Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by LVW Advisors LLC

LVW Advisors LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,567 shares of the home improvement retailer’s stock after purchasing an additional 229 shares during the period. LVW Advisors LLC’s holdings in Lowe’s Companies were worth $966,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LOW. Voisard Asset Management Group Inc. acquired a new position in shares of Lowe’s Companies during the 4th quarter worth $28,000. Keener Financial Planning LLC acquired a new stake in Lowe’s Companies in the 1st quarter valued at about $35,000. Transcendent Capital Group LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at about $31,000. Stephens Consulting LLC boosted its stake in shares of Lowe’s Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new position in Lowe’s Companies during the 2nd quarter worth approximately $37,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe’s Companies

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LOW shares. TD Cowen lifted their price objective on shares of Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a report on Thursday, September 19th. Telsey Advisory Group raised their price target on shares of Lowe’s Companies from $230.00 to $275.00 and gave the stock a “market perform” rating in a report on Wednesday, October 2nd. Gordon Haskett reduced their price target on shares of Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research note on Wednesday, August 21st. Finally, Evercore ISI boosted their price objective on Lowe’s Companies from $225.00 to $250.00 and gave the company an “in-line” rating in a research note on Wednesday, August 21st. Eleven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $265.63.

Lowe’s Companies Stock Up 1.0 %

Shares of Lowe’s Companies stock traded up $2.65 on Friday, hitting $275.86. The stock had a trading volume of 319,555 shares, compared to its average volume of 2,459,872. The stock has a market cap of $156.49 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. The business’s 50 day moving average is $252.10 and its two-hundred day moving average is $237.64. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $278.10.

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 for the quarter, beating the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The company had revenue of $23.59 billion for the quarter, compared to the consensus estimate of $23.93 billion. During the same quarter last year, the business posted $4.56 EPS. Lowe’s Companies’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 11.91 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be paid a $1.15 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, October 23rd. This represents a $4.60 annualized dividend and a yield of 1.67%. Lowe’s Companies’s dividend payout ratio is presently 38.14%.

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.