Investors 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 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 stocks tracked, Lowe’s Companies had the 0th highest net out-flow for the day. Lowe’s Companies traded up $0.17 for the day and closed at $81.46

A number of research firms have commented on LOW. Royal Bank Of Canada boosted their price target on shares of Lowe’s Companies from $84.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday. Telsey Advisory Group lifted their price objective on shares of Lowe’s Companies from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday. Robert W. Baird reaffirmed an “outperform” rating and issued a $92.00 price objective (up previously from $87.00) on shares of Lowe’s Companies in a research note on Wednesday. Longbow Research reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Lowe’s Companies in a research note on Monday, August 14th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Lowe’s Companies in a research note on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the stock. Lowe’s Companies presently has an average rating of “Hold” and a consensus price target of $86.35.

The company has a market cap of $68,182.02, a P/E ratio of 18.77, a P/E/G ratio of 1.31 and a beta of 1.13. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.19 and a current ratio of 1.03.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The firm had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. research analysts predict that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s payout ratio is currently 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 value of $163,685.96. Following the sale, the insider now owns 8,400 shares of the company’s stock, valued at approximately $655,368. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 completion of the sale, the senior vice president now directly owns 30,750 shares in the company, 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.

A number of institutional investors have recently made changes to their positions in the business. First Fiduciary Investment Counsel Inc. increased its holdings in Lowe’s Companies by 6.0% in the 3rd quarter. First Fiduciary Investment Counsel Inc. now owns 262,571 shares of the home improvement retailer’s stock valued at $20,990,000 after buying an additional 14,890 shares during the period. Coastline Trust Co increased its holdings in Lowe’s Companies by 25.3% in the 3rd quarter. Coastline Trust Co now owns 10,585 shares of the home improvement retailer’s stock valued at $846,000 after buying an additional 2,135 shares during the period. Smith Shellnut Wilson LLC ADV increased its holdings in Lowe’s Companies by 14.7% in the 3rd quarter. Smith Shellnut Wilson LLC ADV now owns 25,202 shares of the home improvement retailer’s stock valued at $2,015,000 after buying an additional 3,235 shares during the period. Moors & Cabot Inc. increased its holdings in Lowe’s Companies by 35.7% in the 3rd quarter. Moors & Cabot Inc. now owns 16,672 shares of the home improvement retailer’s stock valued at $1,332,000 after buying an additional 4,385 shares during the period. Finally, Belpointe Asset Management LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter worth about $564,000. 74.00% of the stock is currently owned by hedge funds and other institutional investors.

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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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