November 24, 2016 - By Dolores Ford · 0 Comments
Lowes Companies Inc (NYSE:LOW) institutional sentiment increased to 0.93 in Q2 2016. Its up 0.08, from 0.85 in 2016Q1. The ratio is more positive, as 432 investment managers started new or increased stock positions, while 509 cut down and sold equity positions in Lowes Companies Inc. The investment managers in our partner’s database reported: 632.90 million shares, down from 683.76 million shares in 2016Q1. Also, the number of investment managers holding Lowes Companies Inc in their top 10 stock positions decreased from 62 to 58 for a decrease of 4. Sold All: 52 Reduced: 457 Increased: 340 New Position: 92.
Lowe’s Companies, Inc. is a home improvement retailer. The company has a market cap of $64.75 billion. The Firm operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. It has a 26.1 P/E ratio. The Firm operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.
The stock increased 0.24% or $0.17 on November 23, hitting $71.77. About 5.51 million shares traded hands. Lowe’s Companies, Inc. (NYSE:LOW) has declined 5.63% since April 22, 2016 and is downtrending. It has underperformed by 11.04% the S&P500.
Analysts await Lowe’s Companies, Inc. (NYSE:LOW) to report earnings on February, 22. They expect $0.78 earnings per share, up 32.20% or $0.19 from last year’s $0.59 per share. LOW’s profit will be $703.71 million for 23.00 P/E if the $0.78 EPS becomes a reality. After $0.88 actual earnings per share reported by Lowe’s Companies, Inc. for the previous quarter, Wall Street now forecasts -11.36% negative EPS growth.
According to Zacks Investment Research, “Lowe’s Companies Inc. is a retailer of home improvement products in the world, with specific emphasis on retail do-it-yourself and commercial business customers. Lowe’s specializes in offering products and services for home improvement, home decor, home maintenance, home repair and remodeling and maintenance of commercial buildings. Lowe’s principal customer groups are do-it-yourself retail customers and commercial business customers.”
Ironsides Asset Advisors Llc holds 31.84% of its portfolio in Lowe’s Companies, Inc. for 1.32 million shares. Greenhaven Associates Inc owns 8.31 million shares or 12.91% of their US portfolio. Moreover, Two Creeks Capital Management Lp has 10.26% invested in the company for 1.96 million shares. The Washington-based Icm Asset Management Inc Wa has invested 8.87% in the stock. Lionstone Capital Management Llc, a New York-based fund reported 161,700 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 sale for $1.02 million net activity.
Ratings analysis reveals 47% of Lowe’s Companies Inc.’s analysts are positive. Out of 19 Wall Street analysts rating Lowe’s Companies Inc., 9 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $69 while the high is $94. The stock’s average target of $82.50 is 14.95% above today’s ($71.77) share price. LOW was included in 28 notes of analysts from August 19, 2015. Cleveland downgraded the stock to “Neutral” rating in Thursday, October 6 report. On Wednesday, August 19 the stock rating was maintained by Cantor Fitzgerald with “Hold”. Atlantic Securities upgraded the stock to “Overweight” rating in Tuesday, November 24 report. Goldman Sachs maintained Lowe’s Companies, Inc. (NYSE:LOW) on Wednesday, April 6 with “Buy” rating. The stock has “Hold” rating given by Jefferies on Friday, May 13. The stock has “Neutral” rating given by PiperJaffray on Monday, October 31. On Thursday, November 17 the stock rating was downgraded by Telsey Advisory Group to “Market Perform”. The stock of Lowe’s Companies, Inc. (NYSE:LOW) has “Buy” rating given on Tuesday, August 2 by Stifel Nicolaus. The firm earned “Buy” rating on Thursday, November 19 by Zelman. The company was downgraded on Wednesday, October 26 by Wedbush.
Lowe’s Companies, Inc. (Lowe’s), incorporated on August 1, 1952, is a home improvement retailer. The Firm operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Firm operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico. The Firm operates through the home improvement retail activities segment. The Firm serves homeowners, renters and professional clients (Pro customers). The Company’s retail clients consist of individual homeowners and renters. The Pro customer consists of approximately two categories, such as construction trades, and maintenance, repair and operations.
More notable recent Lowe’s Companies, Inc. (NYSE:LOW) news were published by: Prnewswire.com which released: “Lowe’s Companies, Inc. Declares Cash Dividend” on November 11, 2016, also Investorplace.com with their article: “Lowe’s Companies, Inc. (LOW) Stock Sinks After Q3 Earnings Results” published on November 16, 2016, Forbes.com published: “July 2017 Options Now Available For Lowe’s Companies (LOW)” on November 21, 2016. More interesting news about Lowe’s Companies, Inc. (NYSE:LOW) were released by: Investorplace.com and their article: “Why Lowe’s Companies, Inc. (LOW), PDL BioPharma Inc (PDLI) and Mallinckrodt …” published on November 16, 2016 as well as Investorplace.com‘s news article titled: “3 Big Stock Charts: Target Corporation (TGT), Lowe’s Companies, Inc. (LOW) and …” with publication date: November 16, 2016.
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By Dolores Ford