Oliver Lagore Vanvalin Investment Group increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 1,518.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 437 shares of the home improvement retailer’s stock after purchasing an additional 410 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Lowe’s Companies were worth $87,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ritter Daniher Financial Advisory LLC DE increased its stake in Lowe’s Companies by 357.1% during the first quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 100 shares during the period. Tanglewood Legacy Advisors LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth about $30,000. Grey Fox Wealth Advisors LLC acquired a new position in Lowe’s Companies during the 4th quarter worth approximately $31,000. Ruedi Wealth Management Inc. purchased a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $32,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at $35,000. 71.88% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Evercore ISI lowered their target price on shares of Lowe’s Companies from $240.00 to $235.00 and set an “in-line” rating for the company in a research note on Friday, September 8th. UBS Group raised their target price on Lowe’s Companies from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Sanford C. Bernstein upgraded shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and increased their price target for the company from $252.00 to $282.00 in a research note on Tuesday, September 5th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Finally, Truist Financial increased their target price on shares of Lowe’s Companies from $249.00 to $256.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $237.48.
Insider Buying and Selling
In other Lowe’s Companies news, EVP Janice Dupre sold 5,380 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $231.28, for a total value of $1,244,286.40. Following the completion of the sale, the executive vice president now owns 24,216 shares of the company’s stock, valued at $5,600,676.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Joseph Michael Mcfarland sold 4,500 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $222.53, for a total value of $1,001,385.00. Following the completion of the transaction, the executive vice president now owns 46,594 shares of the company’s stock, valued at $10,368,562.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Janice Dupre sold 5,380 shares of the business’s 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 completion of 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 corporate insiders.
Lowe’s Companies Stock Down 0.7 %
LOW opened at $228.82 on Thursday. Lowe’s Companies, Inc. has a 52-week low of $176.50 and a 52-week high of $237.21. The company has a 50 day moving average of $227.72 and a two-hundred day moving average of $213.15. The company has a market cap of $132.06 billion, a P/E ratio of 22.52, a P/E/G ratio of 1.52 and a beta of 1.09.
Lowe’s Companies (NYSE:LOW – Get Free Report) last announced its quarterly earnings results on Tuesday, August 22nd. The home improvement retailer reported $4.56 earnings per share for the quarter, topping 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 firm had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.97 billion. During the same period in the prior year, the company earned $4.67 EPS. The firm’s revenue was down 9.2% on a year-over-year basis. Research analysts anticipate that Lowe’s Companies, Inc. will post 13.45 earnings per share for the current year.
Lowe’s Companies Dividend Announcement
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. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $4.40 annualized dividend and a dividend yield of 1.92%. Lowe’s Companies’s payout ratio is currently 43.31%.
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.
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