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

Investors sold shares of Lowe’s Companies, Inc. (NYSE:LOW) on strength during trading hours 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 companies 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 equities analysts have commented on LOW shares. ValuEngine raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, May 24th. Royal Bank of Canada boosted their price target on shares of Lowe’s Companies to $118.00 and gave the stock an “outperform” rating in a research note on Thursday, August 23rd. Loop Capital set a $115.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, July 18th. Zacks Investment Research cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, Stifel Nicolaus boosted their price target on shares of Lowe’s Companies from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Ten investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $111.41.

The firm has a market capitalization of $92.42 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.25 and a current ratio of 1.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.05. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 EPS. equities analysts forecast that Lowe’s Companies, Inc. will post 5.2 EPS for the current 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 issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, October 23rd. This represents a $1.92 dividend on an annualized basis and a yield of 1.69%. Lowe’s Companies’s dividend payout ratio is currently 43.74%.

In other news, 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, for a total transaction of $29,407.56. Following the acquisition, the director now directly owns 273 shares of the company’s stock, valued at approximately $29,407.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Tdam USA Inc. raised its holdings in Lowe’s Companies by 6.9% during the 2nd quarter. Tdam USA Inc. now owns 7,850 shares of the home improvement retailer’s stock valued at $750,000 after buying an additional 504 shares during the last quarter. Central Bank & Trust Co. raised its holdings in Lowe’s Companies by 4.3% during the 2nd quarter. Central Bank & Trust Co. now owns 12,351 shares of the home improvement retailer’s stock valued at $1,180,000 after buying an additional 511 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Lowe’s Companies by 13.3% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,367 shares of the home improvement retailer’s stock valued at $417,000 after buying an additional 511 shares during the last quarter. Dillon & Associates Inc. increased its position in Lowe’s Companies by 0.7% during the 2nd quarter. Dillon & Associates Inc. now owns 75,416 shares of the home improvement retailer’s stock valued at $7,240,000 after purchasing an additional 535 shares during the period. Finally, Summit X LLC increased its position in Lowe’s Companies by 13.7% during the 1st quarter. Summit X LLC now owns 4,437 shares of the home improvement retailer’s stock valued at $386,000 after purchasing an additional 536 shares during the period. Institutional investors own 74.13% of the company’s stock.

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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