How Analysts Feel About Lowe’s Companies, Inc. After Today’s Bearish Options Activity?

 How Analysts Feel About Lowe's Companies, Inc. After Today's Bearish Options Activity?

In today’s session Lowe’s Companies, Inc. (LOW) recorded an unusually high (1,625) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious LOW decrease. With 1,625 contracts traded and 60394 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: LOW161021P00069500 closed last at: $0.37 or 12.1% up. About 1.71 million shares traded hands. Lowe’s Companies, Inc. (NYSE:LOW) has declined 1.92% since March 14, 2016 and is downtrending. It has underperformed by 7.54% the S&P500.

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

Out of 15 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. Lowe’s Companies Inc. has been the topic of 23 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, August 22 by BMO Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, November 19. Argus Research maintained Lowe’s Companies, Inc. (NYSE:LOW) on Thursday, August 20 with “Buy” rating. The firm has “Hold” rating by Zacks given on Thursday, August 20. Topeka Capital Markets initiated Lowe’s Companies, Inc. (NYSE:LOW) on Tuesday, May 24 with “Hold” rating. The firm has “Hold” rating by Jefferies given on Friday, May 13. The firm earned “Buy” rating on Friday, May 20 by Citigroup. On Tuesday, November 24 the stock rating was upgraded by Atlantic Securities to “Overweight”. Argus Research maintained Lowe’s Companies, Inc. (NYSE:LOW) on Thursday, November 19 with “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, August 2.

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 2016 Q2. Its down 0.12, from 0.97 in 2016Q1. The ratio dropped, 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.
Ikos Cif last reported 5,950 shares in the company. Condor Mgmt accumulated 0.65% or 34,413 shares. Td Mgmt Limited Liability Co has invested 0.02% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Mark Sheptoff Financial Planning Ltd has 0.06% invested in the company for 1,037 shares. Sequent Asset Mngmt Ltd has 18,339 shares for 0.96% of their US portfolio. Jaffetilchin Invest Partners Llc accumulated 0.25% or 10,499 shares. Boston Common Asset Mgmt Limited Liability accumulated 108,053 shares or 0.49% of the stock. Moreover, Grantham Mayo Van Otterloo Ltd has 0.05% invested in Lowe’s Companies, Inc. (NYSE:LOW) for 160,029 shares. Trexquant Inv Lp holds 0.1% or 9,600 shares in its portfolio. Lmr Prns Limited Liability Partnership reported 27,532 shares or 0.34% of all its holdings. Primecap Mngmt Ca holds 0.08% or 915,900 shares in its portfolio. Ajo Ltd Partnership has 0.05% invested in the company for 142,754 shares. Bailard Inc has invested 0.03% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Van Eck Assocs Corporation holds 89,792 shares or 0.04% of its portfolio. Ahl Ltd Liability Partnership has 0.03% invested in the company for 7,197 shares.

Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 5 sales for $23.60 million net activity. $8.26 million worth of shares were sold by DAMRON RICKY D on Monday, May 23. Peace Nelson B sold $2.21M worth of stock or 27,720 shares. The insider Hollifield Matthew V sold $1.42M. 12,656 Lowe’s Companies, Inc. (NYSE:LOW) shares with value of $1.02 million were sold by Maltsbarger Richard D. HULL ROBERT F JR also sold $10.69 million worth of Lowe’s Companies, Inc. (NYSE:LOW) shares.

Lowe’s Companies, Inc. is a home improvement retailer. The company has a market cap of $61.74 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 22.6 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 recent Lowe’s Companies, Inc. (NYSE:LOW) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Graham Holdings, Yum! Brands and Lowe’s Companies” on October 13, 2016. Also Nasdaq.com published the news titled: “Lowe’s Companies, Inc. (LOW) Ex-Dividend Date Scheduled for October 17, 2016” on October 14, 2016. Schaeffersresearch.com‘s news article titled: “Options Traders Target Home Depot Inc, Lowe’s Companies, Inc. as Hurricane …” with publication date: October 06, 2016 was also an interesting one.

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