Insider Selling: Maureen K. Ausura Sells 15,979 Shares of Lowe's Companies Stock (LOW)
Lowe's Companies (NYSE:LOW) Insider Maureen K. Ausura sold 15,979 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $52.48, for a total transaction of $838,577.92. Following the completion of the transaction, the insider now directly owns 64,510 shares of the company’s stock, valued at approximately $3,385,485. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Lowe's Companies (NYSE:LOW) traded up 0.32% on Monday, hitting $52.70. The stock had a trading volume of 3,757,220 shares. Lowe's Companies has a 1-year low of $44.13 and a 1-year high of $53.04. The stock’s 50-day moving average is $48.72 and its 200-day moving average is $47.69. The company has a market cap of $52.226 billion and a P/E ratio of 21.93.
Lowe's Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 20th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.02 by $0.02. The company had revenue of $16.60 billion for the quarter, compared to the consensus estimate of $16.57 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts expect that Lowe's Companies will post $2.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.75%.
LOW has been the subject of a number of recent research reports. Analysts at Argus raised their price target on shares of Lowe's Companies from $58.00 to $60.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lowe's Companies in a research note on Thursday. They now have a $58.00 price target on the stock, up previously from $54.00. Finally, analysts at Bank of America raised their price target on shares of Lowe's Companies to $61.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Lowe's Companies presently has a consensus rating of “Buy” and an average price target of $53.77.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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