In today’s session Lowe’s Companies, Inc. (LOW) recorded an unusually high (822) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious LOW decrease. With 822 contracts traded and 30864 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: LOW170120P00070000 closed last at: $2.32 or 20.3% down. About 1.48 million shares traded hands. Lowe’s Companies, Inc. (NYSE:LOW) has declined 5.59% since April 21, 2016 and is downtrending. It has underperformed by 10.92% the S&P500.
Analysts await Lowe’s Companies, Inc. (NYSE:LOW) to report earnings on February, 22. They expect $0.78 earnings per share, up 32.20% or $0.19 from last year’s $0.59 per share. LOW’s profit will be $703.71 million for 23.13 P/E if the $0.78 EPS becomes a reality. After $0.88 actual earnings per share reported by Lowe’s Companies, Inc. for the previous quarter, Wall Street now forecasts -11.36% negative EPS growth.
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. $94 is the highest target while $69 is the lowest. The $82.50 average target is 14.30% above today’s ($72.18) stock price. Lowe’s Companies Inc. has been the topic of 28 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The rating was downgraded by Telsey Advisory Group to “Market Perform” on Thursday, November 17. Zelman upgraded the stock to “Buy” rating in Thursday, November 19 report. As per Tuesday, August 2, the company rating was reinitiated by Stifel Nicolaus. The firm has “Hold” rating by Cantor Fitzgerald given on Wednesday, August 19. Citigroup upgraded it to “Buy” rating and $90 target price in Friday, May 20 report. The rating was maintained by Jefferies on Friday, May 13 with “Hold”. The rating was downgraded by Piper Jaffray on Monday, October 31 to “Neutral”. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, October 26. The firm has “Hold” rating by Topeka Capital Markets given on Tuesday, May 24. The rating was maintained by Longbow on Friday, August 14 with “Buy”.
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 improved, 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.
State Treasurer State Of Michigan reported 330,095 shares or 0.2% of all its holdings. Mai has 24,845 shares for 0.15% of their US portfolio. Hudock Cap Ltd has invested 0.04% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Natixis Asset Mngmt accumulated 0.04% or 4,415 shares. Moreover, Pax World Mgmt Lc has 0.01% invested in Lowe’s Companies, Inc. (NYSE:LOW) for 2,964 shares. Advisor Limited Liability Company owns 14,856 shares or 0.41% of their US portfolio. Shaker Oh has invested 1.38% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Tdam Usa last reported 48,190 shares in the company. Orrstown Finance Service has invested 0% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Adage Capital Ptnrs Group Incorporated Limited Liability has 1.63 million shares for 0.35% of their US portfolio. First United Fincl Bank Tru last reported 2.27% of its portfolio in the stock. Brighton Jones Lc has 0.05% invested in the company for 3,541 shares. Sequent Asset Ltd, a Texas-based fund reported 18,339 shares. Bridgewater Associate L P last reported 53,800 shares in the company. Thomas White Limited accumulated 0.22% or 18,594 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 1 insider sale for $1.02 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.
Lowe’s Companies, Inc. is a home improvement retailer. The company has a market cap of $65.12 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 26.24 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 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 Forbes.com with their article: “July 2017 Options Now Available For Lowe’s Companies (LOW)” published on November 21, 2016, Prnewswire.com published: “Lowe’s Companies, Inc. Declares Cash Dividend” on November 11, 2016. More interesting news about Lowe’s Companies, Inc. (NYSE:LOW) were released by: Investorplace.com and their article: “Why Lowe’s Companies, Inc. (LOW), PDL BioPharma Inc (PDLI) and Mallinckrodt …” published on November 16, 2016 as well as Investorplace.com‘s news article titled: “3 Big Stock Charts: Target Corporation (TGT), Lowe’s Companies, Inc. (LOW) and …” with publication date: November 16, 2016.
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