Lowe’s Companies, Inc. $LOW Shares Bought by Cwm LLC

Cwm LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 21.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,799 shares of the home improvement retailer’s stock after buying an additional 9,117 shares during the quarter. Cwm LLC’s holdings in Lowe’s Companies were worth $13,018,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Howard Hughes Medical Institute acquired a new position in Lowe’s Companies during the 2nd quarter worth approximately $27,000. Solstein Capital LLC lifted its position in shares of Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 113 shares during the last quarter. Traub Capital Management LLC purchased a new stake in shares of Lowe’s Companies during the 2nd quarter worth $30,000. Vermillion & White Wealth Management Group LLC grew its stake in shares of Lowe’s Companies by 128.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 76 shares in the last quarter. Finally, Olistico Wealth LLC purchased a new position in Lowe’s Companies in the second quarter valued at $33,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on LOW shares. Truist Financial set a $269.00 price target on Lowe’s Companies in a report on Wednesday, December 17th. HSBC decreased their target price on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a research note on Friday, November 21st. Evercore ISI reiterated a “positive” rating on shares of Lowe’s Companies in a research note on Thursday, November 20th. Mizuho cut their price objective on shares of Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Finally, Sanford C. Bernstein upped their target price on shares of Lowe’s Companies from $282.00 to $284.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Seventeen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $276.80.

Lowe’s Companies Trading Up 0.6%

Shares of NYSE LOW opened at $244.55 on Monday. The stock has a market cap of $137.18 billion, a P/E ratio of 20.28, a P/E/G ratio of 4.05 and a beta of 0.96. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $274.98. The stock has a 50 day moving average of $239.87 and a two-hundred day moving average of $240.62.

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

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is presently 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.