Investors Sell Shares of Lowe's Companies (LOW) on Strength (LOW)

Investors sold shares of Lowe's Companies, Inc. (NYSE:LOW) on strength during trading on Wednesday. $80.68 million flowed into the stock on the tick-up and $183.41 million flowed out of the stock on the tick-down, for a money net flow of $102.73 million out of the stock. Of all equities tracked, Lowe's Companies had the 15th highest net out-flow for the day. Lowe's Companies traded up $0.71 for the day and closed at $101.68

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $103.00 target price on shares of Lowe's Companies in a report on Friday, December 22nd. Barclays raised shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a report on Friday, January 5th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $82.00 target price on shares of Lowe's Companies in a report on Friday, November 24th. Robert W. Baird reaffirmed a “buy” rating and issued a $110.00 target price on shares of Lowe's Companies in a report on Wednesday, January 3rd. Finally, Zacks Investment Research raised shares of Lowe's Companies from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty have assigned a buy rating to the company’s stock. Lowe's Companies presently has an average rating of “Buy” and a consensus target price of $89.59.

The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $84,370.00, a price-to-earnings ratio of 24.44, a P/E/G ratio of 1.51 and a beta of 1.14.

Lowe's Companies (NYSE:LOW) last issued its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.03. The company had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 EPS. research analysts forecast that Lowe's Companies, Inc. will post 4.51 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, January 23rd. Lowe's Companies’s dividend payout ratio (DPR) is presently 39.42%.

In other news, insider Nelson B. Peace sold 3,352 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the transaction, the insider now owns 4,650 shares of the company’s stock, valued at approximately $372,930. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of LOW. Atlantic Trust LLC acquired a new stake in shares of Lowe's Companies in the 2nd quarter valued at approximately $105,000. State of Alaska Department of Revenue raised its position in shares of Lowe's Companies by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after acquiring an additional 110 shares during the period. Stonehearth Capital Management LLC acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $112,000. Motco raised its position in shares of Lowe's Companies by 33.4% in the 2nd quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock valued at $134,000 after acquiring an additional 432 shares during the period. Finally, Horan Capital Advisors LLC. acquired a new stake in shares of Lowe's Companies in the 3rd quarter valued at approximately $134,000. 73.13% of the stock is currently owned by institutional investors.

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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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