Clarus Wealth Advisors increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 93.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,599 shares of the home improvement retailer’s stock after acquiring an additional 2,705 shares during the period. Clarus Wealth Advisors’ holdings in Lowe’s Companies were worth $616,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in LOW. Next Capital Management LLC purchased a new position in Lowe’s Companies in the second quarter worth $27,000. Weaver Consulting Group purchased a new position in Lowe’s Companies in the first quarter worth $28,000. Knuff & Co LLC purchased a new position in Lowe’s Companies in the second quarter worth $29,000. Pearl River Capital LLC purchased a new position in Lowe’s Companies in the second quarter worth $29,000. Finally, Ossiam purchased a new position in Lowe’s Companies in the second quarter worth $31,000. Institutional investors own 76.23% of the company’s stock.
Several research analysts recently issued reports on the stock. Raymond James lowered shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating in a research report on Tuesday. ValuEngine downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Credit Suisse Group reissued a “neutral” rating and issued a $114.00 price target (up from $99.00) on shares of Lowe’s Companies in a research note on Thursday, August 22nd. Goldman Sachs Group began coverage on shares of Lowe’s Companies in a research note on Thursday, July 11th. They issued a “buy” rating and a $119.00 price target for the company. Finally, Royal Bank of Canada boosted their price target on shares of Lowe’s Companies from $123.00 to $129.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $119.48.
Shares of NYSE:LOW traded up $2.62 during midday trading on Friday, hitting $110.81. 3,650,844 shares of the stock traded hands, compared to its average volume of 3,862,659. The stock has a market capitalization of $82.20 billion, a PE ratio of 21.56, a P/E/G ratio of 1.35 and a beta of 1.30. The business’s 50 day moving average is $110.47 and its two-hundred day moving average is $105.75. The company has a quick ratio of 0.19, a current ratio of 1.06 and a debt-to-equity ratio of 7.80. Lowe’s Companies, Inc. has a one year low of $84.75 and a one year high of $118.23.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 EPS for the quarter, beating the consensus estimate of $2.00 by $0.15. The firm had revenue of $20.99 billion during the quarter, compared to the consensus estimate of $20.96 billion. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.07 earnings per share. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 5.67 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Tuesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 42.80%.
In other news, CAO Matthew V. Hollifield sold 12,136 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total transaction of $1,363,358.24. Following the completion of the transaction, the chief accounting officer now directly owns 28,017 shares of the company’s stock, valued at $3,147,429.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer L. Weber sold 12,589 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the transaction, the executive vice president now directly owns 17,440 shares of the company’s stock, valued at $1,964,092.80. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.
Lowe’s Companies Company 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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