Thor Advisors LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 322 shares of the home improvement retailer’s stock, valued at approximately $35,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Kaizen Advisory LLC increased its position in shares of Lowe’s Companies by 13.6% during the fourth quarter. Kaizen Advisory LLC now owns 2,226 shares of the home improvement retailer’s stock worth $206,000 after acquiring an additional 266 shares during the last quarter. Buckingham Capital Management Inc. increased its position in shares of Lowe’s Companies by 9.1% during the fourth quarter. Buckingham Capital Management Inc. now owns 3,928 shares of the home improvement retailer’s stock worth $363,000 after acquiring an additional 328 shares during the last quarter. Roman Butler Fullerton & Co. purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth about $765,000. Aspiriant LLC increased its position in shares of Lowe’s Companies by 12.9% during the fourth quarter. Aspiriant LLC now owns 4,115 shares of the home improvement retailer’s stock worth $380,000 after acquiring an additional 469 shares during the last quarter. Finally, Hartford Financial Management Inc. increased its position in shares of Lowe’s Companies by 3.3% during the fourth quarter. Hartford Financial Management Inc. now owns 13,464 shares of the home improvement retailer’s stock worth $1,244,000 after acquiring an additional 434 shares during the last quarter. 76.79% of the stock is currently owned by institutional investors and hedge funds.
NYSE:LOW opened at $99.63 on Monday. The stock has a market capitalization of $78.00 billion, a P/E ratio of 19.42, a PEG ratio of 1.26 and a beta of 1.37. Lowe’s Companies, Inc. has a one year low of $84.75 and a one year high of $118.23. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.09 and a quick ratio of 0.24.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.11). The firm had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.65 billion. Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $1.19 earnings per share. On average, analysts predict that Lowe’s Companies, Inc. will post 5.59 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be paid a $0.55 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.48. This represents a $2.20 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, July 23rd. Lowe’s Companies’s payout ratio is presently 37.35%.
In related news, insider Marvin R. Ellison bought 10,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was bought at an average cost of $95.05 per share, for a total transaction of $950,500.00. Following the completion of the purchase, the insider now directly owns 80,090 shares in the company, valued at approximately $7,612,554.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.07% of the company’s stock.
A number of analysts have recently issued reports on LOW shares. ValuEngine lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Gabelli reaffirmed a “buy” rating on shares of Lowe’s Companies in a research report on Thursday, May 23rd. Bank of America set a $135.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research report on Monday, May 27th. Finally, Wedbush dropped their target price on Lowe’s Companies from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, May 23rd. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Lowe’s Companies presently has a consensus rating of “Buy” and an average target price of $113.13.
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About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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