Lowe’s Companies, Inc. (NYSE:LOW) SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at $2,407,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Lowe’s Companies, Inc. (NYSE:LOW) traded down 0.23% on Tuesday, reaching $79.16. The company had a trading volume of 882,045 shares. The stock’s 50-day moving average price is $76.25 and its 200-day moving average price is $79.59. The stock has a market capitalization of $65.93 billion, a P/E ratio of 22.48 and a beta of 1.07. Lowe’s Companies, Inc. has a 12-month low of $64.87 and a 12-month high of $86.25. Lowe’s Companies also was the target of unusually large options trading on Monday. Stock investors purchased 21,236 call options on the company. This is an increase of approximately 152% compared to the typical daily volume of 8,438 call options.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same period in the previous year, the business earned $1.37 EPS. The business’s revenue was up 6.8% on a year-over-year basis. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post $4.50 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be issued a $0.41 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.07%. Lowe’s Companies’s payout ratio is currently 46.20%.

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Several research firms recently weighed in on LOW. Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $81.00 target price on shares of Lowe’s Companies in a research note on Monday. BidaskClub raised shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Longbow Research reissued a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a research note on Monday, August 14th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $89.00 target price on shares of Lowe’s Companies in a research note on Thursday, July 20th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $85.00.

Several large investors have recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. raised its holdings in shares of Lowe’s Companies by 0.4% during the 1st 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. Harbour Capital Advisors LLC purchased a new position in shares of Lowe’s Companies during the 1st quarter valued at about $103,000. Atlantic Trust LLC purchased a new position in shares of Lowe’s Companies during the 2nd quarter valued at about $105,000. Hanson McClain Inc. raised its holdings in shares of Lowe’s Companies by 3.5% during the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after buying an additional 45 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Lowe’s Companies by 8.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 110 shares in the last quarter. 74.20% of the stock is currently owned by hedge funds and other institutional investors.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

Insider Buying and Selling by Quarter for Lowe`s Companies (NYSE:LOW)

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