Prospera Financial Services Inc Increases Position in Lowe’s Companies, Inc. $LOW

Prospera Financial Services Inc raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,374 shares of the home improvement retailer’s stock after purchasing an additional 3,898 shares during the period. Prospera Financial Services Inc’s holdings in Lowe’s Companies were worth $18,447,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LOW. Howard Hughes Medical Institute bought a new position in Lowe’s Companies in the 2nd quarter worth about $27,000. Solstein Capital LLC raised its holdings in Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 113 shares during the last quarter. Activest Wealth Management raised its holdings in Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 51 shares during the last quarter. Traub Capital Management LLC bought a new position in shares of Lowe’s Companies in the second quarter worth approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC grew its holdings in shares of Lowe’s Companies by 128.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 76 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of recent analyst reports. Oppenheimer decreased their price objective on shares of Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a report on Friday, December 5th. Wells Fargo & Company reduced their target price on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Mizuho lowered their price target on Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. UBS Group dropped their price objective 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. Finally, Truist Financial set a $295.00 price objective on Lowe’s Companies in a report on Friday, January 16th. Nineteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $284.77.

Lowe’s Companies Price Performance

Shares of LOW opened at $276.81 on Tuesday. The firm has a market capitalization of $155.28 billion, a P/E ratio of 22.95, a PEG ratio of 4.35 and a beta of 0.97. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $281.36. The business has a fifty day moving average of $257.85 and a 200 day moving average of $250.28.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.09. The business 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%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $2.89 earnings per share. Analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 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.