3,414 Shares in Lowe’s Companies, Inc. $LOW Acquired by Davis Capital Management

Davis Capital Management purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,414 shares of the home improvement retailer’s stock, valued at approximately $858,000.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after buying an additional 17,413 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 259 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Lowe’s Companies by 29.0% in the first quarter. AQR Capital Management LLC now owns 139,088 shares of the home improvement retailer’s stock valued at $31,943,000 after acquiring an additional 31,234 shares during the last quarter. Banque Transatlantique SA purchased a new stake in Lowe’s Companies during the first quarter valued at about $65,000. Finally, Hancock Whitney Corp increased its stake in Lowe’s Companies by 3.7% during the first quarter. Hancock Whitney Corp now owns 5,142 shares of the home improvement retailer’s stock worth $1,199,000 after acquiring an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 2.3%

LOW opened at $246.77 on Friday. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $274.98. The firm has a market cap of $138.43 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 4.09 and a beta of 0.96. The company has a fifty day simple moving average of $239.83 and a 200 day simple moving average of $241.37.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.89 EPS. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders 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 yield of 1.9%. Lowe’s Companies’s payout ratio is currently 39.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LOW shares. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Stifel Nicolaus boosted their price objective on shares of Lowe’s Companies from $230.00 to $250.00 and gave the stock a “hold” rating in a research note on Monday, December 1st. TD Cowen dropped their price objective on shares of Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Oppenheimer reduced their target price on shares of Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. Finally, Evercore ISI reiterated a “positive” rating on shares of Lowe’s Companies in a report on Thursday, November 20th. Seventeen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $276.80.

Lowe’s Companies 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.