Facet Wealth Inc. Acquires Shares of 2,220 Lowe’s Companies, Inc. $LOW

Facet Wealth Inc. bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) in the third quarter, HoldingsChannel reports. The firm bought 2,220 shares of the home improvement retailer’s stock, valued at approximately $558,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Lowe’s Companies by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 54,976,355 shares of the home improvement retailer’s stock valued at $12,197,604,000 after buying an additional 366,977 shares during the last quarter. State Street Corp increased its position in Lowe’s Companies by 0.8% during the second quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer’s stock worth $5,527,176,000 after purchasing an additional 207,826 shares during the last quarter. Geode Capital Management LLC increased its stake in Lowe’s Companies by 0.3% during the second quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer’s stock worth $2,732,049,000 after acquiring an additional 42,190 shares during the last quarter. Norges Bank purchased a new position in shares of Lowe’s Companies in the 2nd quarter valued at $1,773,624,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Lowe’s Companies by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,536,122 shares of the home improvement retailer’s stock valued at $784,559,000 after buying an additional 34,382 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW opened at $275.03 on Friday. The company has a market capitalization of $154.28 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 4.59 and a beta of 0.96. The business has a 50-day moving average of $248.30 and a 200-day moving average of $245.69. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $281.36.

Lowe’s Companies (NYSE:LOWGet Free Report) last announced its quarterly earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion during 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%.The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.89 earnings per share. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.80%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Truist Financial set a $295.00 price target on shares of Lowe’s Companies in a research report on Friday, January 16th. UBS Group dropped their price target on Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Evercore ISI reiterated a “positive” rating on shares of Lowe’s Companies in a research report on Thursday, November 20th. TD Cowen reiterated a “hold” rating and set a $295.00 price target (up previously from $250.00) on shares of Lowe’s Companies in a research report on Tuesday. Finally, Royal Bank Of Canada decreased their price objective on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a report on Thursday, November 20th. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $283.65.

View Our Latest Research Report on LOW

Insiders Place Their Bets

In related news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

More Lowe’s Companies News

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Lowe’s Companies Company Profile

(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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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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