Insider Analysis: What after Marshall Croom’s Insider Sale of Lowe’s Companies, Inc. (NYSE:LOW) Stock?

November 30, 2016 - By Winifred Garcia

Insider Analysis: What after Marshall Croom's Insider Sale of Lowe's Companies, Inc. (NYSE:LOW) Stock?

Marshall Croom Insider Sell

Lowes Companies Inc Chief Risk Officer and an insider Marshall Croom not a long ago sold 6,300 company shares with a total value of $450,596 at stock price per share of $71.5. The reported shares were sold on November 30, 2016 and the report that contains the source information, filed with the Security Exchange Commission can be seen here. Presently, Marshall Croom owns 49,294 shares which are equivalent to about 0.01% of the Company’s total market cap (Market Capitalization is a measurement of business value based on share price and number of shares outstanding).

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 16.25% above today’s ($70.97) stock price. Lowe’s Companies Inc. has been the topic of 28 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, November 19 by Argus Research. On Thursday, November 19 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Buy” rating on Thursday, August 20 by Argus Research. The company was downgraded on Thursday, October 6 by Cleveland. The rating was downgraded by PiperJaffray on Monday, October 31 to “Neutral”. The rating was downgraded by Wedbush on Wednesday, October 26 to “Neutral”. Goldman Sachs maintained it with “Buy” rating and $88 target price in Wednesday, April 6 report. The stock has “Neutral” rating given by JP Morgan on Wednesday, October 26. The stock of Lowe’s Companies, Inc. (NYSE:LOW) has “Outperform” rating given on Monday, August 22 by BMO Capital Markets. The stock has “Buy” rating given by Longbow on Friday, August 14.

Insitutional Activity: The institutional sentiment increased to 0.93 in 2016 Q2. 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.

First Citizens Comml Bank And Trust holds 0.64% or 90,756 shares in its portfolio. Clearbridge Limited Liability Corporation has 1.26M shares for 1.99% of their US portfolio. The New Jersey-based Landscape Mngmt Limited Liability Com has invested 0.21% in Lowe’s Companies, Inc. (NYSE:LOW). Cobiz Inv Management Ltd Liability Corporation last reported 72,107 shares in the company. Wesbanco Commercial Bank Inc holds 0.29% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW) for 60,624 shares. Ibm Retirement Fund accumulated 0.34% or 117,700 shares. Thomaspartners last reported 2.17% of its portfolio in the stock. Aqr Capital Mngmt Ltd Company owns 3.26 million shares or 0.46% of their US portfolio. The Japan-based Mizuho Trust Bk Ltd has invested 0.35% in Lowe’s Companies, Inc. (NYSE:LOW). Beech Hill accumulated 1.95% or 36,400 shares. 1832 Asset L P accumulated 1,900 shares or 0% of the stock. Sii Invests Wi has 6,997 shares for 0.04% of their US portfolio. Two Creeks Cap Mngmt Ltd Partnership last reported 10.26% of its portfolio in the stock. Boston Prns, a Massachusetts-based fund reported 1.17M shares. The Pennsylvania-based Bryn Mawr Communications has invested 0.12% in Lowe’s Companies, Inc. (NYSE:LOW).

About 205 shares traded hands. Lowe’s Companies, Inc. (NYSE:LOW) has declined 8.10% since April 27, 2016 and is downtrending. It has underperformed by 13.32% the S&P500.

Lowe’s Companies, Inc. is a home improvement retailer. The company has a market cap of $61.42 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 25.71 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.

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.”

Analysts await Lowe’s Companies, Inc. (NYSE:LOW) to report earnings on February, 22. They expect $0.78 EPS, up 32.20% or $0.19 from last year’s $0.59 per share. LOW’s profit will be $675.04M for 22.75 P/E if the $0.78 EPS becomes a reality. After $0.88 actual EPS reported by Lowe’s Companies, Inc. for the previous quarter, Wall Street now forecasts -11.36% negative EPS growth.

More important recent Lowe’s Companies, Inc. (NYSE:LOW) news were published by: Prnewswire.com which released: “Lowe’s Companies, Inc. Declares Cash Dividend” on November 11, 2016, also Investorplace.com published article titled: “Lowe’s Companies, Inc. (LOW) Stock Sinks After Q3 Earnings Results”, Forbes.com published: “July 2017 Options Now Available For Lowe’s Companies (LOW)” on November 21, 2016. More interesting news about Lowe’s Companies, Inc. (NYSE:LOW) was released by: Investorplace.com and their article: “Why Lowe’s Companies, Inc. (LOW), PDL BioPharma Inc (PDLI) and Mallinckrodt ..” with publication date: November 16, 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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