Sequoia Financial Advisors LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 44.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,871 shares of the home improvement retailer’s stock after acquiring an additional 3,041 shares during the period. Sequoia Financial Advisors LLC’s holdings in Lowe’s Companies were worth $1,996,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Joseph P. Lucia & Associates LLC purchased a new stake in Lowe’s Companies during the 1st quarter valued at about $27,000. Macroview Investment Management LLC grew its stake in Lowe’s Companies by 49.1% during the 1st quarter. Macroview Investment Management LLC now owns 158 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 52 shares in the last quarter. Delos Wealth Advisors LLC grew its stake in Lowe’s Companies by 388.2% during the 4th quarter. Delos Wealth Advisors LLC now owns 166 shares of the home improvement retailer’s stock valued at $43,000 after acquiring an additional 132 shares in the last quarter. O Dell Group LLC purchased a new stake in Lowe’s Companies during the 1st quarter valued at about $34,000. Finally, Covestor Ltd purchased a new stake in Lowe’s Companies during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 74.04% of the company’s stock.
In other news, EVP Seemantini Godbole sold 11,761 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $214.37, for a total value of $2,521,205.57. Following the sale, the executive vice president now directly owns 26,575 shares in the company, valued at approximately $5,696,882.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.24% of the company’s stock.
Lowe’s Companies Stock Up 1.5 %
Lowe’s Companies (NYSE:LOW – Get Rating) last announced its quarterly earnings data on Wednesday, August 17th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Lowe’s Companies had a net margin of 8.83% and a negative return on equity of 155.26%. The business had revenue of $27.48 billion for the quarter, compared to analyst estimates of $28.16 billion. During the same period last year, the business earned $4.25 EPS. The company’s revenue was down .3% on a year-over-year basis. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 13.51 earnings per share for the current fiscal year.
Lowe’s Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, October 18th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.05%. Lowe’s Companies’s payout ratio is 33.10%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Evercore ISI increased their price target on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, August 18th. Truist Financial increased their price target on shares of Lowe’s Companies from $237.00 to $263.00 and gave the company a “buy” rating in a research note on Thursday, August 18th. TheStreet raised shares of Lowe’s Companies from a “c+” rating to a “b” rating in a research note on Monday, August 29th. MKM Partners increased their price target on shares of Lowe’s Companies from $190.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, August 18th. Finally, Citigroup increased their price target on shares of Lowe’s Companies to $217.00 in a research note on Monday, August 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.05.
Lowe’s Companies Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.
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