After Today’s Bearish Options Activity, Is Lowe’s Companies, Inc.’s Near-Term Analysis Positive?

 After Today's Bearish Options Activity, Is Lowe's Companies, Inc.'s Near Term Analysis Positive?

In today’s session Lowe’s Companies, Inc. (LOW) recorded an unusually high (418) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious LOW decrease. With 418 contracts traded and 9654 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: LOW161216P00067500 closed last at: $2.4 or 22.6% down. About 2.14 million shares traded hands. Lowe’s Companies, Inc. (NYSE:LOW) has declined 11.33% since April 7, 2016 and is downtrending. It has underperformed by 16.12% the S&P500.

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

Out of 18 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 9 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 50% are positive. $94 is the highest target while $69 is the lowest. The $83.18 average target is 25.48% above today’s ($66.29) stock price. Lowe’s Companies Inc. has been the topic of 27 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The rating was maintained by Argus Research with “Buy” on Thursday, August 20. The firm earned “Buy” rating on Tuesday, August 2 by Stifel Nicolaus. The firm has “Buy” rating given on Friday, May 20 by Citigroup. The stock of Lowe’s Companies, Inc. (NYSE:LOW) earned “Buy” rating by Argus Research on Thursday, November 19. RBC Capital Markets maintained Lowe’s Companies, Inc. (NYSE:LOW) on Thursday, November 19 with “Outperform” rating. The stock of Lowe’s Companies, Inc. (NYSE:LOW) earned “Neutral” rating by Piper Jaffray on Monday, October 31. BMO Capital Markets maintained the shares of LOW in a report on Monday, August 22 with “Outperform” rating. Wedbush downgraded Lowe’s Companies, Inc. (NYSE:LOW) rating on Wednesday, October 26. Wedbush has “Neutral” rating and $73 price target. PiperJaffray downgraded Lowe’s Companies, Inc. (NYSE:LOW) on Monday, October 31 to “Neutral” rating. The firm has “Buy” rating given on Thursday, November 19 by Zelman.

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 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.
Bnp Paribas Sa holds 0.65% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW) for 976,612 shares. Envestnet Asset Inc has 173,567 shares for 0.05% of their US portfolio. Cap Fund holds 0.43% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW) for 577,905 shares. Wg Shaheen & Assoc Dba Whitney & holds 0.09% or 2,700 shares in its portfolio. Renaissance Technology Limited Liability Corp holds 0.03% or 230,100 shares in its portfolio. X Management Limited Liability Corporation last reported 1,555 shares in the company. Kelly Lawrence W And Assoc Ca holds 0.01% or 488 shares in its portfolio. Alexandria Capital Ltd Liability has invested 0.03% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Johnson Gru has invested 0.68% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Princeton Port Strategies Gp Inc Ltd Liability Co reported 4,438 shares or 0.11% of all its holdings. James has invested 0% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Clearbridge Invests Llc, a New York-based fund reported 145,026 shares. Kanawha Capital Management Ltd Liability Corp, a Virginia-based fund reported 229,205 shares. Next Financial Grp holds 0.05% or 1,850 shares in its portfolio. Oregon Public Employees Retirement Fund last reported 0.41% of its portfolio in the stock.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 5 selling transactions for $23.60 million net activity. Peace Nelson B also sold $2.21M worth of Lowe’s Companies, Inc. (NYSE:LOW) shares. Shares for $1.02 million were sold by Maltsbarger Richard D on Tuesday, May 31. 104,120 shares with value of $8.26M were sold by DAMRON RICKY D on Monday, May 23. $1.42 million worth of Lowe’s Companies, Inc. (NYSE:LOW) was sold by Hollifield Matthew V. 134,000 shares were sold by HULL ROBERT F JR, worth $10.69 million.

Lowe’s Companies, Inc. is a home improvement retailer. The company has a market cap of $57.62 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 21.3 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.

Another recent and important Lowe’s Companies, Inc. (NYSE:LOW) news was published by Prnewswire.com which published an article titled: “Lowe’s Companies, Inc. Invites You to Join Its Third Quarter 2016 Earnings …” on November 09, 2016.

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