Today it was reported that the EVP & CFO of Lowe’s (NYSE: LOW), Marshall Croom, exercised options to sell 15,735 LOW shares at $38.38 a share, for a total transaction value of $1.8M.
Following Marshall Croom’s last LOW Sell transaction on April 03, 2017, the stock climbed by 36.5%. In addition to Marshall Croom, one other LOW executive reported Sell trades in the last month.
See today’s analyst top recommended stocks >>
Based on Lowe’s’ latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $20.89 billion and quarterly net profit of $1.52 billion. In comparison, last year the company earned revenue of $19.5 billion and had a net profit of $1.41 billion. LOW’s market cap is $94.29B and the company has a P/E ratio of 24.37. Currently, Lowe’s has an average volume of 528.
Based on 15 analyst ratings, the analyst consensus is Strong Buy with an average price target of $119.87, reflecting a 3.1% upside.
In the last 30 days, insiders have sold $1.8M worth of LOW shares and purchased $29.4K worth of LOW shares. The insider sentiment on Lowe’s has been positive according to 27 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Marshall Croom’s trades have generated a -20.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lowe’s Cos., Inc. engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodeling, home decorating, and property maintenance.
