Stablepoint Partners LLC Raises Stock Position in Lowe’s Companies, Inc. $LOW

Stablepoint Partners LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 17.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,160 shares of the home improvement retailer’s stock after buying an additional 1,826 shares during the quarter. Stablepoint Partners LLC’s holdings in Lowe’s Companies were worth $3,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after acquiring an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares during the period. Sivia Capital Partners LLC lifted its position in Lowe’s Companies by 22.3% during the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock valued at $340,000 after purchasing an additional 280 shares in the last quarter. Patton Fund Management Inc. bought a new stake in Lowe’s Companies during the second quarter valued at about $221,000. Finally, Avior Wealth Management LLC grew its holdings in Lowe’s Companies by 19.5% during the second quarter. Avior Wealth Management LLC now owns 5,085 shares of the home improvement retailer’s stock valued at $1,128,000 after purchasing an additional 829 shares during the period. Institutional investors own 74.06% of the company’s stock.

Insider Activity

In related news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction dated 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 transaction, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

LOW has been the topic of several recent research reports. Jefferies Financial Group raised their price objective on Lowe’s Companies from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Gordon Haskett raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $325.00 price target on the stock in a report on Tuesday, January 13th. Wolfe Research dropped their price target on shares of Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Evercore ISI restated a “positive” rating on shares of Lowe’s Companies in a research report on Thursday, November 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Lowe’s Companies in a research note on Monday, December 29th. Nineteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $283.65.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $273.96 on Wednesday. The company has a market cap of $153.68 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 4.61 and a beta of 0.96. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $281.36. The stock’s 50 day simple moving average is $251.41 and its two-hundred day simple moving average is $247.06.

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, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $20.88 billion. During the same quarter in the previous year, the company posted $2.89 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is 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.