AlphaQuest LLC Has $457,000 Stock Position in Lowe’s Companies, Inc. $LOW

AlphaQuest LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 80.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,819 shares of the home improvement retailer’s stock after selling 7,366 shares during the quarter. AlphaQuest LLC’s holdings in Lowe’s Companies were worth $457,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LOW. Howard Hughes Medical Institute acquired a new position in Lowe’s Companies in the second quarter valued at approximately $27,000. Solstein Capital LLC grew its holdings in 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 acquiring an additional 113 shares during the period. Activest Wealth Management raised its position in shares of Lowe’s Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 51 shares during the last quarter. Traub Capital Management LLC acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at $30,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in shares of Lowe’s Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 76 shares during the period. Institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

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

Analyst Ratings Changes

A number of equities research analysts recently commented on LOW shares. Telsey Advisory Group decreased their price objective on 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. TD Cowen raised their target price on Lowe’s Companies from $250.00 to $295.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Sanford C. Bernstein boosted their target price on Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Argus cut their price target on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Finally, Wolfe Research reduced their price objective on shares of Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Nineteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $284.81.

Lowe’s Companies Stock Up 1.1%

Lowe’s Companies stock opened at $278.02 on Friday. The company has a 50 day moving average of $257.24 and a 200-day moving average of $249.62. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $281.36. The stock has a market capitalization of $155.96 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 4.30 and a beta of 0.97.

Lowe’s Companies (NYSE:LOW) last announced 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. The firm had revenue of $20.81 billion during the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.89 EPS. Equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st were issued a dividend of $1.20 per share. The ex-dividend date was Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.80%.

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.