Traders Buy Shares of Lowe’s Companies, Inc. (LOW) on Weakness

Investors purchased shares of Lowe’s Companies, Inc. (NYSE:LOW) on weakness during trading on Wednesday. $118.54 million flowed into the stock on the tick-up and $91.14 million flowed out of the stock on the tick-down, for a money net flow of $27.40 million into the stock. Of all stocks tracked, Lowe’s Companies had the 31st highest net in-flow for the day. Lowe’s Companies traded down ($0.80) for the day and closed at $77.86

A number of analysts have recently issued reports on LOW shares. BTIG Research reiterated a “buy” rating and issued a $95.00 price objective (up from $90.00) on shares of Lowe’s Companies in a report on Friday, May 19th. Oppenheimer Holdings, Inc. set a $100.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, May 24th. Stifel Nicolaus lowered their price objective on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $94.00 price objective (down from $95.00) on shares of Lowe’s Companies in a report on Sunday, May 28th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $85.00.

The stock’s 50 day moving average price is $76.18 and its 200 day moving average price is $79.60. The firm has a market capitalization of $65.38 billion, a P/E ratio of 22.29 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (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 for the quarter, compared to analysts’ expectations of $19.58 billion. During the same period in the prior year, the business earned $1.37 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts forecast that Lowe’s Companies, Inc. will post $4.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio is presently 46.20%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. SRS Capital Advisors Inc. increased its holdings 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 worth $101,000 after acquiring an additional 5 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in Lowe’s Companies in the 1st quarter worth about $103,000. Atlantic Trust LLC purchased a new stake in Lowe’s Companies in the 2nd quarter worth about $105,000. State of Alaska Department of Revenue purchased a new stake in Lowe’s Companies in the 1st quarter worth about $109,000. Finally, Hanson McClain Inc. increased its holdings in Lowe’s Companies by 3.5% in the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after acquiring an additional 45 shares during the last quarter. 74.32% of the stock is owned by institutional investors.

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Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE 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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