Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 598.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,170 shares of the home improvement retailer’s stock after buying an additional 7,858 shares during the period. Graham Capital Management L.P.’s holdings in Lowe’s Companies were worth $1,854,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in shares of Lowe’s Companies by 1.0% during the 4th quarter. State Street Corp now owns 30,861,324 shares of the home improvement retailer’s stock worth $7,977,035,000 after acquiring an additional 296,707 shares in the last quarter. Norges Bank purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at $1,751,232,000. Invesco Ltd. boosted its position in shares of Lowe’s Companies by 13.0% in the 1st quarter. Invesco Ltd. now owns 5,809,836 shares of the home improvement retailer’s stock valued at $1,174,691,000 after purchasing an additional 666,437 shares during the period. Egerton Capital UK LLP increased its stake in Lowe’s Companies by 56.2% in the 1st quarter. Egerton Capital UK LLP now owns 3,610,961 shares of the home improvement retailer’s stock worth $730,100,000 after purchasing an additional 1,299,622 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in Lowe’s Companies by 1,121.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 3,302,622 shares of the home improvement retailer’s stock worth $853,662,000 after buying an additional 3,032,297 shares during the period. Institutional investors and hedge funds own 74.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on LOW. Piper Sandler raised their target price on shares of Lowe’s Companies to $248.00 in a report on Monday, August 22nd. Wells Fargo & Company raised their price objective on shares of Lowe’s Companies from $220.00 to $245.00 in a research note on Wednesday, August 17th. JPMorgan Chase & Co. cut their target price on shares of Lowe’s Companies from $230.00 to $210.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 9th. Jefferies Financial Group raised their target price on Lowe’s Companies from $238.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, August 18th. Finally, Evercore ISI upped their price target on Lowe’s Companies from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.05.

Insider Activity

In related news, EVP Seemantini Godbole sold 11,761 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $214.37, for a total value of $2,521,205.57. Following the completion of the sale, the executive vice president now directly owns 26,575 shares in the company, valued at approximately $5,696,882.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.24% of the stock is currently owned by insiders.

Lowe’s Companies Stock Up 0.6 %

NYSE LOW opened at $205.65 on Friday. The stock has a market capitalization of $127.65 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22. Lowe’s Companies, Inc. has a 12-month low of $170.12 and a 12-month high of $263.31. The company has a 50 day moving average price of $195.77 and a two-hundred day moving average price of $199.40.

Lowe’s Companies (NYSE:LOWGet Rating) last released its quarterly earnings results 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. The business had revenue of $27.48 billion for the quarter, compared to the consensus estimate of $28.16 billion. Lowe’s Companies had a net margin of 8.83% and a negative return on equity of 155.26%. Lowe’s Companies’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $4.25 EPS. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 13.51 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be paid a dividend of $1.05 per share. The ex-dividend date is Tuesday, October 18th. This represents a $4.20 annualized dividend and a dividend yield of 2.04%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.10%.

Lowe’s Companies Profile

(Get Rating)

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.

Read More

Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.