Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 53.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,538 shares of the home improvement retailer’s stock after acquiring an additional 6,784 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Lowe’s Companies were worth $4,307,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tidemark LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth $27,000. Voisard Asset Management Group Inc. acquired a new position in Lowe’s Companies during the fourth quarter worth about $28,000. Keener Financial Planning LLC purchased a new stake in Lowe’s Companies during the 1st quarter valued at about $35,000. Transcendent Capital Group LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at about $31,000. Finally, Stephens Consulting LLC lifted its stake 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 worth $32,000 after purchasing an additional 70 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe’s Companies

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was 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 owns 9,383 shares in the company, valued at $2,334,678.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LOW. UBS Group raised their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Truist Financial raised their price objective on shares of Lowe’s Companies from $265.00 to $269.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Telsey Advisory Group reiterated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a report on Tuesday, August 20th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company reduced their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 21st. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Lowe’s Companies currently has a consensus rating of “Hold” and a consensus price target of $252.83.

Lowe’s Companies Trading Up 0.5 %

Shares of LOW opened at $256.64 on Tuesday. The company’s 50 day simple moving average is $240.90 and its 200-day simple moving average is $234.86. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The firm has a market cap of $146.24 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.03 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW) last announced its 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 net margin of 8.25% and a negative return on equity of 47.07%. The business had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. During the same period in the prior year, the company earned $4.56 earnings per share. The business’s revenue was down 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.93 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.79%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 36.95%.

Lowe’s Companies Company 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.