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

Traders purchased shares of Lowe’s Companies, Inc. (NYSE:LOW) on weakness during trading 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 equities 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 research firms recently commented on LOW. Longbow Research reaffirmed a “buy” rating and issued a $95.00 price target on shares of Lowe’s Companies in a report on Monday, August 14th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $75.00 price target on shares of Lowe’s Companies in a report on Thursday, September 28th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $80.00 price target on shares of Lowe’s Companies in a report on Friday, September 29th. Gordon Haskett began coverage on Lowe’s Companies in a report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price target for the company. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $90.00 price target (up previously from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $85.32.

The firm has a market capitalization of $67.54 billion, a P/E ratio of 23.03 and a beta of 1.07. The stock has a 50 day moving average of $77.76 and a 200-day moving average of $79.38.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 earnings per share. Equities analysts expect that Lowe’s Companies, Inc. will post $4.50 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be issued a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 annualized dividend and a yield of 2.02%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Waldron LP acquired a new stake in shares of Lowe’s Companies during the 1st quarter worth $364,000. Empire Life Investments Inc. acquired a new stake in shares of Lowe’s Companies during the 1st quarter worth $17,350,000. Tower Bridge Advisors increased its holdings in shares of Lowe’s Companies by 5.2% during the 1st quarter. Tower Bridge Advisors now owns 31,112 shares of the home improvement retailer’s stock worth $2,558,000 after buying an additional 1,540 shares during the last quarter. Boston Partners increased its holdings in shares of Lowe’s Companies by 0.5% during the 1st quarter. Boston Partners now owns 1,658,826 shares of the home improvement retailer’s stock worth $136,372,000 after buying an additional 8,132 shares during the last quarter. Finally, HPM Partners LLC acquired a new stake in shares of Lowe’s Companies during the 1st quarter worth $810,000. 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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