CVA Family Office LLC Has $375,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

CVA Family Office LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,661 shares of the home improvement retailer’s stock after purchasing an additional 79 shares during the quarter. CVA Family Office LLC’s holdings in Lowe’s Companies were worth $375,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ritter Daniher Financial Advisory LLC DE grew its holdings 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 valued at $26,000 after purchasing an additional 100 shares during the period. Tanglewood Legacy Advisors LLC acquired a new position in Lowe’s Companies during the fourth quarter valued at approximately $30,000. Grey Fox Wealth Advisors LLC acquired a new position in Lowe’s Companies during the fourth quarter valued at approximately $31,000. Ruedi Wealth Management Inc. acquired a new position in Lowe’s Companies during the fourth quarter valued at approximately $32,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in Lowe’s Companies during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 71.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LOW. Loop Capital upped their price target on shares of Lowe’s Companies from $215.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, August 23rd. Barclays reduced their price target on shares of Lowe’s Companies from $215.00 to $212.00 in a report on Wednesday, May 24th. Oppenheimer reiterated an “outperform” rating and issued a $275.00 price target on shares of Lowe’s Companies in a report on Wednesday, August 9th. Guggenheim upped their price target on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, DA Davidson upped their price target on shares of Lowe’s Companies from $228.00 to $237.00 in a report on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $237.48.

Lowe’s Companies Price Performance

NYSE:LOW opened at $220.02 on Friday. 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 P/E ratio of 21.66, a P/E/G ratio of 1.49 and a beta of 1.09. The firm’s fifty day moving average price is $227.97 and its two-hundred day moving average price is $213.39.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, August 22nd. The home improvement retailer reported $4.56 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $24.97 billion. During the same period in the previous year, the company earned $4.67 earnings per share. The company’s quarterly revenue was down 9.2% on a year-over-year basis. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 13.46 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

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

Insider Activity at Lowe’s Companies

In related news, EVP Janice Dupre sold 5,380 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 24,216 shares in the company, valued at $5,600,676.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Joseph Michael Mcfarland sold 4,500 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $222.53, for a total value of $1,001,385.00. Following the transaction, the executive vice president now directly owns 46,594 shares in the company, valued at $10,368,562.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Janice Dupre sold 5,380 shares of the 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 owns 24,216 shares in the company, valued at $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 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.