Lowe's Companies, Inc. (NYSE:LOW - Get Free Report) CEO Marvin Ellison sold 18,000 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the transaction, the chief executive officer directly owned 231,043 shares in the company, valued at approximately $60,341,500.31. This represents a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Lowe's Companies Stock Up 1.4%
Shares of LOW stock opened at $270.93 on Tuesday. The business has a 50-day moving average price of $241.68 and a two-hundred day moving average price of $243.20. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $274.98. The firm has a market cap of $151.98 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 4.43 and a beta of 0.96.
Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts' consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion for the quarter, compared to analysts' expectations of $20.88 billion. Lowe's Companies had a negative return on equity of 55.86% and a net margin of 8.05%.Lowe's Companies's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $2.89 EPS. As a group, research analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.
Lowe's Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. Lowe's Companies's dividend payout ratio is 39.80%.
Institutional Trading of Lowe's Companies
Several large investors have recently modified their holdings of the business. SeaBridge Investment Advisors LLC lifted its stake in Lowe's Companies by 3.7% in the second quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer's stock worth $2,859,000 after acquiring an additional 465 shares during the period. QRG Capital Management Inc. raised its holdings in Lowe's Companies by 2.6% in the 2nd quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer's stock worth $34,322,000 after purchasing an additional 3,947 shares in the last quarter. Strathmore Capital Advisors Inc. purchased a new stake in shares of Lowe's Companies in the 2nd quarter worth about $2,717,000. First Pacific Financial boosted its stake in shares of Lowe's Companies by 147.3% during the 2nd quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer's stock valued at $611,000 after purchasing an additional 1,639 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Lowe's Companies by 0.7% during the second quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer's stock valued at $183,344,000 after buying an additional 5,820 shares during the period. 74.06% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. TD Cowen lowered their price target on shares of Lowe's Companies from $275.00 to $250.00 and set a "hold" rating for the company in a research note on Friday, November 21st. Robert W. Baird decreased their price objective on Lowe's Companies from $295.00 to $290.00 and set an "outperform" rating on the stock in a report on Thursday, November 20th. UBS Group lowered their target price on Lowe's Companies from $325.00 to $316.00 and set a "buy" rating for the company in a research note on Thursday, November 20th. Wall Street Zen upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Finally, Telsey Advisory Group reduced their price target on Lowe's Companies from $305.00 to $285.00 and set an "outperform" rating on the stock in a research report on Thursday, November 20th. Eighteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $277.52.
Read Our Latest Stock Report on LOW
Lowe's Companies Company Profile
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Get Free Report)
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.
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