Traders Buy Lowe’s Companies (LOW) on Weakness

Traders purchased shares of Lowe’s Companies, Inc. (NYSE:LOW) on weakness during trading hours on Wednesday. $143.96 million flowed into the stock on the tick-up and $104.97 million flowed out of the stock on the tick-down, for a money net flow of $38.99 million into the stock. Of all stocks tracked, Lowe’s Companies had the 13th highest net in-flow for the day. Lowe’s Companies traded down ($0.60) for the day and closed at $97.03

A number of analysts have recently commented on LOW shares. SunTrust Banks raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Friday, September 28th. Morgan Stanley boosted their price target on Lowe’s Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. Deutsche Bank set a $101.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, November 21st. Credit Suisse Group set a $111.00 price target on Lowe’s Companies and gave the stock a “hold” rating in a research report on Tuesday, November 20th. Finally, Loop Capital set a $125.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, November 21st. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $111.65.

The company has a debt-to-equity ratio of 2.68, a current ratio of 1.00 and a quick ratio of 0.18. The company has a market capitalization of $77.91 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 1.35 and a beta of 1.35.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, November 20th. The home improvement retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The firm had revenue of $17.42 billion during the quarter, compared to analyst estimates of $17.36 billion. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. Lowe’s Companies’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 EPS. As a group, analysts forecast that Lowe’s Companies, Inc. will post 5.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Wednesday, January 23rd will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, January 22nd. This represents a $1.92 annualized dividend and a dividend yield of 1.98%. Lowe’s Companies’s dividend payout ratio (DPR) is 43.74%.

In related news, Director Brian C. Rogers acquired 10,000 shares of Lowe’s Companies stock in a transaction dated Friday, November 23rd. The stock was purchased at an average cost of $88.02 per share, for a total transaction of $880,200.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $880,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Institutional investors have recently modified their holdings of the company. FMR LLC lifted its stake in Lowe’s Companies by 8.0% in the third quarter. FMR LLC now owns 21,879,740 shares of the home improvement retailer’s stock worth $2,512,233,000 after purchasing an additional 1,616,536 shares during the last quarter. Capital International Investors purchased a new position in Lowe’s Companies in the third quarter worth $746,818,000. Winslow Capital Management LLC grew its holdings in Lowe’s Companies by 28.4% in the third quarter. Winslow Capital Management LLC now owns 4,081,562 shares of the home improvement retailer’s stock worth $468,645,000 after purchasing an additional 901,607 shares during the last quarter. AQR Capital Management LLC grew its holdings in Lowe’s Companies by 50.0% in the third quarter. AQR Capital Management LLC now owns 2,641,814 shares of the home improvement retailer’s stock worth $303,333,000 after purchasing an additional 880,253 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Lowe’s Companies by 1.1% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,613,391 shares of the home improvement retailer’s stock worth $300,070,000 after buying an additional 27,559 shares during the period. Hedge funds and other institutional investors own 74.33% of the company’s stock.

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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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