Investors Sell Lowe’s Companies (LOW) on Strength (LOW)
Traders sold shares of Lowe’s Companies, Inc. (NYSE:LOW) on strength during trading hours on Monday. $58.63 million flowed into the stock on the tick-up and $109.62 million flowed out of the stock on the tick-down, for a money net flow of $50.99 million out of the stock. Of all stocks tracked, Lowe’s Companies had the 32nd highest net out-flow for the day. Lowe’s Companies traded up $1.74 for the day and closed at $101.88
A number of research analysts have commented on LOW shares. Loop Capital lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Deutsche Bank set a $101.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, November 21st. Wells Fargo & Co increased their price objective on Lowe’s Companies from $110.00 to $120.00 in a research report on Thursday, February 28th. ValuEngine upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Finally, Credit Suisse Group set a $111.00 price objective on Lowe’s Companies and gave the company a “hold” rating in a research report on Tuesday, November 20th. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $113.13.
The company has a quick ratio of 0.11, a current ratio of 0.98 and a debt-to-equity ratio of 3.95. The stock has a market capitalization of $80.41 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.17 and a beta of 1.27.
Large investors have recently bought and sold shares of the company. Clarfeld Financial Advisors LLC bought a new position in shares of Lowe’s Companies in the 4th quarter worth $26,000. Capital Financial Planning LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth $46,000. CNB Bank acquired a new stake in Lowe’s Companies during the 4th quarter worth $46,000. Ironwood Financial llc raised its stake in Lowe’s Companies by 171.0% during the 4th quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock worth $50,000 after buying an additional 342 shares during the period. Finally, Contravisory Investment Management Inc. raised its stake in Lowe’s Companies by 360.6% during the 4th quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock worth $60,000 after buying an additional 512 shares during the period. Institutional investors and hedge funds own 74.78% of the company’s stock.
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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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