AdvisorNet Financial Inc Has $975,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

AdvisorNet Financial Inc grew its stake in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 15.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,583 shares of the home improvement retailer’s stock after buying an additional 747 shares during the period. AdvisorNet Financial Inc’s holdings in Lowe’s Companies were worth $975,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LOW. Covestor Ltd acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth about $44,000. Advisor Resource Council acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth about $641,000. Eagle Asset Management Inc. increased its stake in shares of Lowe’s Companies by 1.9% in the fourth quarter. Eagle Asset Management Inc. now owns 20,923 shares of the home improvement retailer’s stock worth $5,364,000 after purchasing an additional 385 shares during the period. PFS Investments Inc. increased its stake in shares of Lowe’s Companies by 12.8% in the fourth quarter. PFS Investments Inc. now owns 8,969 shares of the home improvement retailer’s stock worth $2,318,000 after purchasing an additional 1,016 shares during the period. Finally, Level Four Advisory Services LLC increased its stake in shares of Lowe’s Companies by 2.3% in the fourth quarter. Level Four Advisory Services LLC now owns 7,182 shares of the home improvement retailer’s stock worth $1,856,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 74.04% of the company’s stock.

Lowe’s Companies Stock Up 0.4 %

LOW stock opened at $191.81 on Friday. The business’s fifty day moving average is $197.29 and its 200-day moving average is $198.71. The company has a market cap of $119.06 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.08 and a beta of 1.22. Lowe’s Companies, Inc. has a twelve month low of $170.12 and a twelve month high of $263.31.

Lowe’s Companies (NYSE:LOWGet Rating) last posted its quarterly earnings results on Wednesday, August 17th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $27.48 billion for the quarter, compared to the consensus estimate of $28.16 billion. Lowe’s Companies had a negative return on equity of 155.26% and a net margin of 8.83%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.25 EPS. Research analysts anticipate that Lowe’s Companies, Inc. will post 13.51 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, October 18th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.10%.

Insider Activity

In other news, EVP Seemantini Godbole sold 11,761 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $214.37, for a total value of $2,521,205.57. Following the transaction, the executive vice president now owns 26,575 shares of the company’s stock, valued at approximately $5,696,882.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LOW shares. Morgan Stanley dropped their price objective on Lowe’s Companies from $280.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. TheStreet upgraded Lowe’s Companies from a “c+” rating to a “b” rating in a research note on Monday, August 29th. Jefferies Financial Group lifted their price objective on Lowe’s Companies from $238.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. DA Davidson lifted their price objective on Lowe’s Companies from $225.00 to $247.00 in a research note on Thursday, August 18th. Finally, Wedbush boosted their price target on Lowe’s Companies from $200.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $244.05.

Lowe’s Companies Profile

(Get Rating)

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, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, lighting, and electrical.

Read More

Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.