Lowes Companies Inc (LOW): Richard D Maltsbarger , CDO & President, Int’l of Lowes Companies Inc sold 12,656 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $80.21 per share for a total value of $1,015,469.38 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, Matthew V Hollifield (SVP Chief Accounting Officer) sold 17,976 shares at $79.16 per share price.On May 25, 2016, Nelson B Peace (Corp Administration Executive) sold 27,720 shares at $79.79 per share price.Also, On May 25, 2016, Robert F Jr Hull (Chief Financial Officer) sold 134,000 shares at $79.75 per share price.On May 25, 2016, Ricky D Damron (Chief Operating Officer) sold 104,120 shares at $79.33 per share price.
Lowe's Companies: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Lowe's Companies which led to swings in the share price. The shares opened for trading at $79.86 and hit $80.56 on the upside , eventually ending the session at $80.27, with a gain of 0.17% or 0.14 points. The heightened volatility saw the trading volume jump to 42,05,841 shares. The 52-week high of the share price is $80.69 and the company has a market cap of $72,037 M . The 52-week low of the share price is at $62.6201.
Company has been under the radar of several Street Analysts.Lowe's Companies is Initiated by Topeka Capital Markets to Hold and the brokerage firm has set the Price Target at $75. The Rating was issued on May 24, 2016.Lowe's Companies is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 89 from a previous price target of $86 .The Rating was issued on May 19, 2016.Lowe's Companies is Upgraded by Citigroup to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 19, 2016.Lowe's Companies is Initiated by Barclays to Equal Weight and the brokerage firm has set the Price Target at $85. The Rating was issued on Mar 31, 2016.
Lowe’s Companies Inc. (Lowe’s) is a home improvement retailer. As of January 30 2015 Lowe’s operated 1840 home improvement and hardware stores representing approximately 201 million square feet of retail selling space. Lowe’s is consisted of 1793 stores located across 50 states in the United States including 74 Orchard Supply Hardware (Orchard) stores in California and Oregon as well as 37 stores in Canada and 10 stores in Mexico. It serves homeowners renters and professional customers (Pro customers). Its retail customers consisted of individual homeowners and renters complete a range of projects. The Pro customer consists of two categories: construction trades and maintenance repair and operations. The Company offers a range of products for maintenance repair remodeling and decorating.