Jackson Hill Advisors LLC Sells 2,000 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Jackson Hill Advisors LLC cut its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,500 shares of the home improvement retailer's stock after selling 2,000 shares during the quarter. Lowe's Companies makes up approximately 8.3% of Jackson Hill Advisors LLC's portfolio, making the stock its 4th biggest position. Jackson Hill Advisors LLC's holdings in Lowe's Companies were worth $16,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. International Assets Investment Management LLC raised its stake in shares of Lowe's Companies by 1,889.7% during the third quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer's stock worth $578,256,000 after purchasing an additional 2,027,668 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Lowe's Companies by 20,275.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,205,014 shares of the home improvement retailer's stock valued at $2,657,000 after buying an additional 1,199,100 shares during the period. Applied Finance Capital Management LLC grew its stake in Lowe's Companies by 387.7% during the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer's stock worth $219,761,000 after buying an additional 645,017 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Lowe's Companies by 36.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,840,704 shares of the home improvement retailer's stock valued at $468,884,000 after buying an additional 493,180 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Lowe's Companies by 170.5% during the second quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer's stock valued at $162,178,000 after purchasing an additional 463,645 shares during 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 Lowe's Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the sale, the executive vice president now directly owns 13,214 shares in the company, valued at $3,586,940.30. This represents a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the stock in a transaction dated 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 owns 9,383 shares of the company's stock, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LOW has been the subject of several recent analyst reports. Wells Fargo & Company upped their price target on Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Piper Sandler lifted their target price on Lowe's Companies from $262.00 to $307.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. TD Cowen raised their price target on Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Gordon Haskett reduced their price target on Lowe's Companies from $245.00 to $240.00 and set a "hold" rating on the stock in a research report on Wednesday, August 21st. Finally, Telsey Advisory Group raised Lowe's Companies from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $275.00 to $305.00 in a research note on Friday, November 8th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $273.84.

Lowe's Companies Stock Up 0.9 %

Shares of Lowe's Companies stock traded up $2.37 on Monday, hitting $271.77. The company's stock had a trading volume of 2,560,910 shares, compared to its average volume of 2,440,488. The firm has a fifty day moving average price of $267.19 and a 200-day moving average price of $243.74. Lowe's Companies, Inc. has a 52-week low of $196.23 and a 52-week high of $287.01. The company has a market capitalization of $154.17 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the company posted $4.56 EPS. Lowe's Companies's revenue for the quarter was down 5.5% on a year-over-year basis. As a group, analysts expect that Lowe's Companies, Inc. will post 11.93 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $4.60 annualized dividend and a dividend yield of 1.69%. Lowe's Companies's dividend payout ratio is currently 38.14%.

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.