1 week Ago By ABMN Staff
Certuity LLC reduced its position in Lowe’s Companies, Inc. ( NYSE:LOW – Free Report ) by 32.8% during the second quarter, according to its most recent 13F filing with the SEC.
The firm owned 2,696 shares of the home improvement retailer’s stock after selling 1,318 shares during the period. Certuity LLC’s holdings in Lowe’s Companies were worth $594,000 as of its most recent SEC filing. Several other institutional investors have also added to or reduced their stakes in the business.
Drive Wealth Management LLC raised its holdings in Lowe’s Companies by 2.2% during the 2nd quarter. Drive Wealth Management LLC now owns 1,894 shares of the home improvement retailer’s stock valued at $418,000 after acquiring an additional 41 shares during the period.
Crown Wealth Group LLC lifted its holdings in Lowe’s Companies by 4.4% during the 2nd quarter. Crown Wealth Group LLC now owns 1,051 shares of the home improvement retailer’s stock worth $232,000 after purchasing an additional 44 shares in the last quarter.
Pure Financial Advisors LLC boosted its stake in Lowe’s Companies by 2.5% in the 2nd quarter. Pure Financial Advisors LLC now owns 1,813 shares of the home improvement retailer’s stock worth $400,000 after purchasing an additional 45 shares during the period.
BLB&B Advisors LLC grew its holdings in Lowe’s Companies by 2.2% during the 2nd quarter. BLB&B Advisors LLC now owns 2,062 shares of the home improvement retailer’s stock valued at $454,000 after buying an additional 45 shares in the last quarter.
Finally, First Bank & Trust increased its position in shares of Lowe’s Companies by 3.1% during the first quarter. First Bank & Trust now owns 1,509 shares of the home improvement retailer’s stock valued at $384,000 after buying an additional 46 shares during the period.
74.06% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several equities analysts recently commented on the stock.
Piper Sandler reduced their price objective on shares of Lowe’s Companies from $264.00 to $262.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st.
Bank of America lowered their price objective on Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st.
Wells Fargo & Company reduced their target price on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st.
Stifel Nicolaus raised their price target on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a report on Monday, May 13th.
Finally, JPMorgan Chase & Co. decreased their price objective on shares of Lowe’s Companies from $272.00 to $270.
00 and set an “overweight” rating on the stock in a research report on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $252.
83. Lowe’s Companies Trading Down 0.1 % Shares of LOW stock opened at $243.
81 on Monday. The company’s fifty day moving average price is $236.53 and its 200-day moving average price is $234.
20. The stock has a market cap of $138.31 billion, a PE ratio of 19.
58, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10.
Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.
49. Lowe’s Companies ( NYSE:LOW – Get Free Report ) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.
10 EPS for the quarter, topping the consensus estimate of $3.96 by $0.14.
Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%.
The business had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion.
During the same quarter in the previous year, the firm posted $4.56 earnings per share. Lowe’s Companies’s quarterly revenue was down 5.
5% on a year-over-year basis. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.
93 earnings per share for the current fiscal year. Lowe’s Companies Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a dividend of $1.
15 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15.
This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.89%.
The ex-dividend date is Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio is presently 36.95%.
Lowe’s Companies Profile ( Free Report ) 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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