Investors Sell Shares of Lowe’s Companies, Inc. (LOW) on Strength (LOW)
Traders sold shares of Lowe’s Companies, Inc. (NYSE:LOW) on strength during trading on Monday. $108.34 million flowed into the stock on the tick-up and $199.41 million flowed out of the stock on the tick-down, for a money net flow of $91.07 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 $1.11 for the day and closed at $79.34
Several equities analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Lowe’s Companies in a research report on Monday. Zacks Investment Research raised Lowe’s Companies from a “sell” rating to a “hold” rating in a research report on Thursday. Bank of America Corporation assumed coverage on Lowe’s Companies in a research report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 price objective on the stock. J P Morgan Chase & Co reaffirmed 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. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $75.00 price objective (down from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. Lowe’s Companies has a consensus rating of “Hold” and an average price target of $85.00.
The firm has a market capitalization of $66.07 billion, a price-to-earnings ratio of 22.52 and a beta of 1.07. The stock has a 50 day moving average price of $76.25 and a 200 day moving average price of $79.59.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The firm 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 company’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $1.37 EPS. Equities research analysts expect that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be given a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 46.20%.
In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now owns 8,400 shares in the company, valued at $655,368. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.
Several institutional investors have recently modified their holdings of LOW. SRS Capital Advisors Inc. raised its position in shares of 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 worth $101,000 after acquiring an additional 5 shares during the period. Harbour Capital Advisors LLC acquired a new position in shares of Lowe’s Companies in the first quarter worth about $103,000. Atlantic Trust LLC acquired a new position in shares of Lowe’s Companies in the second quarter worth about $105,000. Hanson McClain Inc. raised its position in shares of 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 worth $110,000 after acquiring an additional 45 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Lowe’s Companies by 8.3% in the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after acquiring an additional 110 shares during the period. Institutional investors and hedge funds own 74.20% of the company’s stock.
About Lowe’s Companies
Lowe’s Companies, Inc (Lowe’s) is a 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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