Donald L. Hagan LLC Sells 84 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Donald L. Hagan LLC lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,635 shares of the home improvement retailer’s stock after selling 84 shares during the period. Donald L. Hagan LLC’s holdings in Lowe’s Companies were worth $985,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avidian Wealth Solutions LLC lifted its position in Lowe’s Companies by 25.5% during the first quarter. Avidian Wealth Solutions LLC now owns 1,271 shares of the home improvement retailer’s stock valued at $324,000 after purchasing an additional 258 shares during the last quarter. Advisory Alpha LLC grew its position in Lowe’s Companies by 3.6% in the first quarter. Advisory Alpha LLC now owns 3,600 shares of the home improvement retailer’s stock worth $917,000 after acquiring an additional 126 shares in the last quarter. Empirical Finance LLC increased its stake in Lowe’s Companies by 3.1% in the first quarter. Empirical Finance LLC now owns 22,826 shares of the home improvement retailer’s stock valued at $5,814,000 after acquiring an additional 688 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Lowe’s Companies by 20.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 62,964 shares of the home improvement retailer’s stock valued at $16,039,000 after purchasing an additional 10,802 shares in the last quarter. Finally, Metis Global Partners LLC lifted its stake in Lowe’s Companies by 0.8% during the first quarter. Metis Global Partners LLC now owns 27,256 shares of the home improvement retailer’s stock worth $6,943,000 after purchasing an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 3.0 %

Shares of NYSE LOW traded down $8.06 during midday trading on Wednesday, hitting $261.12. The stock had a trading volume of 1,104,752 shares, compared to its average volume of 2,432,383. The company has a market cap of $148.13 billion, a P/E ratio of 21.61, a PEG ratio of 2.15 and a beta of 1.10. The business’s 50 day moving average is $263.51 and its 200-day moving average is $241.53. Lowe’s Companies, Inc. has a 52 week low of $189.05 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.14. The business had revenue of $23.59 billion for the quarter, compared to analysts’ expectations of $23.93 billion. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.56 EPS. As a group, analysts expect that Lowe’s Companies, Inc. will post 11.91 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a $1.15 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.76%. Lowe’s Companies’s payout ratio is 38.14%.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the sale, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the transaction, the executive vice president now owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the sale, the chief accounting officer now owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Gordon Haskett cut their target price on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Bank of America increased their target price on shares of Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 11th. Sanford C. Bernstein assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $323.00 price target for the company. Loop Capital raised Lowe’s Companies from a “hold” rating to a “buy” rating and raised their price objective for the company from $250.00 to $300.00 in a research note on Wednesday, October 9th. Finally, Evercore ISI lifted their price objective on Lowe’s Companies from $225.00 to $250.00 and gave the stock an “in-line” rating in a report on Wednesday, August 21st. Eleven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $272.20.

About Lowe’s Companies

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.