Investors Sell Shares of Lowe’s Companies (LOW) on Strength (LOW)

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Traders sold shares of Lowe’s Companies, Inc. (NYSE:LOW) on strength during trading on Friday. $93.30 million flowed into the stock on the tick-up and $153.42 million flowed out of the stock on the tick-down, for a money net flow of $60.12 million out of the stock. Of all equities tracked, Lowe’s Companies had the 0th highest net out-flow for the day. Lowe’s Companies traded up $0.32 for the day and closed at $114.82

LOW has been the topic of a number of research analyst reports. SunTrust Banks upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Friday. KeyCorp reaffirmed an “overweight” rating and set a $115.00 target price (up from $105.00) on shares of Lowe’s Companies in a research report on Tuesday, July 24th. Royal Bank of Canada upped their target price on Lowe’s Companies to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, August 23rd. Deutsche Bank upped their target price on Lowe’s Companies to $118.00 and gave the stock a “buy” rating in a research report on Thursday, August 23rd. Finally, Robert W. Baird upped their target price on Lowe’s Companies from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $110.86.

The stock has a market cap of $92.81 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 1.54 and a beta of 1.40. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.06 and a quick ratio of 0.25.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.05. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. Lowe’s Companies’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.57 EPS. analysts anticipate that Lowe’s Companies, Inc. will post 5.19 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 7th. Investors of record on Wednesday, October 24th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Tuesday, October 23rd. Lowe’s Companies’s payout ratio is currently 43.74%.

In related news, CFO Marshall A. Croom sold 15,735 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total value of $1,803,388.35. Following the completion of the sale, the chief financial officer now directly owns 63,099 shares of the company’s stock, valued at approximately $7,231,776.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lisa W. Wardell purchased 273 shares of the stock in a transaction that occurred on Friday, August 24th. The stock was bought at an average cost of $107.72 per share, with a total value of $29,407.56. Following the completion of the transaction, the director now directly owns 273 shares in the company, valued at approximately $29,407.56. The disclosure for this purchase can be found here. Corporate insiders own 0.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Almanack Investment Partners LLC. bought a new position in Lowe’s Companies in the 2nd quarter valued at $103,000. CSat Investment Advisory L.P. bought a new position in Lowe’s Companies in the 2nd quarter valued at $108,000. NuWave Investment Management LLC bought a new position in Lowe’s Companies in the 2nd quarter valued at $126,000. FNY Investment Advisers LLC bought a new position in Lowe’s Companies in the 2nd quarter valued at $127,000. Finally, Rainier Group Investment Advisory LLC bought a new position in Lowe’s Companies in the 1st quarter valued at $121,000. 74.44% of the stock is owned by institutional investors and hedge funds.

About Lowe’s Companies (NYSE:LOW)

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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