Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by J.W. Cole Advisors Inc.
J.W. Cole Advisors Inc. lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,183 shares of the home improvement retailer’s stock after selling 416 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Lowe’s Companies were worth $1,746,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC grew its stake in Lowe’s Companies by 208.0% in the 4th quarter. Tortoise Investment Management LLC now owns 154 shares of the home improvement retailer’s stock valued at $25,000 after acquiring an additional 104 shares during the period. RWM Asset Management LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth $26,000. DB Wealth Management Group LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth $31,000. Perennial Advisors LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth $32,000. Finally, Safeguard Investment Advisory Group LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth $36,000. 76.11% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director David H. Batchelder purchased 6,250 shares of the business’s stock in a transaction dated Friday, February 26th. The stock was acquired at an average price of $159.48 per share, for a total transaction of $996,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, February 23rd. The home improvement retailer reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.12. The business had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.54 billion. Lowe’s Companies had a return on equity of 211.33% and a net margin of 6.29%. During the same period in the prior year, the company earned $0.94 earnings per share. Research analysts predict that Lowe’s Companies, Inc. will post 8.7 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 5th. Stockholders of record on Wednesday, April 21st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, April 20th. Lowe’s Companies’s payout ratio is currently 41.96%.
Several brokerages have issued reports on LOW. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on shares of Lowe’s Companies in a research note on Monday, March 15th. They set a “buy” rating and a $195.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on Lowe’s Companies from $177.00 to $204.00 and gave the stock a “neutral” rating in a report on Monday, April 26th. Citigroup assumed coverage on Lowe’s Companies in a report on Monday, March 15th. They set a “buy” rating and a $195.00 price target on the stock. Atlantic Securities upgraded Lowe’s Companies from a “neutral” rating to an “overweight” rating and set a $240.00 price target on the stock in a report on Tuesday, April 20th. Finally, Gordon Haskett upgraded Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 price target on the stock in a report on Wednesday, March 3rd. Six analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Lowe’s Companies currently has an average rating of “Buy” and an average target price of $182.29.
Lowe’s Companies Company Profile
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 in various categories, such as appliances, dÃ©cor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.
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