Flagship Harbor Advisors LLC Sells 177 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Flagship Harbor Advisors LLC cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,739 shares of the home improvement retailer’s stock after selling 177 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Lowe’s Companies were worth $1,972,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ritter Daniher Financial Advisory LLC DE boosted its stake in Lowe’s Companies by 357.1% in the first quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Tanglewood Legacy Advisors LLC acquired a new stake in Lowe’s Companies in the fourth quarter worth $30,000. Grey Fox Wealth Advisors LLC acquired a new stake in Lowe’s Companies in the fourth quarter worth $31,000. Ruedi Wealth Management Inc. acquired a new stake in Lowe’s Companies in the fourth quarter worth $32,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in Lowe’s Companies in the fourth quarter worth $35,000. 71.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Joseph Michael Mcfarland sold 4,500 shares of Lowe’s Companies stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $222.53, for a total transaction of $1,001,385.00. Following the completion of the sale, the executive vice president now owns 46,594 shares of the company’s stock, valued at approximately $10,368,562.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Joseph Michael Mcfarland sold 4,500 shares of Lowe’s Companies stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $222.53, for a total transaction of $1,001,385.00. Following the completion of the sale, the executive vice president now owns 46,594 shares of the company’s stock, valued at approximately $10,368,562.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Janice Dupre sold 5,380 shares of Lowe’s Companies stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $231.28, for a total transaction of $1,244,286.40. Following the sale, the executive vice president now directly owns 24,216 shares of the company’s stock, valued at approximately $5,600,676.48. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Lowe’s Companies Price Performance

Shares of LOW opened at $220.02 on Monday. The firm has a 50-day moving average of $227.93 and a 200-day moving average of $213.68. Lowe’s Companies, Inc. has a one year low of $176.50 and a one year high of $237.21. The company has a market cap of $126.98 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.09.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, August 22nd. The home improvement retailer reported $4.56 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.07. Lowe’s Companies had a net margin of 6.48% and a negative return on equity of 58.56%. The company had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.97 billion. During the same quarter last year, the firm posted $4.67 EPS. The company’s quarterly revenue was down 9.2% on a year-over-year basis. Analysts expect that Lowe’s Companies, Inc. will post 13.46 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, October 25th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s payout ratio is 43.31%.

Analyst Ratings Changes

Several research firms have weighed in on LOW. Guggenheim increased their target price on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Wells Fargo & Company increased their target price on shares of Lowe’s Companies from $245.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, August 23rd. UBS Group increased their target price on shares of Lowe’s Companies from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Stifel Nicolaus started coverage on shares of Lowe’s Companies in a report on Wednesday, September 6th. They issued a “buy” rating and a $270.00 target price on the stock. Finally, Sanford C. Bernstein upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $252.00 to $282.00 in a report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $237.48.

Lowe’s Companies Profile

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.