Notable Mover: Is Buying Stock Like Lowe’s Companies, Inc. After Such Increase Winning Strategy?

Notable Mover: Is Buying Stock Like Lowe's Companies, Inc. After Such Increase Winning Strategy?

The stock of Lowe’s Companies, Inc. (NYSE:LOW) is a huge mover today! About 6.08M shares traded hands. Lowe’s Companies, Inc. (NYSE:LOW) has declined 12.16% since April 18, 2016 and is downtrending. It has underperformed by 16.59% the S&P500.
The move comes after 7 months positive chart setup for the $61.29 billion company. It was reported on Nov, 18 by Barchart.com. We have $108.50 PT which if reached, will make NYSE:LOW worth $34.94 billion more.

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

Out of 19 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 9 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 47% are positive. Lowe’s Companies Inc. has been the topic of 28 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Zelman on Thursday, November 19. Wedbush downgraded the stock to “Neutral” rating in Wednesday, October 26 report. S&P Research maintained Lowe’s Companies, Inc. (NYSE:LOW) on Wednesday, August 19 with “Hold” rating. Argus Research maintained Lowe’s Companies, Inc. (NYSE:LOW) rating on Thursday, November 19. Argus Research has “Buy” rating and $86 price target. RBC Capital Markets maintained the shares of LOW in a report on Thursday, November 19 with “Outperform” rating. The stock has “Neutral” rating given by PiperJaffray on Monday, October 31. The rating was upgraded by Citigroup on Friday, May 20 to “Buy”. The rating was maintained by Cantor Fitzgerald with “Hold” on Wednesday, August 19. The stock has “Neutral” rating given by Piper Jaffray on Monday, October 31. On Tuesday, May 24 the stock rating was initiated by Topeka Capital Markets with “Hold”.

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 increased to 0.93 in Q2 2016. Its up 0.08, from 0.85 in 2016Q1. The ratio is positive, 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.
Princeton Alpha Management Ltd Partnership last reported 0.59% of its portfolio in the stock. Asset Corporation has 4,457 shares for 0.07% of their US portfolio. Cobblestone Capital Advsr Ltd Liability Com New York has invested 0.08% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Virginia Retirement Et Al has 0.13% invested in the company for 113,200 shares. Eastern National Bank holds 3,000 shares or 0.02% of its portfolio. Laffer Invests holds 25,200 shares or 0% of its portfolio. Bollard Group Lc holds 0.1% or 17,778 shares in its portfolio. Benjamin F Edwards Communications holds 0.76% or 49,080 shares in its portfolio. Next Fin Group Inc Inc last reported 0.05% of its portfolio in the stock. Independent Investors holds 0.5% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW) for 13,000 shares. Nuveen Asset Management Ltd reported 491,836 shares or 0.24% of all its holdings. Gillespie Robinson And Grimm Incorporated has invested 2.26% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Moors And Cabot accumulated 11,316 shares or 0.16% of the stock. Bridgeway Cap Mngmt holds 0.05% or 39,900 shares in its portfolio. Smith Salley & Associates holds 14,748 shares or 0.27% of its portfolio.

Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 5 selling transactions for $23.60 million net activity. $1.42 million worth of shares were sold by Hollifield Matthew V on Tuesday, May 24. On Tuesday, May 31 the insider Maltsbarger Richard D sold $1.02 million. $2.21 million worth of Lowe’s Companies, Inc. (NYSE:LOW) shares were sold by Peace Nelson B. $10.69M worth of Lowe’s Companies, Inc. (NYSE:LOW) was sold by HULL ROBERT F JR. 104,120 Lowe’s Companies, Inc. (NYSE:LOW) shares with value of $8.26 million were sold by DAMRON RICKY D.

More notable recent Lowe’s Companies, Inc. (NYSE:LOW) news were published by: Investorplace.com which released: “Lowe’s Companies, Inc. (LOW) Stock Sinks After Q3 Earnings Results” on November 16, 2016, also Investorplace.com with their article: “Why Lowe’s Companies, Inc. (LOW), PDL BioPharma Inc (PDLI) and Mallinckrodt …” published on November 16, 2016, Investorplace.com published: “3 Big Stock Charts: Target Corporation (TGT), Lowe’s Companies, Inc. (LOW) and …” on November 16, 2016. More interesting news about Lowe’s Companies, Inc. (NYSE:LOW) were released by: Prnewswire.com and their article: “Lowe’s Companies, Inc. Declares Cash Dividend” published on November 11, 2016 as well as Investorplace.com‘s news article titled: “Trade of the Day: Lowe’s Companies, Inc. (NYSE:LOW)” with publication date: November 09, 2016.

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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