Lowe's Companies, Inc. (NYSE:LOW) COO Ricky D. Damron sold 17,152 shares of the business’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $81.96, for a total transaction of $1,405,777.92. Following the completion of the transaction, the chief operating officer now owns 78,225 shares in the company, valued at $6,411,321. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Lowe's Companies, Inc. (NYSE:LOW) traded up 0.22% on Friday, reaching $83.47. 4,632,922 shares of the company’s stock traded hands. The stock has a market capitalization of $71.56 billion, a PE ratio of 24.05 and a beta of 1.28. Lowe's Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $84.00. The company has a 50 day moving average of $82.00 and a 200-day moving average of $74.42.
Lowe's Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, March 1st. The home improvement retailer reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. Lowe's Companies had a return on equity of 46.46% and a net margin of 3.91%. The company earned $15.78 billion during the quarter, compared to analysts’ expectations of $15.39 billion. During the same period in the prior year, the business earned $0.59 earnings per share. Lowe's Companies’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities research analysts forecast that Lowe's Companies, Inc. will post $4.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 10th. Stockholders of record on Wednesday, April 26th will be given a $0.35 dividend. The ex-dividend date is Monday, April 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.68%. Lowe's Companies’s dividend payout ratio is 51.28%.
Several brokerages have recently commented on LOW. Zacks Investment Research upgraded shares of Lowe's Companies from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Tuesday. Vetr lowered shares of Lowe's Companies from a “hold” rating to a “sell” rating and set a $69.27 target price on the stock. in a report on Tuesday, December 27th. Credit Suisse Group AG set a $83.00 target price on shares of Lowe's Companies and gave the stock a “buy” rating in a report on Saturday, February 18th. Jefferies Group LLC increased their target price on shares of Lowe's Companies from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, March 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $90.00 target price on shares of Lowe's Companies in a report on Monday, April 3rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Lowe's Companies currently has an average rating of “Hold” and an average target price of $83.07.
Several large investors have recently bought and sold shares of LOW. Glenview Capital Management LLC acquired a new stake in Lowe's Companies during the fourth quarter valued at $289,894,000. Morgan Stanley boosted its stake in Lowe's Companies by 1.5% in the third quarter. Morgan Stanley now owns 4,171,288 shares of the home improvement retailer’s stock valued at $301,209,000 after buying an additional 61,903 shares in the last quarter. Schwartz Investment Counsel Inc. boosted its stake in Lowe's Companies by 5.6% in the third quarter. Schwartz Investment Counsel Inc. now owns 516,500 shares of the home improvement retailer’s stock valued at $37,296,000 after buying an additional 27,300 shares in the last quarter. Spinnaker Trust boosted its stake in Lowe's Companies by 0.5% in the third quarter. Spinnaker Trust now owns 34,235 shares of the home improvement retailer’s stock valued at $2,594,000 after buying an additional 184 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Lowe's Companies by 7.7% in the third quarter. Principal Financial Group Inc. now owns 1,480,075 shares of the home improvement retailer’s stock valued at $106,876,000 after buying an additional 105,939 shares during the period. 74.46% of the stock is owned by institutional investors.
Lowe's Companies Company Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.
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