Investors sold shares of Lowe’s Companies, Inc. (NYSE:LOW) on strength during trading on Wednesday. $7.64 million flowed into the stock on the tick-up and $13.90 million flowed out of the stock on the tick-down, for a money net flow of $6.26 million out of the stock. Of all companies tracked, Lowe’s Companies had the 9th highest net out-flow for the day. Lowe’s Companies traded up $1.09 for the day and closed at $76.77

LOW has been the topic of a number of research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $89.00 target price on shares of Lowe’s Companies in a research note on Thursday, July 20th. J P Morgan Chase & Co reissued a “neutral” rating and set a $83.00 price target (down from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Zacks Investment Research cut shares of 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 target on shares of Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, May 12th. Finally, Longbow Research reissued a “buy” rating and set a $95.00 price target on shares of Lowe’s Companies in a research report on Monday, August 14th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. Lowe’s Companies has a consensus rating of “Hold” and an average target price of $85.00.

The company has a market capitalization of $64.84 billion, a PE ratio of 22.00 and a beta of 1.07. The firm’s 50-day moving average is $75.62 and its 200-day moving average is $79.58. Lowe’s Companies also saw unusually large options trading activity on Monday. Traders purchased 6,466 put options on the company. This is an increase of 538% compared to the average 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by $0.05. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.58 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities analysts anticipate that Lowe’s Companies, Inc. will post $4.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders 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 yield of 2.12%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio is presently 46.20%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Lowe’s Companies by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock worth $5,021,542,000 after buying an additional 897,911 shares during the last quarter. BlackRock Inc. raised its position in Lowe’s Companies by 1,757.3% during the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after buying an additional 58,073,138 shares during the last quarter. FMR LLC raised its position in Lowe’s Companies by 62.6% during the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after buying an additional 3,732,153 shares during the last quarter. Ameriprise Financial Inc. raised its position in Lowe’s Companies by 0.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock worth $719,560,000 after buying an additional 64,780 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Lowe’s Companies by 8.2% during the 1st quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock worth $726,481,000 after buying an additional 671,581 shares during the last quarter. 74.32% of the stock is owned by institutional investors.

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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.