Retirement Planning Group LLC Purchases 3,080 Shares of Lowe’s Companies, Inc. $LOW

Retirement Planning Group LLC lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 271.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,213 shares of the home improvement retailer’s stock after buying an additional 3,080 shares during the quarter. Retirement Planning Group LLC’s holdings in Lowe’s Companies were worth $1,059,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new stake in Lowe’s Companies in the 2nd quarter valued at about $1,773,624,000. Tableaux LLC bought a new position in shares of Lowe’s Companies during the second quarter worth approximately $282,884,000. Laurel Wealth Advisors LLC raised its position in shares of Lowe’s Companies by 22,167.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock valued at $229,041,000 after buying an additional 1,027,683 shares in the last quarter. Worldquant Millennium Advisors LLC raised its position in shares of Lowe’s Companies by 243.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock valued at $247,817,000 after buying an additional 791,526 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Lowe’s Companies by 101.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,244,941 shares of the home improvement retailer’s stock valued at $312,866,000 after buying an additional 626,829 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the sale, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LOW. Evercore ISI reaffirmed a “positive” rating on shares of Lowe’s Companies in a report on Thursday, November 20th. Argus decreased their price target on Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Mizuho cut their price objective on shares of Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. HSBC decreased their target price on shares of Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating on the stock in a report on Friday, November 21st. Finally, Telsey Advisory Group cut their price target on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $279.35.

Lowe’s Companies Trading Up 0.3%

Shares of NYSE LOW opened at $275.03 on Thursday. The company has a market cap of $154.28 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 4.55 and a beta of 0.96. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $278.10. The stock has a 50-day moving average price of $243.23 and a two-hundred day moving average price of $243.78.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.09. The company had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.89 EPS. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. Lowe’s Companies’s dividend payout ratio is 39.80%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.