Traders Sell Shares of Lowe’s Companies, Inc. (LOW) on Strength (LOW)

Investors sold shares of Lowe’s Companies, Inc. (NYSE:LOW) on strength during trading hours on Monday. $96.81 million flowed into the stock on the tick-up and $133.38 million flowed out of the stock on the tick-down, for a money net flow of $36.57 million out of the stock. Of all equities tracked, Lowe’s Companies had the 24th highest net out-flow for the day. Lowe’s Companies traded up $0.17 for the day and closed at $81.46

Several research firms recently commented on LOW. Longbow Research reiterated a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a research report on Monday, August 14th. Jefferies Group LLC reiterated a “hold” rating and set a $75.00 target price on shares of Lowe’s Companies in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, August 11th. Piper Jaffray Companies reiterated a “hold” rating and set a $80.00 target price on shares of Lowe’s Companies in a research report on Friday, September 29th. Finally, Gordon Haskett began coverage on shares of Lowe’s Companies in a research report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $85.62.

The stock has a market capitalization of $66,810.00, a P/E ratio of 18.48, a P/E/G ratio of 1.29 and a beta of 1.13. The company has a current ratio of 1.03, a quick ratio of 0.19 and a debt-to-equity ratio of 2.85.

Lowe’s Companies (NYSE:LOW) last announced 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). The business had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 EPS. equities analysts anticipate that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the sale, the insider now owns 8,400 shares in the company, valued at approximately $655,368. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following 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. Insiders own 0.11% of the company’s stock.

A number of hedge funds have recently made changes to their positions in LOW. SRS Capital Advisors Inc. increased its stake in Lowe’s Companies by 0.4% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after purchasing an additional 5 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of Lowe’s Companies in the 1st quarter worth $103,000. Atlantic Trust LLC bought a new stake in shares of Lowe’s Companies in the 2nd quarter worth $105,000. State of Alaska Department of Revenue grew its stake in shares of Lowe’s Companies by 8.3% in the 2nd 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 in the last quarter. Finally, Balentine LLC bought a new stake in shares of Lowe’s Companies in the 1st quarter worth $120,000. Institutional investors and hedge funds own 74.00% 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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