Crescent Grove Advisors LLC Invests $207,000 in Lowe’s Companies, Inc. (LOW) Stock

Crescent Grove Advisors LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the third quarter, Holdings Channel reports. The fund bought 1,800 shares of the home improvement retailer’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Advisors Ltd. LLC bought a new stake in Lowe’s Companies in the third quarter valued at about $116,000. Almanack Investment Partners LLC. bought a new stake in Lowe’s Companies in the second quarter valued at about $103,000. CSat Investment Advisory L.P. bought a new stake in Lowe’s Companies in the second quarter valued at about $108,000. NuWave Investment Management LLC bought a new stake in Lowe’s Companies in the second quarter valued at about $126,000. Finally, FNY Investment Advisers LLC bought a new stake in Lowe’s Companies in the second quarter valued at about $127,000. 74.59% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Marshall A. Croom sold 15,735 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total transaction of $1,803,388.35. Following the transaction, the chief financial officer now directly owns 63,099 shares in the company, valued at $7,231,776.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lisa W. Wardell bought 273 shares of Lowe’s Companies stock in a transaction dated Friday, August 24th. The shares were bought at an average price of $107.72 per share, for a total transaction of $29,407.56. Following the completion of the transaction, the director now directly owns 273 shares of the company’s stock, valued at approximately $29,407.56. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by corporate insiders.

LOW has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Tuesday, July 24th. Loop Capital set a $115.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, July 18th. Argus upped their target price on shares of Lowe’s Companies to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Deutsche Bank upped their target price on shares of Lowe’s Companies to $118.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Finally, Bank of America upped their target price on shares of Lowe’s Companies from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Lowe’s Companies presently has a consensus rating of “Buy” and a consensus price target of $112.41.

NYSE:LOW opened at $99.47 on Friday. The stock has a market capitalization of $78.81 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.31 and a beta of 1.52. Lowe’s Companies, Inc. has a 12 month low of $77.14 and a 12 month high of $117.70. The company has a current ratio of 1.06, a quick ratio of 0.25 and a debt-to-equity ratio of 2.58.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.05. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period in the prior year, the business earned $1.57 earnings per share. Lowe’s Companies’s quarterly revenue was up 7.1% on a year-over-year basis. Research analysts predict that Lowe’s Companies, Inc. will post 5.19 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 7th. Stockholders of record on Wednesday, October 24th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, October 23rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.93%. Lowe’s Companies’s payout ratio is 43.74%.

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About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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