DRW Securities LLC Acquires 1,564 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

DRW Securities LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 107.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,013 shares of the home improvement retailer’s stock after purchasing an additional 1,564 shares during the quarter. DRW Securities LLC’s holdings in Lowe’s Companies were worth $664,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Voisard Asset Management Group Inc. acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $28,000. Transcendent Capital Group LLC bought a new position in Lowe’s Companies during the 4th quarter worth $31,000. Stephens Consulting LLC raised its holdings in Lowe’s Companies by 93.3% in the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares in the last quarter. Keener Financial Planning LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at $35,000. Finally, Raleigh Capital Management Inc. lifted its position in shares of Lowe’s Companies by 48.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 183 shares of the home improvement retailer’s stock valued at $41,000 after acquiring an additional 60 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of a number of analyst reports. TD Cowen boosted their price target on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research note on Thursday. Truist Financial raised their target price on shares of Lowe’s Companies from $265.00 to $269.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a report on Tuesday, August 20th. Royal Bank of Canada decreased their price objective on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 21st. Finally, Morgan Stanley upped their target price on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 21st. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $253.48.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $260.14 on Monday. The firm has a market cap of $148.24 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 2.03 and a beta of 1.10. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The firm’s fifty day moving average is $243.58 and its 200-day moving average is $235.32.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The firm had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same quarter in the previous year, the company posted $4.56 EPS. The business’s revenue was down 5.5% on a year-over-year basis. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.93 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $4.60 annualized dividend and a yield of 1.77%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 36.95%.

Insider Transactions at Lowe’s Companies

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the sale, the chief accounting officer now directly owns 9,383 shares in the company, valued at $2,334,678.06. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Profile

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.