Strategic Advisors LLC Makes New Investment in Lowe’s Companies, Inc. $LOW

Strategic Advisors LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the third quarter, HoldingsChannel reports. The firm bought 4,042 shares of the home improvement retailer’s stock, valued at approximately $1,016,000.

Several other large investors have also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at $27,000. Solstein Capital LLC increased its holdings in shares of Lowe’s Companies by 627.8% during the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 113 shares in the last quarter. Activest Wealth Management raised its stake in shares of Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 51 shares during the last quarter. Traub Capital Management LLC acquired a new position in shares of Lowe’s Companies in the 2nd quarter worth approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC grew its position in Lowe’s Companies by 128.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $269.66 on Thursday. The firm has a fifty day moving average of $252.23 and a two-hundred day moving average of $247.22. The stock has a market capitalization of $151.27 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 4.54 and a beta of 0.96. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $281.36.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The firm had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. During the same quarter in the prior year, the firm posted $2.89 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be issued a $1.20 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 annualized dividend and a yield of 1.8%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.80%.

Insider Buying and Selling at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the transaction, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LOW shares. Truist Financial set a $295.00 price objective on Lowe’s Companies in a research report on Friday, January 16th. Morgan Stanley raised their target price on Lowe’s Companies from $270.00 to $296.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. TD Cowen upped their price target on shares of Lowe’s Companies from $250.00 to $295.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Telsey Advisory Group decreased their price objective on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lowe’s Companies from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Nineteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $283.65.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.