Arvest Bank Trust Division Has $12.54 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

Arvest Bank Trust Division lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 49,879 shares of the home improvement retailer’s stock after selling 2,259 shares during the period. Arvest Bank Trust Division’s holdings in Lowe’s Companies were worth $12,535,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Maj Invest Holding A S boosted its holdings in shares of Lowe’s Companies by 15.7% during the third quarter. Maj Invest Holding A S now owns 802,990 shares of the home improvement retailer’s stock worth $201,801,000 after acquiring an additional 108,813 shares during the period. Bridges Investment Management Inc. lifted its stake in Lowe’s Companies by 13.4% during the third quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer’s stock worth $105,759,000 after purchasing an additional 49,858 shares during the last quarter. Facet Wealth Inc. bought a new stake in shares of Lowe’s Companies during the 3rd quarter worth $558,000. Prudential Financial Inc. grew its position in Lowe’s Companies by 0.7% in the second quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock valued at $183,344,000 after acquiring an additional 5,820 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Lowe’s Companies by 22.0% in the second quarter. Jennison Associates LLC now owns 497,628 shares of the home improvement retailer’s stock worth $110,409,000 after acquiring an additional 89,839 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer directly owned 231,043 shares in the company, valued at $60,341,500.31. This trade represents a 7.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Royal Bank Of Canada reduced their price target on Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating on the stock in a report on Thursday, November 20th. Sanford C. Bernstein lifted their target price on Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. The Goldman Sachs Group increased their price target on Lowe’s Companies from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Friday. Citigroup raised their price objective on Lowe’s Companies from $250.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Bank of America cut their price objective on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $287.22.

Lowe’s Companies Trading Up 0.6%

LOW opened at $287.36 on Tuesday. The company has a fifty day moving average price of $261.89 and a two-hundred day moving average price of $252.35. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $293.06. The company has a market cap of $161.19 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 4.48 and a beta of 0.97.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping 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 net margin of 8.05% and a negative return on equity of 55.86%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.89 EPS. On average, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

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.