Investors Sell Lowe’s Companies, Inc. (LOW) on Strength (LOW)
Investors sold shares of Lowe’s Companies, Inc. (NYSE:LOW) on strength during trading on Monday. $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 stocks tracked, Lowe’s Companies had the 12th 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 analysts recently weighed in on the stock. Vetr cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price target for the company. in a research note on Monday, May 8th. Jefferies Group LLC increased their price target on shares of Lowe’s Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a research note on Friday, May 12th. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Stifel Nicolaus reiterated a “buy” rating and set a $87.00 price target on shares of Lowe’s Companies in a research note on Friday, July 21st. Finally, Zacks Investment Research cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $84.57.
The company has a market capitalization of $62.48 billion, a PE ratio of 21.20 and a beta of 1.07. The company’s 50 day moving average is $75.61 and its 200 day moving average is $79.53.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by $0.05. The company had revenue of $19.50 billion during 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 business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 EPS. On average, equities analysts forecast that Lowe’s Companies, Inc. will post $4.49 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s payout ratio is currently 46.20%.
A number of hedge funds have recently bought and sold shares of the stock. Intl Fcstone Inc. acquired a new stake in Lowe’s Companies in the second quarter worth about $243,000. Lord Abbett & CO. LLC lifted its holdings in Lowe’s Companies by 81.0% in the second quarter. Lord Abbett & CO. LLC now owns 2,131,387 shares of the home improvement retailer’s stock worth $165,247,000 after purchasing an additional 953,787 shares during the period. Phocas Financial Corp. acquired a new stake in Lowe’s Companies in the second quarter worth about $268,000. RNC Capital Management LLC lifted its holdings in Lowe’s Companies by 0.9% in the second quarter. RNC Capital Management LLC now owns 49,916 shares of the home improvement retailer’s stock worth $3,870,000 after purchasing an additional 439 shares during the period. Finally, Atlantic Trust LLC acquired a new stake in Lowe’s Companies in the second quarter worth about $105,000. 74.32% of the stock is owned by institutional investors and hedge funds.
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Lowe’s Companies Company Profile
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.