Sequoia Financial Advisors LLC Increases Stock Holdings in Lowe’s Companies, Inc. $LOW

Sequoia Financial Advisors LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 46,117 shares of the home improvement retailer’s stock after purchasing an additional 3,144 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Lowe’s Companies were worth $11,590,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position 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 valued at $7,889,000 after acquiring an additional 17,413 shares during the period. 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. Harbor Capital Advisors Inc. lifted its position in Lowe’s Companies by 28.2% during the second quarter. Harbor Capital Advisors Inc. now owns 250 shares of the home improvement retailer’s stock valued at $55,000 after purchasing an additional 55 shares in the last quarter. Sivia Capital Partners LLC grew its holdings 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 during the period. Finally, Focus Financial Network Inc. grew its holdings in Lowe’s Companies by 17.5% during the second quarter. Focus Financial Network Inc. now owns 1,922 shares of the home improvement retailer’s stock valued at $426,000 after purchasing an additional 286 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on LOW shares. TD Cowen decreased their price objective on Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating on the stock in a research note on Friday, November 21st. Stifel Nicolaus increased their target price on shares of Lowe’s Companies from $230.00 to $250.00 and gave the stock a “hold” rating in a report on Monday, December 1st. Truist Financial set a $295.00 target price on shares of Lowe’s Companies in a research note on Friday. Robert W. Baird dropped their price target on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Finally, Barclays raised shares of Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 price objective for the company in a research note on Wednesday, January 7th. Nineteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $281.92.

Insiders Place Their Bets

In related news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

LOW opened at $277.66 on Monday. The stock has a market capitalization of $155.75 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 4.60 and a beta of 0.96. The company has a fifty day moving average of $245.03 and a 200 day moving average of $244.63. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $278.44.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $20.88 billion. During the same quarter in the prior year, the firm earned $2.89 EPS. The business’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s payout ratio is currently 39.80%.

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.