San Francisco Sentry Investment Group CA lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 16.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,004 shares of the home improvement retailer’s stock after selling 1,215 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Lowe’s Companies were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Bremer Trust National Association bought a new stake in Lowe’s Companies in the 2nd quarter valued at $228,000. RFG Advisory Group LLC raised its stake in Lowe’s Companies by 54.8% in the 2nd quarter. RFG Advisory Group LLC now owns 3,903 shares of the home improvement retailer’s stock valued at $373,000 after acquiring an additional 1,381 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Lowe’s Companies in the 2nd quarter valued at $8,224,000. Segment Wealth Management LLC bought a new stake in Lowe’s Companies in the 2nd quarter valued at $202,000. Finally, Fisher Asset Management LLC raised its stake in Lowe’s Companies by 5.3% in the 2nd quarter. Fisher Asset Management LLC now owns 34,263 shares of the home improvement retailer’s stock valued at $3,275,000 after acquiring an additional 1,733 shares during the period. Institutional investors and hedge funds own 75.04% of the company’s stock.
A number of equities research analysts recently weighed in on LOW shares. ValuEngine upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, May 24th. Zacks Investment Research cut Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, May 1st. Wells Fargo & Co started coverage on Lowe’s Companies in a research note on Monday, April 23rd. They issued an “outperform” rating and a $100.00 price target on the stock. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Wednesday, May 23rd. Finally, Argus upped their price objective on Lowe’s Companies from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, May 25th. Eight equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $102.71.
In other news, SVP Matthew V. Hollifield sold 12,362 shares of the stock in a transaction on Friday, June 8th. The stock was sold at an average price of $99.56, for a total transaction of $1,230,760.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.30% of the company’s stock.
LOW opened at $98.31 on Friday. The firm has a market cap of $81.57 billion, a PE ratio of 21.97, a P/E/G ratio of 1.20 and a beta of 1.32. Lowe’s Companies, Inc. has a 52-week low of $70.76 and a 52-week high of $108.98. The company has a current ratio of 1.02, a quick ratio of 0.18 and a debt-to-equity ratio of 2.60.
Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 23rd. The home improvement retailer reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.03). The company had revenue of $17.36 billion for the quarter, compared to analyst estimates of $17.44 billion. Lowe’s Companies had a return on equity of 66.36% and a net margin of 5.55%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. equities analysts forecast that Lowe’s Companies, Inc. will post 5.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 8th. Stockholders of record on Wednesday, July 25th were issued a dividend of $0.48 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.41. This represents a $1.92 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Tuesday, July 24th. Lowe’s Companies’s dividend payout ratio is 43.74%.
About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.
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