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Lowe's Companies, Inc. Stock Takes a Hit on Big Earnings Miss

02 March 2018

The stock has "Hold" rating by RBC Capital Markets on Sunday, July 30. (NYSE:LOW) rating on Monday, January 22. Telsey Advisory Group has "Market Perform" rating and $75 target. On Tuesday, July 18 the stock rating was maintained by BMO Capital Markets with "Buy". The rating was downgraded by Wedbush on Wednesday, October 26 to "Neutral". $1.30M worth of stock was sold by Kerr - II James Y on Friday, October 20. (LOW) declined -6.47% and closed its last trading session at $89.59.

(LOW) stake by 4.15% reported in 2017Q3 SEC filing. The Proxima Capital Management Llc holds 50,000 shares with $2.20 million value, down from 215,000 last quarter. Lord Abbett & Company who had been investing in Lowes Cos Inc Com for a number of months, seems to be bullish on the $72.53B market cap company.

Lowe's Companies, Inc. (NYSE:LOW) now has a Weekly Volatility of 2.65% percent while its Monthly Volatility is at 3.08% percent. 15,155,969 shares of the company's stock traded hands, compared to its average volume of 7,180,000.

Lowe's Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 28th. It has underperformed by 10.78% the S&P500. Its up 0.14, from 1.04 in 2017Q2. It dived, as 24 investors sold Celanese Corporation shares while 162 reduced holdings. 30 funds opened positions while 53 raised stakes. Ameritas owns 57,910 shares or 0.21% of their U.S. portfolio. Segall Bryant Hamill Limited Liability Company, a Illinois-based fund reported 44,039 shares. Security Trust Com invested in 0.03% or 1,800 shares.

Now insiders hold 3,168,345 shares in the business which makes up 0.38% of shares. Renaissance Lc reported 669,300 shares stake. St Johns Invest Mngmt Ltd Liability invested in 15,674 shares. BOWERS WILLIAM P also sold $4.26 million worth of The Southern Company (NYSE:SO) shares. The SI to Danaos Corporation's float is 0.36%. Moreover, Cambridge Inv Rech Advsr has 0.1% invested in Lowe's Companies, Inc. Mufg Americas Hldg, New York-based fund reported 669 shares. Deutsche Bankshares Ag stated it has 454,479 shares. Engineers Gate Manager Ltd Partnership owns 38,177 shares. Ironwood Financial holds 200 shares. The company has market cap of $135.72 million. The companyÂ's Advanced Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics. It has a 1.7 P/E ratio. About 168,897 shares traded. Era Group Inc. (ERA) has risen 8.00% since February 27, 2017 and is uptrending. It has outperformed by 0.45% the S&P500. The company had revenue of $15.49 billion during the quarter, compared to the consensus estimate of $15.34 billion. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have issued a buy rating to the company's stock. Therefore 67% are positive. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Lowe's Companies by 2,147.5% during the 3rd quarter. Santa Barbara Asset Management Llc bought 164,335 shares as the company's stock rose 10.23% with the market. It is positive, as 76 investors sold LOW shares while 406 reduced holdings. The firm has "Buy" rating given on Thursday, September 3 by Jefferies.

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1/24/2018-Stifel Nicolaus Reiterated Rating of Buy. Robert W. Baird has "Neutral" rating and $20 target. RBC Capital Markets maintained Lowe's Companies, Inc. KeyBanc Capital Markets maintained Lowe's Companies, Inc.

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.73, from 2.58 in 2017Q2.

Several hedge funds and other institutional investors have recently modified their holdings of LOW. Xact Kapitalforvaltning AB now owns 142,355 shares of the home improvement retailer's stock valued at $13,230,000 after buying an additional 8,605 shares during the last quarter. Hyman Charles D accumulated 4,455 shares. 525.28 million shares or 0.91% more from 520.53 million shares in 2017Q2 were reported. Bankshares Of Ny Mellon holds 0.01% or 929,532 shares. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Lowe's Companies in the 2nd quarter worth about $233,000. (NYSE:LOW) have moved to the upside over that time frame. Currently, Lowe's Companies, Inc. Vnbtrust National Association reported 0.2% stake. (NASDAQ:EXPE). Strategic Serv holds 17,010 shares or 0.4% of its portfolio. Front Barnett Associates accumulated 177,715 shares. Nomura Incorporated holds 0.02% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW) earned "Outperform" rating by Credit Suisse on Thursday, August 24. Finally, Alyeska Investment Group L.P. raised its stake in shares of Lowe's Companies by 196.8% during the third quarter. Lombard Odier Asset (Europe) stated it has 0.05% in Lowe's Companies, Inc. The home improvement retailer reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.87 by ($0.13). LOW's profit will be $730.21M for 27.36 P/E if the $0.88 EPS becomes a reality. State Street Corp is the second biggest holder with 36 million shares now valued at 2.89 B million whilst BlackRock Institutional Trust Company NA has 24 million shares valued at 1.92 B million.

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