Knights of Columbus Asset Advisors LLC Invests $7.73 Million in Lowe’s Companies, Inc. $LOW

Knights of Columbus Asset Advisors LLC bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 30,750 shares of the home improvement retailer’s stock, valued at approximately $7,728,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in 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 stake in shares of Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 259 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Lowe’s Companies by 22.3% in the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock worth $340,000 after purchasing an additional 280 shares during the last quarter. LBP AM SA increased its holdings in Lowe’s Companies by 6.2% during the 2nd quarter. LBP AM SA now owns 14,597 shares of the home improvement retailer’s stock valued at $3,239,000 after purchasing an additional 858 shares during the period. Finally, PFG Investments LLC raised its holdings in shares of Lowe’s Companies by 2.6% during the second quarter. PFG Investments LLC now owns 10,492 shares of the home improvement retailer’s stock valued at $2,328,000 after acquiring an additional 267 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Down 1.1%

Shares of LOW opened at $266.43 on Friday. The firm has a fifty day simple moving average of $253.00 and a two-hundred day simple moving average of $247.35. The firm has a market cap of $149.45 billion, a PE ratio of 22.09, a P/E/G ratio of 4.47 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.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. During the same period last year, the firm earned $2.89 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be given a $1.20 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. Lowe’s Companies’s dividend payout ratio is presently 39.80%.

Insider Buying and Selling

In other news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the transaction, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at $60,341,500.31. The trade was a 7.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. DA Davidson decreased their target price on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Morgan Stanley boosted their target price on shares of Lowe’s Companies from $270.00 to $296.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Truist Financial set a $295.00 price target on shares of Lowe’s Companies in a research report on Friday, January 16th. Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Mizuho dropped their price target on 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 analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $283.65.

Lowe’s Companies Company 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.