Rothschild Investment LLC Sells 438 Shares of Lowe’s Companies, Inc. $LOW

Rothschild Investment LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 16.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,235 shares of the home improvement retailer’s stock after selling 438 shares during the period. Rothschild Investment LLC’s holdings in Lowe’s Companies were worth $496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after buying an additional 259 shares during the last quarter. IFP Advisors Inc increased its position in Lowe’s Companies by 1.4% in the 1st quarter. IFP Advisors Inc now owns 13,047 shares of the home improvement retailer’s stock worth $3,043,000 after buying an additional 179 shares during the period. Crestwood Advisors Group LLC lifted its holdings in shares of Lowe’s Companies by 4.0% during the first quarter. Crestwood Advisors Group LLC now owns 9,153 shares of the home improvement retailer’s stock worth $2,135,000 after buying an additional 353 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of Lowe’s Companies by 116.9% in the first quarter. Y Intercept Hong Kong Ltd now owns 3,099 shares of the home improvement retailer’s stock valued at $723,000 after acquiring an additional 1,670 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their price objective on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of Lowe’s Companies from $283.00 to $275.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Stifel Nicolaus dropped their price objective on shares of Lowe’s Companies from $275.00 to $230.00 and set a “hold” rating on the stock in a report on Friday, November 14th. Wells Fargo & Company reduced their target price on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Finally, Robert W. Baird lifted their target price on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $278.91.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $219.65 on Wednesday. The firm has a fifty day moving average of $245.71 and a 200-day moving average of $237.46. The stock has a market cap of $123.19 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $280.64.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.10 earnings per share. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is currently 39.44%.

Insider Transactions at Lowe’s Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the transaction, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. This trade represents a 39.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 52,931 shares of company stock valued at $14,381,752. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.