Traders sold shares of Lowe’s Cos. (NYSE:LOW) on strength during trading on Friday after Jefferies Group lowered their price target on the stock to $69.00. $107.27 million flowed into the stock on the tick-up and $160.02 million flowed out of the stock on the tick-down, for a money net flow of $52.75 million out of the stock. Of all companies tracked, Lowe’s Cos. had the 25th highest net out-flow for the day. Lowe’s Cos. traded up $1.36 for the day and closed at $69.31

A number of other equities analysts have also issued reports on LOW. Vetr raised Lowe’s Cos. from a “hold” rating to a “buy” rating and set a $87.38 price objective for the company in a report on Tuesday, August 2nd. Argus reissued a “buy” rating and issued a $90.00 price objective on shares of Lowe’s Cos. in a report on Thursday, August 18th. Nomura set a $80.00 price objective on Lowe’s Cos. and gave the stock a “hold” rating in a report on Thursday, August 18th. Cantor Fitzgerald reissued a “hold” rating and issued a $70.00 price objective on shares of Lowe’s Cos. in a report on Thursday, August 4th. Finally, Peel Hunt reissued a “buy” rating and issued a $90.00 price objective on shares of Lowe’s Cos. in a report on Thursday, November 3rd. Twelve analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $82.36.

Several large investors have recently modified their holdings of the stock. Arizona State Retirement System increased its stake in shares of Lowe’s Cos. by 0.8% in the first quarter. Arizona State Retirement System now owns 278,044 shares of the home improvement retailer’s stock valued at $21,062,000 after buying an additional 2,200 shares in the last quarter. Thrax Management LLC acquired a new stake in shares of Lowe’s Cos. during the first quarter valued at about $13,437,000. Squarepoint Ops LLC increased its stake in shares of Lowe’s Cos. by 23.3% in the first quarter. Squarepoint Ops LLC now owns 16,492 shares of the home improvement retailer’s stock valued at $1,249,000 after buying an additional 3,121 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Lowe’s Cos. by 2.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 43,370 shares of the home improvement retailer’s stock valued at $3,288,000 after buying an additional 1,035 shares in the last quarter. Finally, M&R Capital Management Inc. increased its stake in shares of Lowe’s Cos. by 12.9% in the first quarter. M&R Capital Management Inc. now owns 3,500 shares of the home improvement retailer’s stock valued at $265,000 after buying an additional 400 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors.

The stock’s 50 day moving average is $69.38 and its 200 day moving average is $75.76. The firm has a market cap of $60.62 billion, a P/E ratio of 22.47 and a beta of 1.25.

Lowe’s Cos. (NYSE:LOW) last posted its quarterly earnings data on Wednesday, November 16th. The home improvement retailer reported $0.88 EPS for the quarter, missing the consensus estimate of $0.96 by $0.08. The company earned $15.70 billion during the quarter, compared to the consensus estimate of $15.86 billion. Lowe’s Cos. had a net margin of 3.91% and a return on equity of 46.46%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, analysts predict that Lowe’s Cos. will post $3.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $1.40 annualized dividend and a yield of 2.02%. Lowe’s Cos.’s dividend payout ratio is currently 51.28%.

Lowe’s Cos. Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company 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.

5 Day Chart for NYSE:LOW

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