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

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Investors sold shares of Lowe’s Companies, Inc. (NYSE:LOW) on strength during trading on Friday. $82.49 million flowed into the stock on the tick-up and $171.64 million flowed out of the stock on the tick-down, for a money net flow of $89.15 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 $1.14 for the day and closed at $113.89

A number of research analysts have weighed in on the stock. Morgan Stanley set a $115.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Thursday, May 24th. Raymond James raised their price objective on shares of Lowe’s Companies from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, August 23rd. Argus raised their price objective on shares of Lowe’s Companies to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Royal Bank of Canada raised their price objective on shares of Lowe’s Companies to $104.00 and gave the company an “outperform” rating in a research note on Thursday, May 24th. Finally, Jefferies Financial Group assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, August 21st. They issued a “buy” rating and a $118.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $111.41.

The company has a current ratio of 1.06, a quick ratio of 0.25 and a debt-to-equity ratio of 2.58. The stock has a market cap of $92.42 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 1.53 and a beta of 1.40.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.05. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period last year, the firm earned $1.57 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. equities analysts anticipate that Lowe’s Companies, Inc. will post 5.2 EPS for the current fiscal year.

The company 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 dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, October 23rd. Lowe’s Companies’s payout ratio is currently 43.74%.

In other news, Director Lisa W. Wardell purchased 273 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The shares were 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 of the company’s stock, valued at $29,407.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Almanack Investment Partners LLC. bought a new stake in Lowe’s Companies in the second quarter worth about $103,000. CSat Investment Advisory L.P. bought a new stake in Lowe’s Companies in the second quarter worth about $108,000. ClariVest Asset Management LLC bought a new stake in Lowe’s Companies in the first quarter worth about $118,000. Rainier Group Investment Advisory LLC bought a new stake in Lowe’s Companies in the first quarter worth about $121,000. Finally, NuWave Investment Management LLC bought a new stake in Lowe’s Companies in the second quarter worth about $126,000. 74.13% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Company Profile (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.

See Also: Intrinsic Value and Stock Selection

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