Traders sold shares of Lowe’s Cos. (NYSE:LOW) on strength during trading on Monday. $38.22 million flowed into the stock on the tick-up and $54.61 million flowed out of the stock on the tick-down, for a money net flow of $16.39 million out of the stock. Of all equities tracked, Lowe’s Cos. had the 0th highest net out-flow for the day. Lowe’s Cos. traded up $0.34 for the day and closed at $80.99

Several analysts recently commented on LOW shares. Robert W. Baird reaffirmed a “buy” rating on shares of Lowe’s Cos. in a report on Monday, May 16th. Zacks Investment Research raised Lowe’s Cos. from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a report on Monday, May 16th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Lowe’s Cos. in a report on Wednesday, April 27th. Bank of America Corp. reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Lowe’s Cos. in a report on Wednesday, April 6th. Finally, Goldman Sachs Group Inc. lifted their price objective on Lowe’s Cos. from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, April 6th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.41.

The company’s 50-day moving average price is $79.51 and its 200-day moving average price is $74.87. The firm has a market cap of $71.77 billion and a PE ratio of 26.97.

Lowe’s Cos. (NYSE:LOW) last released its earnings results on Wednesday, May 18th. The home improvement retailer reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.13. During the same period in the previous year, the business posted $0.70 EPS. The company had revenue of $15.20 billion for the quarter, compared to analyst estimates of $14.87 billion. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts forecast that Lowe’s Cos. will post $4.05 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 3rd. Shareholders of record on Wednesday, July 20th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, July 18th. This is a boost from Lowe’s Cos.’s previous quarterly dividend of $0.28. This represents a $1.40 annualized dividend and a yield of 1.73%.

In other news, CAO Matthew V. Hollifield sold 17,976 shares of Lowe’s Cos. stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $79.16, for a total value of $1,422,980.16. Following the transaction, the chief accounting officer now owns 36,715 shares of the company’s stock, valued at approximately $2,906,359.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard D. Maltsbarger sold 12,656 shares of Lowe’s Cos. stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $80.24, for a total transaction of $1,015,517.44. Following the completion of the transaction, the insider now directly owns 34,793 shares in the company, valued at approximately $2,791,790.32. The disclosure for this sale can be found here.

Other institutional investors have made changes to their positions in the company. Wetherby Asset Management Inc. boosted its position in shares of Lowe’s Cos. by 1.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 15,682 shares of the home improvement retailer’s stock valued at $1,193,000 after buying an additional 211 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Lowe’s Cos. by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 59,789 shares of the home improvement retailer’s stock valued at $4,546,000 after buying an additional 343 shares in the last quarter. Argent Trust Co boosted its position in shares of Lowe’s Cos. by 2.2% in the third quarter. Argent Trust Co now owns 17,326 shares of the home improvement retailer’s stock valued at $1,194,000 after buying an additional 375 shares in the last quarter. Pitcairn Co. boosted its position in shares of Lowe’s Cos. by 3.2% in the fourth quarter. Pitcairn Co. now owns 13,279 shares of the home improvement retailer’s stock valued at $1,010,000 after buying an additional 417 shares in the last quarter. Finally, Haverford Trust Co. boosted its position in shares of Lowe’s Cos. by 4.0% in the fourth quarter. Haverford Trust Co. now owns 14,940 shares of the home improvement retailer’s stock valued at $1,136,000 after buying an additional 571 shares in the last quarter.

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company serves homeowners, renters and professional customers (Pro customers). The Company’s retail customers, consists of individual homeowners and renters, a range of projects.

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