Cetera Advisors LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,616 shares of the home improvement retailer’s stock after buying an additional 958 shares during the quarter. Cetera Advisors LLC’s holdings in Lowe’s Companies were worth $1,778,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of LOW. Tdam USA Inc. raised its stake in shares of Lowe’s Companies by 9.5% during the first quarter. Tdam USA Inc. now owns 8,719 shares of the home improvement retailer’s stock valued at $954,000 after acquiring an additional 760 shares during the last quarter. Cadence Bank NA boosted its holdings in Lowe’s Companies by 0.5% in the first quarter. Cadence Bank NA now owns 23,458 shares of the home improvement retailer’s stock worth $2,568,000 after purchasing an additional 112 shares during the last quarter. JNBA Financial Advisors purchased a new stake in Lowe’s Companies in the second quarter worth approximately $40,000. Carnick & Kubik Group LLC boosted its holdings in Lowe’s Companies by 1.5% in the second quarter. Carnick & Kubik Group LLC now owns 20,915 shares of the home improvement retailer’s stock worth $2,111,000 after purchasing an additional 310 shares during the last quarter. Finally, Moseley Investment Management Inc. purchased a new stake in Lowe’s Companies in the first quarter worth approximately $360,000. 76.92% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Donald Frieson bought 2,030 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The stock was purchased at an average price of $98.69 per share, with a total value of $200,340.70. Following the purchase, the executive vice president now owns 10,980 shares of the company’s stock, valued at approximately $1,083,616.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.
NYSE:LOW traded down $0.31 during mid-day trading on Friday, hitting $113.57. The stock had a trading volume of 42,931 shares, compared to its average volume of 5,542,121. The company has a current ratio of 1.06, a quick ratio of 0.19 and a debt-to-equity ratio of 7.80. Lowe’s Companies, Inc. has a twelve month low of $84.75 and a twelve month high of $118.23. The stock has a 50-day simple moving average of $104.29 and a two-hundred day simple moving average of $104.74. The company has a market capitalization of $88.97 billion, a PE ratio of 22.10, a PEG ratio of 1.49 and a beta of 1.30.
Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The business had revenue of $20.99 billion for the quarter, compared to analysts’ expectations of $20.96 billion. During the same period in the previous year, the company posted $2.07 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. Sell-side analysts predict that Lowe’s Companies, Inc. will post 5.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.94%. The ex-dividend date is Tuesday, October 22nd. Lowe’s Companies’s payout ratio is 42.80%.
Several research firms have weighed in on LOW. Telsey Advisory Group increased their price target on shares of Lowe’s Companies from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Cfra reiterated a “hold” rating and set a $105.00 price objective on shares of Lowe’s Companies in a report on Friday, June 14th. Gabelli reiterated a “buy” rating on shares of Lowe’s Companies in a report on Thursday, May 23rd. Bank of America set a $135.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Monday, May 27th. Finally, Wedbush reiterated a “neutral” rating and set a $115.00 price objective (up previously from $105.00) on shares of Lowe’s Companies in a research note on Thursday, August 22nd. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $116.82.
Lowe’s Companies Company 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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