Sather Financial Group Inc Buys Shares of 6,055 Lowe’s Companies, Inc. (NYSE:LOW)

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.

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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.

Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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