Sequoia Financial Advisors LLC Sells 123 Shares of Lowe’s Companies, Inc. (NYSE:LOW)
Sequoia Financial Advisors LLC cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,874 shares of the home improvement retailer’s stock after selling 123 shares during the period. Sequoia Financial Advisors LLC’s holdings in Lowe’s Companies were worth $794,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. PrairieView Partners LLC bought a new position in Lowe’s Companies during the second quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Lowe’s Companies in the 2nd quarter valued at about $26,000. Financial Management Professionals Inc. acquired a new stake in shares of Lowe’s Companies in the 2nd quarter valued at about $32,000. Price Wealth LLC acquired a new stake in shares of Lowe’s Companies in the 2nd quarter valued at about $35,000. Finally, JJJ Advisors Inc. acquired a new stake in shares of Lowe’s Companies in the 2nd quarter valued at about $44,000. Hedge funds and other institutional investors own 74.63% of the company’s stock.
Several analysts have issued reports on LOW shares. Nomura Instinet lifted their price target on Lowe’s Companies from $130.00 to $146.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “strong-buy” rating and set a $187.00 price target on the stock in a research note on Monday, August 24th. BofA Securities lifted their price target on Lowe’s Companies from $176.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Wells Fargo & Company lifted their target price on Lowe’s Companies from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Finally, Telsey Advisory Group lifted their target price on Lowe’s Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Three research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $165.75.
NYSE:LOW traded down $0.53 during trading hours on Wednesday, hitting $168.50. The stock had a trading volume of 161,398 shares, compared to its average volume of 5,337,433. The company has a 50 day simple moving average of $157.30 and a two-hundred day simple moving average of $124.21. The company has a debt-to-equity ratio of 4.64, a current ratio of 1.30 and a quick ratio of 0.65. Lowe’s Companies, Inc. has a one year low of $60.00 and a one year high of $171.32. The firm has a market capitalization of $127.74 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 1.19 and a beta of 1.50.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $3.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.95 by $0.80. Lowe’s Companies had a net margin of 7.12% and a return on equity of 228.17%. The firm had revenue of $27.30 billion during the quarter, compared to the consensus estimate of $24.24 billion. During the same period last year, the firm earned $2.15 EPS. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 8.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be issued a dividend of $0.60 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, October 20th. Lowe’s Companies’s payout ratio is currently 38.46%.
Lowe’s Companies Company Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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