Lowe’s Companies, Inc. $LOW Stake Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 478,707 shares of the home improvement retailer’s stock after buying an additional 38,457 shares during the quarter. Thrivent Financial for Lutherans owned 0.09% of Lowe’s Companies worth $120,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Waterloo Capital L.P. lifted its position in shares of Lowe’s Companies by 1.2% in the second quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock worth $767,000 after purchasing an additional 41 shares in the last quarter. TruWealth Advisors LLC increased its stake in Lowe’s Companies by 2.7% in the 3rd quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock valued at $397,000 after buying an additional 42 shares during the period. Cypress Wealth Services LLC increased its stake in Lowe’s Companies by 2.0% in the 3rd quarter. Cypress Wealth Services LLC now owns 2,191 shares of the home improvement retailer’s stock valued at $551,000 after buying an additional 42 shares during the period. Hidden Cove Wealth Management LLC lifted its position in Lowe’s Companies by 4.6% in the 3rd quarter. Hidden Cove Wealth Management LLC now owns 960 shares of the home improvement retailer’s stock worth $241,000 after buying an additional 42 shares in the last quarter. Finally, Roble Belko & Company Inc boosted its stake in shares of Lowe’s Companies by 21.4% during the 3rd quarter. Roble Belko & Company Inc now owns 250 shares of the home improvement retailer’s stock valued at $63,000 after buying an additional 44 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $266.93 on Friday. The business’s 50-day simple moving average is $253.66 and its 200-day simple moving average is $247.88. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $281.36. The firm has a market cap of $149.73 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 4.42 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share (EPS) 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 firm had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. During the same quarter in the prior year, the business earned $2.89 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is currently 39.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LOW shares. Evercore ISI upped their price target on shares of Lowe’s Companies from $250.00 to $280.00 in a research note on Tuesday, January 27th. TD Cowen upped their target price on Lowe’s Companies from $250.00 to $295.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Gordon Haskett upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $325.00 price target for the company in a report on Tuesday, January 13th. Wolfe Research lowered their price target on Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Finally, 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 research report on Thursday, November 20th. Nineteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.81.

Insider Transactions at Lowe’s Companies

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

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.