Lowe’s (LOW) Shares Sold by Roof Advisory Group Inc.

Roof Advisory Group Inc. lessened its stake in Lowe’s (NYSE:LOW) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,676 shares of the home improvement retailer’s stock after selling 2,138 shares during the period. Lowe’s makes up approximately 3.3% of Roof Advisory Group Inc.’s holdings, making the stock its 10th largest position. Roof Advisory Group Inc.’s holdings in Lowe’s were worth $6,553,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. TCI Wealth Advisors Inc. boosted its stake in shares of Lowe’s by 10.6% during the 4th quarter. TCI Wealth Advisors Inc. now owns 5,021 shares of the home improvement retailer’s stock worth $467,000 after acquiring an additional 483 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Lowe’s by 50.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the home improvement retailer’s stock worth $139,000 after acquiring an additional 500 shares during the last quarter. Barnett & Company Inc. boosted its stake in shares of Lowe’s by 13.6% during the 4th quarter. Barnett & Company Inc. now owns 4,183 shares of the home improvement retailer’s stock worth $389,000 after acquiring an additional 500 shares during the last quarter. River Wealth Advisors LLC boosted its stake in shares of Lowe’s by 2.7% during the 4th quarter. River Wealth Advisors LLC now owns 19,529 shares of the home improvement retailer’s stock worth $1,815,000 after acquiring an additional 514 shares during the last quarter. Finally, Good Life Advisors LLC boosted its stake in shares of Lowe’s by 13.8% during the 4th quarter. Good Life Advisors LLC now owns 4,341 shares of the home improvement retailer’s stock worth $407,000 after acquiring an additional 528 shares during the last quarter. 72.83% of the stock is owned by institutional investors and hedge funds.

Shares of Lowe’s opened at $85.75 on Wednesday, according to MarketBeat. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.11 and a current ratio of 1.06. The firm has a market capitalization of $72.53 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 0.92 and a beta of 1.33. Lowe’s has a 52-week low of $70.76 and a 52-week high of $108.98.

Lowe’s (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 28th. The home improvement retailer reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.13). The company had revenue of $15.49 billion during the quarter, compared to the consensus estimate of $15.34 billion. Lowe’s had a net margin of 5.02% and a return on equity of 65.17%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. equities analysts forecast that Lowe’s will post 5.46 earnings per share for the current year.

Lowe’s announced that its board has authorized a share repurchase program on Friday, January 26th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 9th. Stockholders of record on Wednesday, April 25th were issued a $0.41 dividend. The ex-dividend date of this dividend was Tuesday, April 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.91%. Lowe’s’s dividend payout ratio (DPR) is presently 37.36%.

LOW has been the topic of several analyst reports. BMO Capital Markets reiterated a “hold” rating and set a $95.00 price target (up previously from $82.00) on shares of Lowe’s in a research note on Thursday, March 1st. Royal Bank of Canada dropped their price target on shares of Lowe’s to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, March 1st. JPMorgan Chase restated a “neutral” rating and set a $100.00 target price on shares of Lowe’s in a research note on Tuesday, March 6th. Wells Fargo & Co set a $100.00 target price on shares of Lowe’s and gave the company a “buy” rating in a research note on Tuesday. Finally, SunTrust Banks lifted their target price on shares of Lowe’s from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $99.00.

About Lowe’s

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.

Institutional Ownership by Quarter for Lowe`s (NYSE:LOW)

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