Citizens Financial Group Inc. RI Has $7.37 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

Citizens Financial Group Inc. RI lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 22.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 29,308 shares of the home improvement retailer’s stock after acquiring an additional 5,396 shares during the period. Citizens Financial Group Inc. RI’s holdings in Lowe’s Companies were worth $7,365,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LOW. Brighton Jones LLC boosted its stake in Lowe’s Companies by 119.7% in 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 in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Lowe’s Companies by 31.6% during 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 period. Capital Asset Advisory Services LLC boosted its stake in shares of Lowe’s Companies by 25.8% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,443 shares of the home improvement retailer’s stock valued at $330,000 after purchasing an additional 296 shares in the last quarter. GK Wealth Management LLC grew its holdings in shares of Lowe’s Companies by 7.6% in the 2nd quarter. GK Wealth Management LLC now owns 1,607 shares of the home improvement retailer’s stock worth $357,000 after purchasing an additional 113 shares during the last quarter. Finally, S.E.E.D. Planning Group LLC increased its position in shares of Lowe’s Companies by 25.3% during the 2nd quarter. S.E.E.D. Planning Group LLC now owns 29,676 shares of the home improvement retailer’s stock worth $6,584,000 after purchasing an additional 5,985 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Lowe’s Companies in a research report on Monday, December 29th. Telsey Advisory Group cut their target price on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. HSBC decreased their price target on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating on the stock in a research report on Friday, November 21st. TD Cowen cut their price objective on 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. Finally, JPMorgan Chase & Co. boosted their price objective on Lowe’s Companies from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Eighteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $277.52.

Insider Activity

In other news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the sale, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. The trade was a 7.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $270.93 on Tuesday. The company has a market cap of $151.98 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 4.43 and a beta of 0.96. The stock’s fifty day moving average price is $241.68 and its two-hundred day moving average price is $243.20. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $274.98.

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

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. Lowe’s Companies’s dividend payout ratio is presently 39.80%.

About Lowe’s Companies

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.