Stephens Inc. AR Acquires 8,618 Shares of Lowe’s Companies, Inc. (NYSE:LOW)
Stephens Inc. AR grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,624 shares of the home improvement retailer’s stock after purchasing an additional 8,618 shares during the quarter. Stephens Inc. AR’s holdings in Lowe’s Companies were worth $17,924,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Advisors Preferred LLC bought a new position in Lowe’s Companies in the 1st quarter worth $26,000. Icon Wealth Partners LLC bought a new position in Lowe’s Companies in the 1st quarter worth $26,000. Weaver Consulting Group bought a new position in Lowe’s Companies in the 1st quarter worth $28,000. Prime Capital Investment Advisors LLC bought a new position in Lowe’s Companies in the 1st quarter worth $33,000. Finally, Thor Advisors LLC bought a new position in Lowe’s Companies in the 1st quarter worth $35,000. Institutional investors and hedge funds own 76.36% of the company’s stock.
In other Lowe’s Companies news, EVP Donald Frieson bought 2,030 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The shares were acquired at an average cost of $98.69 per share, for a total transaction of $200,340.70. Following the transaction, the executive vice president now owns 10,980 shares in the company, valued at $1,083,616.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marvin R. Ellison bought 10,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were acquired at an average price of $95.05 per share, for a total transaction of $950,500.00. Following the completion of the transaction, the insider now owns 80,090 shares in the company, valued at approximately $7,612,554.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 12,280 shares of company stock worth $1,174,566. 0.07% of the stock is owned by company insiders.
Shares of Lowe’s Companies stock traded down $2.49 during trading on Wednesday, hitting $94.09. 432,021 shares of the company’s stock traded hands, compared to its average volume of 4,719,550. The company has a current ratio of 1.09, a quick ratio of 0.24 and a debt-to-equity ratio of 6.37. The business’s fifty day simple moving average is $102.18. Lowe’s Companies, Inc. has a twelve month low of $84.75 and a twelve month high of $118.23. The firm has a market cap of $77.16 billion, a P/E ratio of 18.40, a PEG ratio of 1.28 and a beta of 1.36.
Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.65 billion. During the same quarter last year, the firm posted $1.19 earnings per share. Lowe’s Companies’s revenue was up 2.2% on a year-over-year basis. As a group, research analysts predict that Lowe’s Companies, Inc. will post 5.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th were given a dividend of $0.55 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.48. This represents a $2.20 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Tuesday, July 23rd. Lowe’s Companies’s payout ratio is 42.80%.
Lowe’s Companies Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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