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 Thursday. $38.93 million flowed into the stock on the tick-up and $64.09 million flowed out of the stock on the tick-down, for a money net flow of $25.16 million out of the stock. Of all stocks tracked, Lowe’s Companies had the 26th highest net out-flow for the day. Lowe’s Companies traded up $0.36 for the day and closed at $81.57

A number of brokerages have recently commented on LOW. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $69.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, July 12th. BidaskClub raised Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Lowe’s Companies in a research report on Friday, September 29th. Robert W. Baird set a $87.00 target price on Lowe’s Companies and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $85.32.

The company has a 50-day moving average of $78.16 and a 200-day moving average of $79.41. The firm has a market cap of $67.93 billion, a price-to-earnings ratio of 23.16 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (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 the consensus estimate of $19.58 billion. During the same quarter last year, the company earned $1.37 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. On average, equities analysts forecast that Lowe’s Companies, Inc. will post $4.50 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders 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 yield of 2.01%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is 46.20%.

In related news, insider Paul D. Ramsay sold 2,098 shares of the 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 sale, the insider now owns 8,400 shares in the company, valued at $655,368. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the sale, the senior vice president now owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. lifted its stake 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 valued at $101,000 after buying an additional 5 shares during the period. Harbour Capital Advisors LLC bought a new stake in shares of Lowe’s Companies in the first quarter valued at about $103,000. Atlantic Trust LLC bought a new stake in shares of Lowe’s Companies in the second quarter valued at about $105,000. Hanson McClain Inc. lifted its stake 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 valued at $110,000 after buying an additional 45 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake 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 valued at $111,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 74.22% of the c

A number of brokerages have recently commented on LOW. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $69.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, July 12th. BidaskClub raised Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Lowe’s Companies in a research report on Friday, September 29th. Robert W. Baird set a $87.00 target price on Lowe’s Companies and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $85.32.

The company has a 50-day moving average of $78.16 and a 200-day moving average of $79.41. The firm has a market cap of $67.93 billion, a price-to-earnings ratio of 23.16 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (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 the consensus estimate of $19.58 billion. During the same quarter last year, the company earned $1.37 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. On average, equities analysts forecast that Lowe’s Companies, Inc. will post $4.50 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders 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 yield of 2.01%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is 46.20%.

In related news, insider Paul D. Ramsay sold 2,098 shares of the 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 sale, the insider now owns 8,400 shares in the company, valued at $655,368. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the sale, the senior vice president now owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. lifted its stake 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 valued at $101,000 after buying an additional 5 shares during the period. Harbour Capital Advisors LLC bought a new stake in shares of Lowe’s Companies in the first quarter valued at about $103,000. Atlantic Trust LLC bought a new stake in shares of Lowe’s Companies in the second quarter valued at about $105,000. Hanson McClain Inc. lifted its stake 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 valued at $110,000 after buying an additional 45 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake 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 valued at $111,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 74.22% of the company’s stock.

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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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