Sather Financial Group Inc acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,055 shares of the home improvement retailer’s stock, valued at approximately $469,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ronald Blue & Co. LLC bought a new position in Lowe’s Companies during the 1st quarter worth approximately $240,000. Prudential Financial Inc. boosted its stake in Lowe’s Companies by 11.4% during the 1st quarter. Prudential Financial Inc. now owns 1,370,277 shares of the home improvement retailer’s stock worth $112,650,000 after acquiring an additional 140,700 shares during the last quarter. Stifel Financial Corp lifted its stake in Lowe’s Companies by 5.1% in the first quarter. Stifel Financial Corp now owns 617,238 shares of the home improvement retailer’s stock valued at $50,687,000 after buying an additional 29,739 shares in the last quarter. SG Americas Securities LLC lifted its stake in Lowe’s Companies by 208.1% in the first quarter. SG Americas Securities LLC now owns 90,170 shares of the home improvement retailer’s stock valued at $7,413,000 after buying an additional 173,597 shares in the last quarter. Finally, Winfield Associates Inc. lifted its stake in Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock valued at $196,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 73.29% of the company’s stock.
In other news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the sale, the senior vice president now owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nelson B. Peace sold 3,352 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the sale, the insider now directly owns 4,650 shares of the company’s stock, valued at approximately $372,930. The disclosure for this sale can be found here. Insiders have sold a total of 13,303 shares of company stock valued at $1,047,406 in the last three months. Insiders own 0.11% of the company’s stock.
Lowe’s Companies, Inc. (NYSE:LOW) traded up $1.23 during trading on Thursday, hitting $83.63. The stock had a trading volume of 10,391,209 shares, compared to its average volume of 5,970,067. Lowe’s Companies, Inc. has a one year low of $70.49 and a one year high of $88.55. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. The firm has a market capitalization of $69,290.00, a P/E ratio of 19.14, a P/E/G ratio of 1.38 and a beta of 1.14.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The company had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 earnings per share. equities research analysts predict that Lowe’s Companies, Inc. will post 4.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio is presently 39.42%.
LOW has been the topic of a number of research reports. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Friday, August 11th. Longbow Research reissued a “buy” rating and issued a $95.00 price objective on shares of Lowe’s Companies in a research report on Monday, August 14th. BTIG Research reissued a “buy” rating and issued a $95.00 price objective on shares of Lowe’s Companies in a research report on Friday, August 18th. Credit Suisse Group reissued an “outperform” rating and issued a $94.00 price objective on shares of Lowe’s Companies in a research report on Monday, August 21st. They noted that the move was a valuation call. Finally, Oppenheimer set a $100.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $87.40.
TRADEMARK VIOLATION NOTICE: This piece was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2017/12/07/sather-financial-group-inc-invests-469000-in-lowes-companies-inc-low.html.
Lowe’s Companies Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.