Shares Ticking Lower in Trade: Lowe's Companies, Inc. (NYSE:LOW)

21 Juillet, 2017, 03:13 | Author: Marc Bacque

Lowe's Companies, Inc. (NYSE:LOW) stock reached a 1-year peak price of $86.25.

Want to see what other hedge funds are holding LOW?

According to Zacks, "It seems that Lowe's has not been able to extract optimum benefit from improving job scenario and gradual recovery in the housing market". Its last month's stock price volatility remained 1.46% which for the week stands at 1.07%. (NYSE:LOW) for 159,879 shares. Finally, Oppenheimer Holdings, Inc. set a $100.00 target price on shares of Lowe's Companies and gave the company a "buy" rating in a report on Wednesday, May 24th. Royal Bank Of Canada reiterated a "buy" rating and set a $90.00 target price on shares of Lowe's Companies in a report on Monday, April 3rd. Goldman Sachs Group, Inc. First Foundation Advisors sold 20,202 shares as Lowe's Cos Inc (LOW)'s stock rose 10.23%. Finally, Stifel Nicolaus reduced their price objective on shares of Lowe's Companies from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, May 25th. The stock has an average rating of "Hold" and a consensus target price of $85.39. Lowe's Companies's revenue for the quarter was up 10.7% compared to the same quarter a year ago. If we take a long term observation, shares have been trading at a distance of 0.64% from the 200-day moving average. The company has market cap of $65.60 billion.

Lowe's Companies has raised its dividend payment by an average of 22.8% annually over the last three years and has increased its dividend annually for the last 54 consecutive years.

Lowe's Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.06 by $0.03. The firm had revenue of $16.86 billion for the quarter, compared to the consensus estimate of $16.99 billion. Lowe's Companies had a net margin of 4.22% and a return on equity of 56.78%. During the same quarter in the prior year, the company earned $0.87 earnings per share.

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Are Lowe's Companies, Inc. Analysts expect that Lowe's Companies will post $4.62 EPS for the current fiscal year. After the latest check-in, shares are -10.92% off of the 50 day high and 1.44% away from the 50 day low number. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & global copyright & trademark laws. The original version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/07/20/1060-capital-llc-invests-24-66-million-in-lowes-companies-inc-low.html.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. RBC Capital Markets maintained the shares of LOW in report on Wednesday, July 5 with "Buy" rating. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Monday, July 24th. Lowe's Companies's payout ratio is now 44.03%. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods.

In related news, insider Richard D. Maltsbarger sold 11,672 shares of Lowe's Companies stock in a transaction that occurred on Tuesday, May 30th. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The stock decreased 0.89% or $0.006 on July 18, reaching $0.654.

Other large investors have also recently modified their holdings of the company. I.G. Investment Management LTD. boosted its position in Lowe's Companies by 406.9% in the fourth quarter. The Iridian Asset Management Llc holds 5.98 million shares with $425.20 million value, up from 4.94M last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Lowe's Companies during the first quarter worth approximately $109,000. First Bank & Trust now owns 1,421 shares of the home improvement retailer's stock worth $117,000 after buying an additional 147 shares during the period. Washington Trust Bank increased its stake in shares of Lowe's Companies by 27.4% in the first quarter. United Capital Financial Advisers LLC now owns 230,750 shares of the home improvement retailer's stock valued at $16,411,000 after buying an additional 3,797 shares during the last quarter. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space.

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