Quadrant Capital Group LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,236 shares of the home improvement retailer’s stock after selling 159 shares during the quarter. Quadrant Capital Group LLC’s holdings in Lowe’s Companies were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in LOW. Advisors Preferred LLC purchased a new stake in Lowe’s Companies in the first quarter valued at approximately $26,000. Icon Wealth Partners LLC purchased a new stake in Lowe’s Companies in the first quarter valued at approximately $26,000. Weaver Consulting Group purchased a new stake in Lowe’s Companies in the first quarter valued at approximately $28,000. Prime Capital Investment Advisors LLC purchased a new stake in Lowe’s Companies in the first quarter valued at approximately $33,000. Finally, Thor Advisors LLC purchased a new stake in Lowe’s Companies in the first quarter valued at approximately $35,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on LOW. ValuEngine downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Morgan Stanley set a $123.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Thursday, May 23rd. Wedbush reduced their price target on shares of 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. UBS Group reduced their price target on shares of Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Finally, Zacks Investment Research upgraded shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $112.88.
In related news, EVP Donald Frieson purchased 2,030 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were acquired at an average price of $98.69 per share, for a total transaction of $200,340.70. Following the completion of the acquisition, the executive vice president now directly owns 10,980 shares in the company, valued at approximately $1,083,616.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marvin R. Ellison purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average price of $95.05 per share, for a total transaction of $950,500.00. Following the acquisition, the insider now owns 80,090 shares of the company’s stock, valued at $7,612,554.50. The disclosure for this purchase can be found here. Insiders bought 12,280 shares of company stock worth $1,174,566 in the last 90 days. Company insiders own 0.07% of the company’s stock.
Shares of Lowe’s Companies stock traded down $0.26 on Friday, hitting $99.23. The stock had a trading volume of 3,917,400 shares, compared to its average volume of 4,196,396. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.24 and a current ratio of 1.09. Lowe’s Companies, Inc. has a one year low of $84.75 and a one year high of $118.23. The firm has a market cap of $79.39 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 1.32 and a beta of 1.36. The firm has a 50-day moving average of $102.55.
Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.65 billion. During the same quarter in the prior year, the business posted $1.19 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 5.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be issued a $0.55 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, July 23rd. This represents a $2.20 annualized dividend and a dividend yield of 2.22%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.80%.
Lowe’s Companies Profile
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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