TRUE Private Wealth Advisors lifted its holdings in Lowe’s Companies, Inc.(NYSE:LOW) by 80.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).The institutional investor owned 3,313 shares of the home improvement retailer’s stock after purchasing an additional 1,479 shares during the quarter.TRUE Private Wealth Advisors’ holdings in Lowe’s Companies were worth $549,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of LOW.Public Employees Retirement Association of Colorado boosted its position in shares of Lowe’s Companies by 3.9% in the 1st quarter.Public Employees Retirement Association of Colorado now owns 144,989 shares of the home improvement retailer’s stock worth $12,476,000 after purchasing an additional 5,436 shares in the last quarter.ETF Managers Group LLC boosted its position in shares of Lowe’s Companies by 11.4% in the 1st quarter.
ETF Managers Group LLC now owns 2,535 shares of the home improvement retailer’s stock worth $225,000 after purchasing an additional 260 shares in the last quarter.Janus Henderson Group PLC boosted its position in shares of Lowe’s Companies by 128.3% in the 1st quarter.Janus Henderson Group PLC now owns 1,593,559 shares of the home improvement retailer’s stock worth $137,133,000 after purchasing an additional 895,460 shares in the last quarter.Geode Capital Management LLC boosted its position in shares of Lowe’s Companies by 0.5% in the 1st quarter.Geode Capital Management LLC now owns 10,403,533 shares of the home improvement retailer’s stock worth $893,464,000 after purchasing an additional 47,959 shares in the last quarter.Finally, Mackenzie Financial Corp boosted its position in shares of Lowe’s Companies by 11.7% in the 1st quarter.Mackenzie Financial Corp now owns 810,132 shares of the home improvement retailer’s stock worth $69,712,000 after purchasing an additional 84,896 shares in the last quarter.
74.63% of the stock is owned by hedge funds and other institutional investors.Get Lowe’s Companies alerts:
A number of equities analysts recently issued reports on LOW shares.
BNP Paribas started coverage on Lowe’s Companies in a research note on Monday, October 5th.They issued a “neutral” rating and a $159.00 target price for the company.Goldman Sachs Group raised their target price on Lowe’s Companies from $149.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th.Piper Sandler raised their target price on Lowe’s Companies from $170.00 to $185.00 in a research note on Thursday, August 20th.Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “strong-buy” rating and set a $187.00 target price for the company in a research note on Monday, August 24th.
Finally, Truist Securiti raised their target price on Lowe’s Companies from $135.00 to $178.00 in a research note on Wednesday, August 12th.Four investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock.The stock presently has a consensus rating of “Buy” and an average price target of $168.30.
In related news, EVP Ross W.Mccanless sold 62,838 shares of Lowe’s Companies stock in a transaction dated Wednesday, August 26th.The stock was sold at an average price of $168.33, for a total value of $10,577,520.54.Following the sale, the executive vice president now directly owns 72,967 shares in the company, valued at approximately $12,282,535.11.The transaction was disclosed in a legal filing with the SEC, which is available at this link .
Insiders own 0.07% of the company’s stock.
LOW stock opened at $173.23 on Friday.The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 4.64.
Lowe’s Companies, Inc.has a 12-month low of $60.00 and a 12-month high of $175.00.The stock has a market cap of $130.92 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.19 and a beta of 1.48.The business’s 50-day moving average is $162.96 and its 200 day moving average is $131.71.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 19th.The home improvement retailer reported $3.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.95 by $0.80.
Lowe’s Companies had a return on equity of 228.17% and a net margin of 7.12%.
The company had revenue of $27.30 billion for the quarter, compared to analysts’ expectations of $24.24 billion.During the same period in the previous year, the firm posted $2.15 EPS.Lowe’s Companies’s revenue was up 30.1% compared to the same quarter last year.As a group, equities analysts forecast that Lowe’s Companies, Inc.
will post 8.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th.Investors of record on Wednesday, October 21st will be issued a $0.60 dividend.This represents a $2.40 annualized dividend and a yield of 1.39%.This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.55.
The ex-dividend date is Tuesday, October 20th.Lowe’s Companies’s payout ratio is presently 38.46%.
Lowe’s Companies 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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