Traders Sell Shares of Lowe’s Companies, Inc. (LOW) on Strength (LOW)
Investors sold shares of Lowe’s Companies, Inc. (NYSE:LOW) on strength during trading on Friday. $45.75 million flowed into the stock on the tick-up and $99.81 million flowed out of the stock on the tick-down, for a money net flow of $54.06 million out of the stock. Of all companies tracked, Lowe’s Companies had the 0th highest net out-flow for the day. Lowe’s Companies traded up $0.76 for the day and closed at $74.65
A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, August 28th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $83.00 price objective (down previously from $89.00) on shares of Lowe’s Companies in a report on Thursday, August 24th. Jefferies Group LLC restated a “hold” rating and issued a $75.00 target price (down previously from $89.00) on shares of Lowe’s Companies in a research note on Thursday, August 24th. Piper Jaffray Companies restated a “hold” rating and issued a $80.00 target price (down previously from $83.00) on shares of Lowe’s Companies in a research note on Thursday, August 24th. Finally, Morgan Stanley cut their target price on shares of Lowe’s Companies from $88.00 to $81.00 and set an “overweight” rating on the stock in a research note on Thursday, August 24th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $84.57.
The stock has a market capitalization of $62.48 billion, a PE ratio of 21.20 and a beta of 1.07. The company has a 50-day moving average of $75.61 and a 200-day moving average of $79.53.
Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by $0.05. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.37 EPS. On average, equities analysts forecast that Lowe’s Companies, Inc. will post $4.49 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 46.20%.
A number of large investors have recently bought and sold shares of LOW. Vantage Financial Partners Ltd. Inc. bought a new stake in Lowe’s Companies during the second quarter valued at $233,000. SRS Capital Advisors Inc. boosted its stake in Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 5 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in Lowe’s Companies during the first quarter valued at $103,000. State of Alaska Department of Revenue bought a new stake in Lowe’s Companies during the first quarter valued at $109,000. Finally, Hanson McClain Inc. boosted its stake in Lowe’s Companies by 3.5% in the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 72.91% of the company’s stock.
About Lowe’s Companies
Lowe’s Companies, Inc (Lowe’s) is a FORTUNE 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.