Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,224 shares of the home improvement retailer’s stock after acquiring an additional 118 shares during the quarter. Kathmere Capital Management LLC’s holdings in Lowe’s Companies were worth $276,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Gradient Investments LLC lifted its holdings in Lowe’s Companies by 6.5% during the 2nd quarter. Gradient Investments LLC now owns 62,639 shares of the home improvement retailer’s stock worth $14,138,000 after buying an additional 3,802 shares during the last quarter. Sanders Morris Harris LLC acquired a new stake in shares of Lowe’s Companies during the 2nd quarter worth approximately $1,319,000. Allied Investment Advisors LLC increased its holdings in shares of Lowe’s Companies by 0.7% in the 2nd quarter. Allied Investment Advisors LLC now owns 48,971 shares of the home improvement retailer’s stock worth $11,053,000 after acquiring an additional 358 shares during the period. Hyperion Partners LLC bought a new stake in Lowe’s Companies in the 2nd quarter valued at about $221,000. Finally, First Affirmative Financial Network grew its position in Lowe’s Companies by 22.4% in the 2nd quarter. First Affirmative Financial Network now owns 1,736 shares of the home improvement retailer’s stock worth $392,000 after purchasing an additional 318 shares during the last quarter. Institutional investors and hedge funds own 71.88% of the company’s stock.

Analysts Set New Price Targets

LOW has been the topic of several research analyst reports. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Citigroup lifted their price target on Lowe’s Companies from $221.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Loop Capital raised their target price on shares of Lowe’s Companies from $215.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, August 23rd. Stifel Nicolaus initiated coverage on shares of Lowe’s Companies in a report on Wednesday, September 6th. They set a “buy” rating and a $270.00 price target on the stock. Finally, TD Cowen raised their target price on Lowe’s Companies from $225.00 to $230.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $237.48.

Lowe’s Companies Stock Down 4.7 %

NYSE:LOW opened at $220.02 on Monday. The firm has a market cap of $126.98 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.09. The company’s 50-day moving average price is $227.93 and its two-hundred day moving average price is $213.68. Lowe’s Companies, Inc. has a 12 month low of $176.50 and a 12 month high of $237.21.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, August 22nd. The home improvement retailer reported $4.56 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.07. The firm had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.97 billion. Lowe’s Companies had a negative return on equity of 58.56% and a net margin of 6.48%. The business’s revenue was down 9.2% on a year-over-year basis. During the same period last year, the firm posted $4.67 EPS. On average, research analysts expect that Lowe’s Companies, Inc. will post 13.46 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio is currently 43.31%.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Janice Dupre sold 5,380 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $231.28, for a total transaction of $1,244,286.40. Following the sale, the executive vice president now directly owns 24,216 shares of the company’s stock, valued at $5,600,676.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Joseph Michael Mcfarland sold 4,500 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $222.53, for a total value of $1,001,385.00. Following the transaction, the executive vice president now directly owns 46,594 shares in the company, valued at $10,368,562.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Janice Dupre sold 5,380 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $231.28, for a total value of $1,244,286.40. Following the completion of the transaction, the executive vice president now directly owns 24,216 shares in the company, valued at approximately $5,600,676.48. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.