Lowes Companies Inc (NYSE:LOW): Institutional Investors Are Worried

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Sentiment for Lowes Companies Inc (NYSE:LOW)

Lowes Companies Inc (NYSE:LOW) institutional sentiment decreased to 0.93 in 2019 Q2. Its down -0.07, from 1 in 2019Q1. The ratio has dropped, as 453 hedge funds increased or opened new stock positions, while 489 sold and trimmed holdings in Lowes Companies Inc. The hedge funds in our partner’s database now possess: 565.48 million shares, down from 578.56 million shares in 2019Q1. Also, the number of hedge funds holding Lowes Companies Inc in their top 10 stock positions decreased from 53 to 41 for a decrease of 12. Sold All: 57 Reduced: 432 Increased: 341 New Position: 112.

LoweÂ’s Companies, Inc. operates as a home improvement firm in the United States, Canada, and Mexico. The company has market cap of $87.49 billion. It offers a line of products for maintenance, repair, remodeling, and decorating. It has a 35.84 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 decreased 0.46% or $0.52 during the last trading session, reaching $113.36. About 3.37 million shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 2.14% since September 13, 2018 and is uptrending. It has outperformed by 2.14% the S&P500.

Analysts await Lowe's Companies, Inc. (NYSE:LOW) to report earnings on November, 19. They expect $1.36 EPS, up 30.77 % or $0.32 from last year’s $1.04 per share. LOW’s profit will be $1.05B for 20.84 P/E if the $1.36 EPS becomes a reality. After $2.15 actual EPS reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts -36.74 % negative EPS growth.

Ironsides Asset Advisors Llc holds 32.89% of its portfolio in Lowe's Companies, Inc. for 971,691 shares. Pershing Square Capital Management L.P. owns 8.90 million shares or 13.39% of their US portfolio. Moreover, Icm Asset Management Inc Wa has 11.5% invested in the company for 153,600 shares. The New York-based Lionstone Capital Management Llc has invested 9.12% in the stock. Two Creeks Capital Management Lp, a New York-based fund reported 1.21 million shares.

Since January 1, 0001, it had 3 insider purchases, and 0 insider sales for $1.17 million activity.

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

Ratings analysis reveals 83% of Lowe’s’s analysts are positive. Out of 6 Wall Street analysts rating Lowe’s, 5 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $9500 while the high is $13000. The stock’s average target of $118.14 is 4.22% above today’s ($113.36) share price. LOW was included in 17 notes of analysts from March 15, 2019. The firm earned “Buy” rating on Thursday, August 22 by UBS. The rating was maintained by Morgan Stanley with “Overweight” on Monday, April 15. The rating was maintained by Citigroup with “Buy” on Monday, April 1. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Buy” rating by UBS on Friday, March 15. The rating was maintained by Morgan Stanley with “Buy” on Tuesday, March 19. KeyBanc Capital Markets maintained it with “Overweight” rating and $12500 target in Thursday, August 22 report. The company was maintained on Monday, June 24 by Barclays Capital. Morgan Stanley maintained the shares of LOW in report on Thursday, August 22 with “Overweight” rating.

More notable recent Lowe's Companies, Inc. (NYSE:LOW) news were published by: Forbes.com which released: “After The Sell-Off: 4 NYSE Stocks That Dropped Below Book Value. – Forbes” on August 17, 2019, also Finance.Yahoo.com with their article: “Things You Need to Know Before Lowe’s (LOW) Q2 Earnings – Yahoo Finance” published on August 19, 2019, Finance.Yahoo.com published: “Does William Lyon Homes’s (NYSE:WLH) P/E Ratio Signal A Buying Opportunity? – Yahoo Finance” on September 13, 2019. More interesting news about Lowe's Companies, Inc. (NYSE:LOW) were released by: Finance.Yahoo.com and their article: “Why You Should Care About SM Energy Company’s (NYSE:SM) Low Return On Capital – Yahoo Finance” published on September 09, 2019 as well as Finance.Yahoo.com‘s news article titled: “Buy Nordstrom Stock, But Not Because of Its Low Valuation – Yahoo Finance” with publication date: September 13, 2019.

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

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