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. $48.17 million flowed into the stock on the tick-up and $124.40 million flowed out of the stock on the tick-down, for a money net flow of $76.23 million out of the stock. Of all companies tracked, Lowe’s Companies had the 8th highest net out-flow for the day. Lowe’s Companies traded up $1.10 for the day and closed at $79.47

Several research analysts have weighed in on the company. BidaskClub upgraded Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies reiterated a “hold” rating and issued a $80.00 price target on shares of Lowe’s Companies in a report on Friday, September 29th. Robert W. Baird set a $87.00 price target on Lowe’s Companies and gave the company a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Friday, August 11th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $80.00 price objective on shares of Lowe’s Companies in a report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $85.62.

The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.19 and a current ratio of 1.03. The firm has a market capitalization of $66,180.00, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the consensus estimate 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 company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. During the same period in the previous year, the business posted $1.37 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. equities research analysts anticipate that Lowe’s Companies, Inc. will post 4.5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a dividend yield of 2.06%. Lowe’s Companies’s payout ratio is 46.20%.

In other news, 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 transaction, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOW. Mason Street Advisors LLC raised its stake in Lowe’s Companies by 0.6% during the first quarter. Mason Street Advisors LLC now owns 119,675 shares of the home improvement retailer’s stock worth $9,838,000 after acquiring an additional 684 shares during the period. LBA Wealth Management LLC raised its stake in Lowe’s Companies by 8.7% during the first quarter. LBA Wealth Management LLC now owns 8,084 shares of the home improvement retailer’s stock worth $665,000 after acquiring an additional 650 shares during the period. Hanson McClain Inc. raised its stake in Lowe’s Companies by 3.5% during 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. Pacer Advisors Inc. raised its stake in Lowe’s Companies by 7.0% during the first quarter. Pacer Advisors Inc. now owns 18,563 shares of the home improvement retailer’s stock worth $1,526,000 after acquiring an additional 1,209 shares during the period. Finally, 1060 Capital LLC acquired a new stake in Lowe’s Companies during the first quarter worth about $24,663,000. Hedge funds and other institutional investors own 74.38% of the company’s stock.

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Lowe’s Companies Company Profile

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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