9 million.
  • LOW has traded 41,849 shares today.
  • LOW is trading at a new lifetime high.

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More details on LOW:

Lowe's Companies, Inc. operates as a home improvement retailer. It offers products for home maintenance, repair, remodeling, and decorating. The stock currently has a dividend yield of 1.4%. LOW has a PE ratio of 26. Currently there are 13 analysts that rate Lowe's Companies a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Lowe's Companies has been 4.6 million shares per day over the past 30 days. Lowe's Companies has a market cap of $71.7 billion and is part of the services sector and retail industry. The stock has a beta of 1.12 and a short float of 1% with 1.38 days to cover. Shares are up 5.4% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Lowe's Companies as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • LOWE'S COMPANIES INC has improved earnings per share by 40.0% in the most recent quarter compared to the same quarter a year ago. Stable earnings per share over the past year indicate the company has sound management over its earnings and share float. We anticipate these figures will begin to experience more growth in the coming year. During the past fiscal year, LOWE'S COMPANIES INC increased its bottom line by earning $2.71 versus $2.70 in the prior year. This year, the market expects an improvement in earnings ($4.05 versus $2.71).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Specialty Retail industry average. The net income increased by 31.4% when compared to the same quarter one year prior, rising from $673.00 million to $884.00 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 13.2%. Since the same quarter one year prior, revenues slightly increased by 7.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Net operating cash flow has increased to $3,220.00 million or 29.94% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 18.34%.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.

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