Confidence in Lowe’s (NYSE:LOW) Shares by Gordon Haskett Fall.

November 8, 2018 - By James Guidry

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

Investors sentiment decreased to 0.76 in Q2 2018. Its down 0.05, from 0.81 in 2018Q1. It dived, as 60 investors sold Lowe's Companies, Inc. shares while 496 reduced holdings. 128 funds opened positions while 294 raised stakes. 581.37 million shares or 1.04% less from 587.47 million shares in 2018Q1 were reported.

King Luther reported 68,033 shares. National Bank & Trust Of America De owns 13.50 million shares. 26,246 were reported by Canandaigua Bank Commerce. 9,976 were reported by Greenleaf Tru. Washington reported 0.01% stake. Abner Herrman And Brock Ltd Llc holds 0.03% in Lowe's Companies, Inc. (NYSE:LOW) or 2,181 shares. Kwmg Ltd Liability reported 0.04% in Lowe's Companies, Inc. (NYSE:LOW). Homrich And Berg accumulated 0.02% or 3,467 shares. Elm Advsr Ltd Liability accumulated 0.17% or 2,375 shares. Gamco Invsts Et Al has 0% invested in Lowe's Companies, Inc. (NYSE:LOW) for 6,150 shares. Moreover, Pinnacle Associates Ltd has 0.03% invested in Lowe's Companies, Inc. (NYSE:LOW). Moreover, Private Tru Communication Na has 0.81% invested in Lowe's Companies, Inc. (NYSE:LOW) for 39,300 shares. Wealthtrust Fairport Llc accumulated 1,940 shares. Obermeyer Wood Invest Counsel Lllp accumulated 15,482 shares. Meiji Yasuda Life Insur accumulated 2,907 shares.

Since June 8, 2018, it had 1 insider purchase, and 2 insider sales for $3.00 million activity. The insider CROOM MARSHALL A sold 15,735 shares worth $1.80M. WARDELL LISA W bought $29,407 worth of stock.

Lowe’s (NYSE:LOW) Receives a Downgrade

The Equity Rating of Lowe’s (NYSE:LOW) rating was cut by expert analysts at Gordon Haskett from the previous Accumulate rating to a Hold rating in analysts report revealed to investors on Thursday morning.

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

Among 14 analysts covering Lowe’s (NYSE:LOW), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. Lowe’s has $130 highest and $9200 lowest target. $112.71’s average target is 13.31% above currents $99.47 stock price. Lowe’s had 20 analyst reports since May 22, 2018 according to SRatingsIntel. As per Friday, September 28, the company rating was upgraded by SunTrust. As per Tuesday, July 24, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by UBS on Thursday, August 23 with “Buy”. Robert W. Baird maintained the stock with “Outperform” rating in Thursday, August 23 report. The firm has “Neutral” rating given on Wednesday, October 17 by Credit Suisse. As per Thursday, August 23, the company rating was maintained by Raymond James. Morgan Stanley maintained the stock with “Overweight” rating in Tuesday, October 23 report. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Buy” rating by Bank of America on Thursday, August 23. Loop Capital Markets upgraded Lowe's Companies, Inc. (NYSE:LOW) on Wednesday, May 23 to “Buy” rating. The rating was maintained by Wedbush on Thursday, May 24 with “Hold”.

The stock decreased 1.12% or $1.13 during the last trading session, reaching $99.47. About 4.86 million shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 45.36% since November 9, 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 $1.02 EPS, down 2.86 % or $0.03 from last year’s $1.05 per share. LOW’s profit will be $827.22 million for 24.38 P/E if the $1.02 EPS becomes a reality. After $2.07 actual EPS reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts -50.72 % negative EPS growth.

LoweÂ’s Companies, Inc. operates as a home improvement firm in the United States, Canada, and Mexico. The company has market cap of $80.67 billion. It offers a line of products for maintenance, repair, remodeling, and decorating. It has a 20.92 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.

More notable recent Lowe's Companies, Inc. (NYSE:LOW) news were published by: Streetinsider.com which released: “Gordon Haskett Downgrades Lowe’s (LOW) to Hold” on November 08, 2018, also Fool.com with their article: “Home Depot Earnings: What to Watch” published on November 08, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For November 8, 2018” on November 08, 2018. More interesting news about Lowe's Companies, Inc. (NYSE:LOW) were released by: Seekingalpha.com and their article: “Floor And Decor And Lumber Liquidators Are Two Undervalued Specialty Retail Names” published on November 08, 2018 as well as Benzinga.com‘s news article titled: “Credit Suisse Downgrades Home Depot, Lowe’s On Reduced Upside Projections” with publication date: October 17, 2018.

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

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