Lowe’s Companies, Inc. (NYSE:LOW) saw some unusual options trading on Tuesday. Traders bought 23,265 call options on the stock. This is an increase of approximately 109% compared to the typical daily volume of 11,139 call options.

Lowe’s Companies (LOW) opened at 74.12 on Friday. The stock has a 50 day moving average price of $76.56 and a 200-day moving average price of $79.46. The company has a market capitalization of $62.57 billion, a PE ratio of 23.24 and a beta of 1.08. Lowe’s Companies has a 52 week low of $64.87 and a 52 week high of $86.25.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.06 by $0.03. The business had revenue of $16.86 billion during the quarter, compared to the consensus estimate of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. On average, equities analysts predict that Lowe’s Companies will post $4.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Wednesday, July 26th were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, July 24th. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 annualized dividend and a yield of 2.21%. Lowe’s Companies’s payout ratio is currently 51.57%.

In other news, insider Richard D. Maltsbarger sold 11,672 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total value of $936,094.40. Following the transaction, the insider now owns 37,716 shares of the company’s stock, valued at $3,024,823.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. SRS Capital Advisors Inc. increased its stake in Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 5 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in Lowe’s Companies by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock valued at $275,000 after buying an additional 13 shares in the last quarter. Winfield Associates Inc. increased its stake in Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock valued at $196,000 after buying an additional 15 shares in the last quarter. Modera Wealth Management LLC increased its stake in Lowe’s Companies by 0.3% in the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock valued at $405,000 after buying an additional 15 shares in the last quarter. Finally, Alps Advisors Inc. increased its stake in Lowe’s Companies by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock valued at $453,000 after buying an additional 15 shares in the last quarter. 74.65% of the stock is owned by institutional investors and hedge funds.

LOW has been the topic of several research reports. Jefferies Group LLC upped their target price on Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, May 12th. Zacks Investment Research downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Longbow Research reaffirmed a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a research report on Monday. Vetr raised Lowe’s Companies from a “strong sell” rating to a “hold” rating and set a $83.11 target price on the stock in a research report on Monday, April 24th. Finally, BidaskClub raised Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. Lowe’s Companies currently has an average rating of “Hold” and an average target price of $85.63.

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Lowe’s Companies 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.

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