Lowes Companies Inc (NYSE:LOW) 2018 Q2 Sentiment Report

September 30, 2018 - By Matthew Richard

Lowe's Companies, Inc. (NYSE:LOW) Logo

Sentiment for Lowes Companies Inc (NYSE:LOW)

Lowes Companies Inc (NYSE:LOW) institutional sentiment decreased to 0.76 in Q2 2018. Its down -0.05, from 0.81 in 2018Q1. The ratio worsened, as 422 investment managers increased and started new holdings, while 556 cut down and sold their holdings in Lowes Companies Inc. The investment managers in our partner’s database now have: 581.37 million shares, down from 587.47 million shares in 2018Q1. Also, the number of investment managers holding Lowes Companies Inc in their top 10 holdings increased from 45 to 47 for an increase of 2. Sold All: 60 Reduced: 496 Increased: 294 New Position: 128.

LoweÂ’s Companies, Inc. operates as a home improvement firm in the United States, Canada, and Mexico. The company has market cap of $93.12 billion. It offers a line of products for maintenance, repair, remodeling, and decorating. It has a 24.15 P/E ratio. The firm provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal living, lawn and garden, paint, millwork, flooring, kitchens, outdoor power equipment, and home fashions.

The stock increased 0.28% or $0.32 during the last trading session, reaching $114.82. About 5.75 million shares traded or 30.07% up from the average. Lowe's Companies, Inc. (NYSE:LOW) has risen 45.36% since September 30, 2017 and is uptrending. It has outperformed by 29.74% the S&P500.

Analysts await Lowe's Companies, Inc. (NYSE:LOW) to report earnings on November, 20. They expect $1.05 earnings per share, 0.00 % or $0.00 from last year’s $1.05 per share. LOW’s profit will be $851.55 million for 27.34 P/E if the $1.05 EPS becomes a reality. After $2.07 actual earnings per share reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts -49.28 % negative EPS growth.

Ironsides Asset Advisors Llc holds 33.76% of its portfolio in Lowe's Companies, Inc. for 8.33 million shares. Pershing Square Capital Management L.P. owns 7.72 million shares or 12.7% of their US portfolio. Moreover, Icm Asset Management Inc Wa has 12.66% invested in the company for 153,600 shares. The New York-based Lionstone Capital Management Llc has invested 7.74% in the stock. Dorsal Capital Management Llc, a California-based fund reported 1.50 million shares.

Since January 1, 0001, it had 1 buy, and 2 sales for $3.00 million activity.

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

Ratings analysis reveals 83% of Lowe’s Companies’s analysts are positive. Out of 12 Wall Street analysts rating Lowe’s Companies, 10 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $9200 while the high is $130. The stock’s average target of $111.17 is -3.18% below today’s ($114.82) share price. LOW was included in 16 notes of analysts from April 24, 2018. The firm has “Buy” rating by Loop Capital Markets given on Wednesday, May 23. KeyBanc Capital Markets maintained it with “Overweight” rating and $115 target in Tuesday, July 24 report. As per Thursday, August 23, the company rating was maintained by Wells Fargo. The company was maintained on Thursday, August 23 by Bank of America. As per Thursday, August 23, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, May 22. On Thursday, May 24 the stock rating was maintained by Wedbush with “Hold”. The firm earned “Neutral” rating on Thursday, August 23 by Citigroup. As per Thursday, August 23, the company rating was maintained by UBS. Robert W. Baird maintained Lowe's Companies, Inc. (NYSE:LOW) rating on Monday, September 17. Robert W. Baird has “Outperform” rating and $130 target.

More recent Lowe's Companies, Inc. (NYSE:LOW) news were published by: Seekingalpha.com which released: “Dividend Champion Spotlight: Lowe’s Companies, Inc.” on September 06, 2018. Also Fool.com published the news titled: “Lowe’s CEO Needs to Begin Making the Hard Decisions” on September 01, 2018. Benzinga.com‘s news article titled: “Off With The Training Wheels: Rate Hike Accompanied Accommodative Language Removal” with publication date: September 26, 2018 was also an interesting one.

Lowe's Companies, Inc. (NYSE:LOW) Institutional Positions Chart

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