Investors Buy Shares of Lowe’s Companies, Inc. (LOW) on Weakness
Traders bought shares of Lowe’s Companies, Inc. (NYSE:LOW) on weakness during trading on Tuesday. $227.56 million flowed into the stock on the tick-up and $195.07 million flowed out of the stock on the tick-down, for a money net flow of $32.49 million into the stock. Of all stocks tracked, Lowe’s Companies had the 10th highest net in-flow for the day. Lowe’s Companies traded down ($0.87) for the day and closed at $80.59
LOW has been the topic of a number of analyst reports. Bank of America Corporation initiated coverage on Lowe’s Companies in a report on Tuesday, September 5th. They issued a “buy” rating and a $95.00 price objective on the stock. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Oppenheimer Holdings, Inc. set a $100.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, August 23rd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $90.00 price objective (up previously from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Lowe’s Companies in a report on Monday, September 25th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $85.85.
The company has a quick ratio of 0.19, a current ratio of 1.03 and a debt-to-equity ratio of 2.85. The firm has a market cap of $67,120.00, a PE ratio of 18.48, a PEG ratio of 1.29 and a beta of 1.13.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.01. The company had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. Lowe’s Companies’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 EPS. analysts anticipate that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a $0.41 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 2.03%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 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 stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $614,889.90. Following the completion of the transaction, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. First Fiduciary Investment Counsel Inc. raised 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 acquiring an additional 14,890 shares during the last quarter. Coastline Trust Co raised 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 acquiring an additional 2,135 shares during the last quarter. Smith Shellnut Wilson LLC ADV raised 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 acquiring an additional 3,235 shares during the last quarter. Moors & Cabot Inc. raised 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 acquiring an additional 4,385 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in Lowe’s Companies in the 3rd quarter valued at $564,000. Institutional investors own 74.00% of the company’s stock.
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Lowe’s Companies Company Profile
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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