Investors Sell Lowe’s Companies, Inc. (LOW) on Strength (LOW)

Traders sold shares of Lowe’s Companies, Inc. (NYSE:LOW) on strength during trading hours 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 0th 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 issued reports on the company. Longbow Research restated 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 restated 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 lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Piper Jaffray Companies restated 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 assumed coverage on Lowe’s Companies in a research report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 target price for the company. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target 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 company has a market cap of $66,810.00, a PE ratio of 18.26, a PEG ratio of 1.27 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted 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 net margin of 4.51% and a return on equity of 62.02%. The business had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same period in the previous year, the company posted $1.37 earnings per share. Lowe’s Companies’s revenue for the quarter was up 6.8% compared to the same quarter last year. analysts forecast that Lowe’s Companies, Inc. will post 4.5 EPS for the current fiscal 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 issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, January 23rd. 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 sale, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 sale, the insider now directly owns 8,400 shares in the company, valued at $655,368. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of LOW. SRS Capital Advisors Inc. lifted its stake in Lowe’s Companies by 0.4% in the 1st 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 in the last quarter. Harbour Capital Advisors LLC purchased a new position in Lowe’s Companies in the 1st quarter valued at about $103,000. Atlantic Trust LLC purchased a new position in Lowe’s Companies in the 2nd quarter valued at about $105,000. State of Alaska Department of Revenue lifted its stake in 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 valued at $111,000 after buying an additional 110 shares in the last quarter. Finally, Balentine LLC purchased a new position in Lowe’s Companies in the 1st quarter valued at about $120,000. 74.38% of the stock is currently owned by institutional investors and hedge funds.

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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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