Will Lowe’s Companies, Inc. Go Down Anytime Soon? Option Trader Doubt That

 Will Lowe's Companies, Inc. Go Down Anytime Soon? Option Trader Doubt That

In today’s session Lowe’s Companies, Inc. (LOW) registered an unusually high (2,815) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious LOW increase. With 2,815 contracts traded and 4754 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: LOW161118C00077500 closed last at: $0.49 or 22.5% up. About 3.00 million shares traded hands. Lowe’s Companies, Inc. (NYSE:LOW) has risen 3.32% since March 3, 2016 and is uptrending. It has underperformed by 5.03% the S&P500.

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

Out of 14 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 10 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 71% are positive. Lowe’s Companies Inc. has been the topic of 22 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The stock of Lowe’s Companies, Inc. (NYSE:LOW) earned “Hold” rating by Jefferies on Friday, May 13. Stifel Nicolaus reinitiated Lowe’s Companies, Inc. (NYSE:LOW) on Tuesday, August 2 with “Buy” rating. The stock of Lowe’s Companies, Inc. (NYSE:LOW) has “Buy” rating given on Friday, August 14 by Longbow. The rating was maintained by Argus Research on Thursday, August 20 with “Buy”. The rating was upgraded by Atlantic Securities to “Overweight” on Tuesday, November 24. The stock of Lowe’s Companies, Inc. (NYSE:LOW) earned “Buy” rating by Argus Research on Thursday, November 19. On Wednesday, April 6 the stock rating was maintained by Goldman Sachs with “Buy”. Zacks downgraded Lowe’s Companies, Inc. (NYSE:LOW) on Thursday, August 20 to “Hold” rating. As per Monday, August 22, the company rating was maintained by BMO Capital Markets. Citigroup upgraded the stock to “Buy” rating in Friday, May 20 report.

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 is negative, 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.
Federated Pa has 0.07% invested in the company for 285,144 shares. The Minnesota-based Mairs has invested 0.01% in Lowe’s Companies, Inc. (NYSE:LOW). Brown Advisory Secs Lc has 0.13% invested in the company for 5,105 shares. Usca Ria Limited Liability Company owns 4,841 shares or 0.06% of their US portfolio. South Dakota Invest Council has 102,200 shares for 0.18% of their US portfolio. Signature Financial Inc reported 3,150 shares or 0.12% of all its holdings. Arizona State Retirement System has 0.27% invested in the company for 244,944 shares. Next Fincl Group Incorporated holds 0.05% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW) for 1,850 shares. Quantitative Inv Mgmt Ltd Liability Corporation holds 0.69% or 186,500 shares in its portfolio. Joel Isaacson & Co Ltd Company owns 1,775 shares or 0.03% of their US portfolio. The Japan-based Fukoku Mutual Life Ins has invested 0.07% in Lowe’s Companies, Inc. (NYSE:LOW). Mrj Cap Inc holds 3.99% or 74,100 shares in its portfolio. Yhb has invested 0.32% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Triangle Securities Wealth Management has 2.23% invested in the company for 37,687 shares. Signature Advsrs Lc last reported 147,199 shares in the company.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 5 sales for $23.60 million net activity. On Monday, May 23 HULL ROBERT F JR sold $10.69M worth of the stock or 134,000 shares. The insider Hollifield Matthew V sold 17,976 shares worth $1.42M. $1.02M worth of Lowe’s Companies, Inc. (NYSE:LOW) was sold by Maltsbarger Richard D on Tuesday, May 31. Another trade for 104,120 shares valued at $8.26M was made by DAMRON RICKY D on Monday, May 23. Peace Nelson B also sold $2.21M worth of Lowe’s Companies, Inc. (NYSE:LOW) on Monday, May 23.

Lowe’s Companies, Inc. is a home improvement retailer. The company has a market cap of $62.32 billion. The Firm operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. It has a 23.03 P/E ratio. 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.

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.

More news for Lowe’s Companies, Inc. (NYSE:LOW) were recently published by: Seekingalpha.com, which released: “Robust Cashflow And Revenue Prospects Make Lowe’s A Buy” on October 06, 2016. Fool.com‘s article titled: “Better Buy: Wal-Mart Stores, Inc. vs. Lowe’s Companies, Inc.” and published on September 13, 2016 is yet another important article.

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