Noteworthy Price Action: Is Lowe’s Companies, Inc. a Buy? The Stock Rises Again

Noteworthy Price Action: Is Lowe's Companies, Inc. a Buy? The Stock Rises Again

The stock of Lowe’s Companies, Inc. (NYSE:LOW) is a huge mover today! About 1.23M shares traded hands. Lowe’s Companies, Inc. (NYSE:LOW) has declined 1.07% since March 9, 2016 and is downtrending. It has underperformed by 8.49% the S&P500.
The move comes after 5 months positive chart setup for the $61.46 billion company. It was reported on Oct, 12 by Barchart.com. We have $118.82 PT which if reached, will make NYSE:LOW worth $41.18B more.

Lowe’s Companies, Inc. (NYSE:LOW) Ratings Coverage

Out of 15 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. Lowe’s Companies Inc. has been the topic of 23 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The rating was maintained by Argus Research with “Buy” on Thursday, August 20. The firm has “Buy” rating by Longbow given on Friday, August 14. The company was maintained on Wednesday, April 6 by Goldman Sachs. Citigroup upgraded Lowe’s Companies, Inc. (NYSE:LOW) on Friday, May 20 to “Buy” rating. As per Tuesday, November 24, the company rating was upgraded by Atlantic Securities. Topeka Capital Markets initiated the stock with “Hold” rating in Tuesday, May 24 report. The stock has “Hold” rating given by S&P Research on Wednesday, August 19. The rating was upgraded by Zelman on Thursday, November 19 to “Buy”. BMO Capital Markets maintained Lowe’s Companies, Inc. (NYSE:LOW) on Monday, August 22 with “Outperform” rating. Argus Research maintained the shares of LOW in a report on Thursday, November 19 with “Buy” rating.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.12, from 0.97 in 2016Q1. The ratio dropped, as 52 funds sold all Lowe’s Companies, Inc. shares owned while 457 reduced positions. 92 funds bought stakes while 340 increased positions. They now own 632.90 million shares or 7.44% less from 683.76 million shares in 2016Q1.
Gabelli Funds Ltd Liability Corp owns 90,000 shares or 0.04% of their US portfolio. The New York-based D E Shaw & Company has invested 0.16% in Lowe’s Companies, Inc. (NYSE:LOW). Bp Public Limited Company reported 115,000 shares or 0.36% of all its holdings. The Maine-based Schroder Investment Mngmt Grp Inc has invested 0.08% in Lowe’s Companies, Inc. (NYSE:LOW). Andra Ap owns 131,000 shares or 0.26% of their US portfolio. Sustainable Growth Advisers Lp, a Connecticut-based fund reported 2.87M shares. The California-based Partnervest Advisory Serv Limited Liability Company has invested 0.12% in Lowe’s Companies, Inc. (NYSE:LOW). Pacific Global Invest Mngmt Com last reported 0.58% of its portfolio in the stock. Catawba Va has invested 2.26% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Homrich And Berg has 0.02% invested in the company for 2,612 shares. Loring Wolcott Coolidge Fiduciary Advsrs Llp Ma accumulated 26,687 shares or 0.05% of the stock. London Of Virginia accumulated 4.24M shares or 2.59% of the stock. Norinchukin Fincl Bank The holds 110,763 shares or 0.21% of its portfolio. Thompson Davis holds 0.3% or 2,349 shares in its portfolio. Mitsubishi Ufj Securities Limited has 0.23% invested in the company for 1,650 shares.

Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 5 insider sales for $23.60 million net activity. DAMRON RICKY D sold $8.26M worth of stock. HULL ROBERT F JR had sold 134,000 shares worth $10.69M. Peace Nelson B sold $2.21 million worth of Lowe’s Companies, Inc. (NYSE:LOW) on Monday, May 23. Another trade for 17,976 shares valued at $1.42 million was sold by Hollifield Matthew V. $1.02 million worth of shares were sold by Maltsbarger Richard D on Tuesday, May 31.

More important recent Lowe’s Companies, Inc. (NYSE:LOW) news were published by: Fool.com which released: “Better Buy: Wal-Mart Stores, Inc. vs. Lowe’s Companies, Inc.” on September 13, 2016, also Nasdaq.com published article titled: “Lowe’s Companies (LOW) Shares Cross 2% Yield Mark”, Schaeffersresearch.com published: “Options Traders Target Home Depot Inc, Lowe’s Companies, Inc. as Hurricane …” on October 06, 2016. More interesting news about Lowe’s Companies, Inc. (NYSE:LOW) was released by: Benzinga.com and their article: “Todd Gordon’s Lowe’s Trade” with publication date: October 07, 2016.

LOW Company Profile

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.

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