Lowe's Companies, Inc. (LOW) Earns Hold Rating from SunTrust Banks, Inc

Marco Green
November 14, 2017

Wedbush Securities Inc. now owns 20,569 shares of the home improvement retailer's stock worth $1,691,000 after buying an additional 2,572 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: "Calamos Advisors LLC Has $48.01 Million Position in Lowe's Companies, Inc". The current P/B amount of Lowe's Companies, Inc. best indicates the value approach in differentiating good from the bad. Royal Commercial Bank Of Canada owns 1.19M shares for 0.05% of their portfolio. Finally, State of Alaska Department of Revenue grew its stake in Lowe's Companies by 8.3% in the second quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer's stock valued at $110,000 after acquiring an additional 45 shares during the period. Atlantic Trust LLC acquired a new position in Lowe's Companies in the second quarter valued at about $105,000. BB&T Corp now owns 180,176 shares of the home improvement retailer's stock valued at $14,265,000 after buying an additional 25,204 shares in the last quarter.

M&R Capital Management Inc decreased Stryker Corp Com (NYSE:SYK) stake by 12,283 shares to 7,550 valued at $1.09M in 2017Q2. Altrinsic Global Advisors Llc owns 2.85 million shares or 4.76% of their U.S. portfolio. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer's stock worth $293,669,000 after purchasing an additional 3,544,665 shares during the period. Institutional investors own 74.35% of the company's stock. According to their predictions high & low revenue estimates are 16.85 Billion and 16.32 Billion respectively. (NYSE:LOW) to report earnings on November, 21 before the open. The company had a trading volume of 2,936,784 shares. The stock is now moving below its 20-Day Simple Moving Average of -2.92% with a 50-Day Simple Moving Average of -2.28 percent. The company has a market capitalization of $64,859.13, a PE ratio of 17.85, a P/E/G ratio of 1.26 and a beta of 1.13.

Lowe's Companies, Inc. (NYSE:LOW) gross margin percentage stands at 34.3% while its operating margin for the past trailing twelve month is 8.4 percent and its overall profit margin (ttm) is 4.5 Percent. (NYSE:LOW) to report earnings on November, 15. They expect $1.02 earnings per share, up 15.91% or $0.14 from last year's $0.88 per share.

Analysts believe that the company has the potential to earn average revenue of $16.56 Billion for the current quarter. The company had Year Ago Sales of $0.

Many analysts are providing their Estimated Earnings analysis for Lowe's Companies, Inc. and for the current quarter 29 analysts have projected that the stock could give an Average Earnings estimate of $1.02/share. Investors of record on Wednesday, January 24th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.12%. "(LOW) Ex-Dividend Date Scheduled for October 24, 2017" on October 23, 2017.

Analysts await Lowe's Companies, Inc. If you are reading this piece on another domain, it was stolen and reposted in violation of United States & global trademark and copyright legislation. The correct version of this story can be read at https://www.truebluetribune.com/2017/11/13/lowes-companies-inc-low-earns-hold-rating-from-suntrust-banks-inc.html.

M&R Capital Management Inc increased Lowes Cos Inc Com (LOW) stake by 69.05% reported in 2017Q2 SEC filing. (NYSE:LOW) had a closing price of $77.49 yesterday. Oppenheimer Holdings Inc. reiterated an "outperform" rating and issued a $94.00 target price on shares of Lowe's Cos.in a research note on Monday, August 29th.

Lowe's Companies, Inc. (NYSE:LOW) received a Buy rating from 6 analysts. RBC Capital Markets maintained the shares of LOW in report on Wednesday, August 23 with "Buy" rating. Of the analysts who provided ratings, 7 rated the company a Hold, 1 rated it a Strong Sell, 1 rated it a Moderate Buy, and 7 rated it a Strong Buy. The company has an average rating of "Hold" and a consensus target price of $85.62.

In other Lowe's Companies news, insider Paul D. Ramsay sold 2,098 shares of the business's stock in a transaction that occurred on Tuesday, September 19th.

LOW's SVP Chief Accounting Officer Hollifield Matthew V Sell 7853 shares of the company at a price of $78.3 on 2017-09-22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Following the sale, the insider now directly owns 8,400 shares of the company's stock, valued at $655,368. The disclosure for this sale can be found here. The stock decreased 0.76% or $0.59 on November 10, reaching $77.49.

SunTrust Banks, Inc. reissued their hold rating on shares of Lowe's Companies, Inc. The Company operates approximately 2,370 home improvement and hardware stores. The Company 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 OR, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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