Investors sold shares of Lowe’s Cos. (NYSE:LOW) on strength during trading hours on Monday. $27.83 million flowed into the stock on the tick-up and $51.85 million flowed out of the stock on the tick-down, for a money net flow of $24.02 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 $0.03 for the day and closed at $82.31

A number of research firms have recently issued reports on LOW. Topeka Capital Markets began coverage on shares of Lowe’s Cos. in a report on Monday, May 23rd. They set a “hold” rating and a $75.00 price objective for the company. Citigroup Inc. raised shares of Lowe’s Cos. to a “buy” rating and set a $90.00 price objective for the company in a report on Thursday, May 26th. BTIG Research began coverage on shares of Lowe’s Cos. in a report on Wednesday, June 1st. They set a “buy” rating and a $90.00 price objective for the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Lowe’s Cos. in a report on Thursday, April 14th. Finally, Vetr cut shares of Lowe’s Cos. from a “buy” rating to a “hold” rating and set a $85.38 target price on the stock. in a research report on Thursday, July 28th. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $83.36.

The stock has a market cap of $72.94 billion and a PE ratio of 27.41. The stock has a 50-day moving average of $79.93 and a 200 day moving average of $75.25.

Lowe’s Cos. (NYSE:LOW) last announced its earnings results on Wednesday, May 18th. The home improvement retailer reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.13. The firm earned $15.20 billion during the quarter, compared to analysts’ expectations of $14.87 billion. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. Analysts forecast that Lowe’s Cos. will post $4.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 3rd. Investors of record on Wednesday, July 20th will be paid a $0.35 dividend. This is an increase from Lowe’s Cos.’s previous quarterly dividend of $0.28. This represents a $1.40 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Monday, July 18th.

In related news, CAO Matthew V. Hollifield sold 17,976 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard D. Maltsbarger sold 12,656 shares of the firm’s stock in a transaction dated 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 hedge funds and institutional investors have bought and sold shares of the company. Pitcairn Co. increased its position in Lowe’s Cos. by 3.2% in the fourth quarter. Pitcairn Co. now owns 13,279 shares of the home improvement retailer’s stock worth $1,010,000 after buying an additional 417 shares during the period. Sawtooth Asset Management Inc. increased its position in Lowe’s Cos. by 480.3% in the fourth quarter. Sawtooth Asset Management Inc. now owns 14,246 shares of the home improvement retailer’s stock worth $1,083,000 after buying an additional 11,791 shares during the period. Pinnacle Associates Ltd. increased its position in Lowe’s Cos. by 9.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 14,489 shares of the home improvement retailer’s stock worth $1,102,000 after buying an additional 1,296 shares during the period. Haverford Trust Co. increased its position in 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 worth $1,136,000 after buying an additional 571 shares during the period. Finally, Wetherby Asset Management Inc. increased its position in 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 worth $1,193,000 after buying an additional 211 shares during the period.

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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