Price Don’t Lie: A Reversal for Lowe’s Companies, Inc. Is Not Near. The Stock Rises Again

Price Don't Lie: A Reversal for Lowe's Companies, Inc. Is Not Near. The Stock Rises Again

The stock of Lowe’s Companies, Inc. (NYSE:LOW) is a huge mover today! About 1.94 million shares traded hands. Lowe’s Companies, Inc. (NYSE:LOW) has declined 7.57% since April 11, 2016 and is downtrending. It has underperformed by 13.72% the S&P500.
The move comes after 9 months positive chart setup for the $62.60B company. It was reported on Nov, 11 by Barchart.com. We have $91.57 PT which if reached, will make NYSE:LOW worth $19.41B more.

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. Lowe’s Companies Inc. has been the topic of 27 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Topeka Capital Markets initiated Lowe’s Companies, Inc. (NYSE:LOW) on Tuesday, May 24 with “Hold” rating. BMO Capital Markets maintained Lowe’s Companies, Inc. (NYSE:LOW) rating on Monday, August 22. BMO Capital Markets has “Outperform” rating and $86 price target. Cantor Fitzgerald maintained Lowe’s Companies, Inc. (NYSE:LOW) on Wednesday, August 19 with “Hold” rating. On Monday, October 31 the stock rating was downgraded by PiperJaffray to “Neutral”. The stock of Lowe’s Companies, Inc. (NYSE:LOW) has “Buy” rating given on Wednesday, April 6 by Goldman Sachs. Jefferies maintained Lowe’s Companies, Inc. (NYSE:LOW) on Friday, May 13 with “Hold” rating. The rating was upgraded by Citigroup on Friday, May 20 to “Buy”. Piper Jaffray downgraded the stock to “Neutral” rating in Monday, October 31 report. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, November 19. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, October 26.

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.
Moody Bank & Trust Division owns 24,200 shares or 0.11% of their US portfolio. Franklin Resource, a California-based fund reported 2.16M shares. Parsec Fin Inc has 1.54% invested in the company for 202,239 shares. Landscape Cap Mgmt Limited Com, a New Jersey-based fund reported 20,253 shares. Waters Parkerson & Company Lc, a Louisiana-based fund reported 90,477 shares. Herndon Capital Management Limited Liability Co, a Georgia-based fund reported 82 shares. Cobblestone Cap Advsr Lc Ny has invested 0.08% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). 1832 Asset Mngmt Ltd Partnership has 1,900 shares for 0% of their US portfolio. Woodstock Corporation reported 6,555 shares or 0.11% of all its holdings. Moreover, Horizon Invs Limited Liability has 0.03% invested in Lowe’s Companies, Inc. (NYSE:LOW) for 4,945 shares. The Tennessee-based Weaver C Barksdale has invested 0.02% in Lowe’s Companies, Inc. (NYSE:LOW). Sumitomo Life Insur holds 0.57% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW) for 52,756 shares. Hsbc Public Limited last reported 0.18% of its portfolio in the stock. Segall Bryant & Hamill Limited Liability has invested 0.09% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Invest Centers Of America has invested 0.08% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW).

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 5 selling transactions for $23.60 million net activity. HULL ROBERT F JR sold 134,000 shares worth $10.69M. Shares for $1.42M were sold by Hollifield Matthew V on Tuesday, May 24. 104,120 shares were sold by DAMRON RICKY D, worth $8.26 million on Monday, May 23. Peace Nelson B had sold 27,720 shares worth $2.21 million. 12,656 Lowe’s Companies, Inc. (NYSE:LOW) shares with value of $1.02M were sold by Maltsbarger Richard D.

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.

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