Nicholas Hoffman & Company LLC. reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,700 shares of the home improvement retailer’s stock after selling 94 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Lowe’s Companies were worth $663,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cordasco Financial Network acquired a new stake in shares of Lowe’s Companies in the first quarter valued at approximately $25,000. Benjamin Edwards Inc. grew its position in shares of Lowe’s Companies by 43.0% in the first quarter. Benjamin Edwards Inc. now owns 296 shares of the home improvement retailer’s stock valued at $25,000 after purchasing an additional 89 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of Lowe’s Companies by 146.3% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 303 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 180 shares during the last quarter. Filbrandt Wealth Management LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $29,000. Finally, Islay Capital Management LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $30,000. Institutional investors own 76.15% of the company’s stock.
Several analysts have recently commented on the stock. Wells Fargo & Co reiterated a “buy” rating and issued a $135.00 price target on shares of Lowe’s Companies in a research report on Wednesday. Longbow Research increased their price target on shares of Lowe’s Companies from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday. Jefferies Financial Group increased their price target on shares of Lowe’s Companies from $121.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Guggenheim reissued a “buy” rating and set a $135.00 price objective on shares of Lowe’s Companies in a research note on Wednesday. Finally, Telsey Advisory Group reissued an “outperform” rating on shares of Lowe’s Companies in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $132.54.
In other Lowe’s Companies news, CEO Marvin R. Ellison bought 10,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $103.86 per share, with a total value of $1,038,600.00. Following the purchase, the chief executive officer now owns 90,090 shares in the company, valued at approximately $9,356,747.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.07% of the company’s stock.
NYSE:LOW traded up $1.61 during trading hours on Friday, reaching $122.25. 6,063,492 shares of the company were exchanged, compared to its average volume of 6,207,421. The stock has a 50 day simple moving average of $101.42 and a 200 day simple moving average of $110.02. Lowe’s Companies, Inc. has a 52-week low of $60.00 and a 52-week high of $126.73. The company has a debt-to-equity ratio of 14.05, a current ratio of 1.20 and a quick ratio of 0.14. The firm has a market cap of $91.08 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.33 and a beta of 1.38.
Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $1.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.45. Lowe’s Companies had a net margin of 6.17% and a return on equity of 220.44%. The business had revenue of $19.68 billion for the quarter, compared to the consensus estimate of $18.33 billion. During the same quarter last year, the firm posted $1.22 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts predict that Lowe’s Companies, Inc. will post 5.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, April 21st. Lowe’s Companies’s dividend payout ratio is presently 38.46%.
About Lowe’s Companies
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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