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 Thursday. $57.41 million flowed into the stock on the tick-up and $90.51 million flowed out of the stock on the tick-down, for a money net flow of $33.10 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 $0.97 for the day and closed at $109.38

A number of brokerages have recently issued reports on LOW. Loop Capital set a $130.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. SunTrust Banks upped their target price on shares of Lowe’s Companies to $110.00 and gave the stock a “hold” rating in a research report on Thursday, August 23rd. Deutsche Bank upped their target price on shares of Lowe’s Companies to $118.00 and gave the stock a “buy” rating in a research report on Thursday, August 23rd. Argus upped their target price on shares of Lowe’s Companies to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 23rd. Finally, Royal Bank of Canada upped their target price on shares of Lowe’s Companies to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, August 23rd. Ten analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $111.41.

The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.25 and a current ratio of 1.06. The company has a market capitalization of $88.41 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 1.46 and a beta of 1.40.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results 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 company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. Lowe’s Companies’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 earnings per share. analysts predict that Lowe’s Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 7th. Shareholders of record on Wednesday, October 24th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, October 23rd. Lowe’s Companies’s dividend payout ratio is currently 43.74%.

In related news, Director Lisa W. Wardell purchased 273 shares of the business’s stock in a transaction on Friday, August 24th. The shares were bought at an average price of $107.72 per share, with a total value of $29,407.56. Following the completion of the purchase, the director now directly owns 273 shares in the company, valued at approximately $29,407.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.30% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Magellan Asset Management Ltd increased its position in shares of Lowe’s Companies by 0.3% in the second quarter. Magellan Asset Management Ltd now owns 20,201,275 shares of the home improvement retailer’s stock worth $1,930,636,000 after acquiring an additional 51,787 shares in the last quarter. Ironsides Asset Advisors LLC increased its position in shares of Lowe’s Companies by 698.3% in the second quarter. Ironsides Asset Advisors LLC now owns 8,327,089 shares of the home improvement retailer’s stock worth $98,637,000 after acquiring an additional 7,284,000 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of Lowe’s Companies by 0.8% in the first quarter. OppenheimerFunds Inc. now owns 6,093,631 shares of the home improvement retailer’s stock worth $534,715,000 after acquiring an additional 48,900 shares in the last quarter. Boston Partners increased its position in shares of Lowe’s Companies by 382.4% in the second quarter. Boston Partners now owns 4,784,235 shares of the home improvement retailer’s stock worth $457,230,000 after acquiring an additional 3,792,479 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Lowe’s Companies by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,423,886 shares of the home improvement retailer’s stock worth $327,221,000 after acquiring an additional 61,681 shares in the last quarter. 74.12% of the stock is currently owned by institutional investors.

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.

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