Investors Buy Lowe’s Companies, Inc. (LOW) on Weakness

Traders bought shares of Lowe’s Companies, Inc. (NYSE:LOW) on weakness during trading hours on Monday. $78.70 million flowed into the stock on the tick-up and $34.92 million flowed out of the stock on the tick-down, for a money net flow of $43.78 million into the stock. Of all companies tracked, Lowe’s Companies had the 15th highest net in-flow for the day. Lowe’s Companies traded down ($0.12) for the day and closed at $81.74

Several equities research analysts recently issued reports on LOW shares. Bank of America Corporation started coverage on Lowe’s Companies in a research note on Tuesday, September 5th. They issued a “buy” rating and a $95.00 price target for the company. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Stifel Nicolaus restated a “buy” rating and set a $87.00 price objective on shares of Lowe’s Companies in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $100.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG lowered their price objective on shares of Lowe’s Companies from $92.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $85.32.

The firm has a market cap of $68.07 billion, a P/E ratio of 23.21 and a beta of 1.07. The firm has a 50 day moving average of $77.32 and a 200 day moving average of $79.43.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. Lowe’s Companies’s revenue was up 6.8% compared to the same quarter last year. Equities analysts forecast that Lowe’s Companies, Inc. will post $4.50 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s payout ratio is 46.20%.

In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the transaction, the insider now owns 8,400 shares in the company, valued at $655,368. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the transaction, the senior vice president now owns 30,750 shares in the company, valued at approximately $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in LOW. BlackRock Inc. increased its position in shares of Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after acquiring an additional 58,073,138 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of Lowe’s Companies by 204.0% during the 1st quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock valued at $659,174,000 after purchasing an additional 5,380,759 shares in the last quarter. FMR LLC boosted its stake in shares of Lowe’s Companies by 62.6% during the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after purchasing an additional 3,732,153 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Lowe’s Companies by 1,457.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock valued at $293,669,000 after purchasing an additional 3,544,665 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Lowe’s Companies by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after purchasing an additional 2,650,045 shares in the last quarter. Hedge funds and other institutional investors own 74.22% of the company’s stock.

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About Lowe’s Companies

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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