Sheaff Brock Investment Advisors LLC trimmed its stake in Lowe's Companies, Inc. (NYSE:LOW) by 6.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,929 shares of the home improvement retailer’s stock after selling 1,327 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Lowe's Companies were worth $1,433,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Harbour Capital Advisors LLC acquired a new stake in shares of Lowe's Companies in the first quarter valued at approximately $103,000. Atlantic Trust LLC acquired a new position in Lowe's Companies in the 2nd quarter valued at $105,000. State of Alaska Department of Revenue raised its holdings in Lowe's Companies by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after acquiring an additional 110 shares in the last quarter. Motco raised its holdings in Lowe's Companies by 33.4% in the 2nd quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock valued at $134,000 after acquiring an additional 432 shares in the last quarter. Finally, Horan Capital Advisors LLC. acquired a new position in Lowe's Companies in the 3rd quarter valued at $134,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.
Several brokerages have weighed in on LOW. Zelman & Associates cut Lowe's Companies from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Barclays raised Lowe's Companies from an “equal weight” rating to an “overweight” rating in a report on Friday, January 5th. Robert W. Baird reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Lowe's Companies in a report on Wednesday, January 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $103.00 price objective on shares of Lowe's Companies in a report on Friday, December 22nd. Finally, Guggenheim began coverage on Lowe's Companies in a report on Tuesday, December 12th. They issued a “buy” rating and a $95.00 price objective for the company. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $88.62.
In related news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction 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 owns 4,650 shares in the company, valued at approximately $372,930. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.
Shares of Lowe's Companies, Inc. (LOW) traded up $5.12 on Friday, hitting $100.86. The stock had a trading volume of 14,246,152 shares, compared to its average volume of 6,240,000. The company has a market cap of $83,690.00, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. Lowe's Companies, Inc. has a one year low of $70.76 and a one year high of $102.28. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02.
Lowe's Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. Lowe's Companies’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. equities analysts expect that Lowe's Companies, Inc. will post 4.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 1.63%. Lowe's Companies’s dividend payout ratio is currently 39.42%.
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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.
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