Traders Sell Lowe’s Companies, Inc. (LOW) on Strength (LOW)
Traders sold shares of Lowe’s Companies, Inc. (NYSE:LOW) on strength during trading hours on Tuesday. $41.11 million flowed into the stock on the tick-up and $49.39 million flowed out of the stock on the tick-down, for a money net flow of $8.28 million out of the stock. Of all stocks tracked, Lowe’s Companies had the 37th highest net out-flow for the day. Lowe’s Companies traded up $1.22 for the day and closed at $75.87
Several research analysts have recently weighed in on LOW shares. BMO Capital Markets reissued a “buy” rating and issued a $89.00 price objective on shares of Lowe’s Companies in a research report on Thursday, July 20th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $83.00 price objective (down from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Jefferies Group LLC lifted their price objective on Lowe’s Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a research report on Friday, May 12th. Finally, Longbow Research reissued a “buy” rating and issued a $95.00 price objective on shares of Lowe’s Companies in a research report on Monday, August 14th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $85.00.
The firm has a 50-day moving average price of $75.58 and a 200 day moving average price of $79.59. The firm has a market cap of $63.34 billion, a PE ratio of 21.49 and a beta of 1.07. Lowe’s Companies also was the recipient of some unusual options trading activity on Monday. Traders bought 6,466 put options on the company. This represents an increase of approximately 538% compared to the typical daily volume of 1,014 put options.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by $0.05. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The firm had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.58 billion. During the same quarter in the previous year, the company earned $1.37 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Analysts forecast that Lowe’s Companies, Inc. will post $4.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s payout ratio is 46.20%.
Several large investors have recently bought and sold shares of LOW. State of Alaska Department of Revenue purchased a new stake in shares of Lowe’s Companies during the first quarter valued at approximately $109,000. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Lowe’s Companies by 1.2% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 23,198 shares of the home improvement retailer’s stock valued at $1,783,000 after buying an additional 274 shares during the last quarter. Waldron LP purchased a new stake in shares of Lowe’s Companies during the first quarter valued at approximately $364,000. Personal Capital Advisors Corp grew its holdings in shares of Lowe’s Companies by 9.1% during the first quarter. Personal Capital Advisors Corp now owns 351,361 shares of the home improvement retailer’s stock valued at $28,885,000 after buying an additional 29,176 shares during the last quarter. Finally, BTIM Corp. grew its holdings in shares of Lowe’s Companies by 7.2% during the first quarter. BTIM Corp. now owns 12,236 shares of the home improvement retailer’s stock valued at $1,006,000 after buying an additional 823 shares during the last quarter. Hedge funds and other institutional investors own 74.32% of the company’s stock.
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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.
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