Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Hammer Asset Management LLC

Hammer Asset Management LLC decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 69.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,184 shares of the home improvement retailer’s stock after selling 7,376 shares during the period. Lowe’s Companies comprises approximately 2.3% of Hammer Asset Management LLC’s portfolio, making the stock its 21st largest position. Hammer Asset Management LLC’s holdings in Lowe’s Companies were worth $528,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LOW. Foundations Investment Advisors LLC lifted its position in shares of Lowe’s Companies by 16.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 12,085 shares of the home improvement retailer’s stock worth $2,012,000 after purchasing an additional 1,720 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Lowe’s Companies by 14.0% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,925 shares of the home improvement retailer’s stock worth $1,342,000 after purchasing an additional 1,220 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of Lowe’s Companies by 33.7% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 3,448 shares of the home improvement retailer’s stock worth $465,000 after purchasing an additional 869 shares during the last quarter. Wedbush Securities Inc. lifted its position in shares of Lowe’s Companies by 9.2% during the 2nd quarter. Wedbush Securities Inc. now owns 10,594 shares of the home improvement retailer’s stock worth $1,431,000 after purchasing an additional 889 shares during the last quarter. Finally, State Street Corp lifted its position in Lowe’s Companies by 2.7% in the first quarter. State Street Corp now owns 35,413,724 shares of the home improvement retailer’s stock valued at $3,047,351,000 after acquiring an additional 922,369 shares during the last quarter. Institutional investors and hedge funds own 74.63% of the company’s stock.

LOW has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on shares of Lowe’s Companies from $193.00 to $205.00 in a research report on Wednesday, August 26th. Oppenheimer cut shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $185.00 to $180.00 in a research report on Friday, September 18th. Truist Financial boosted their price target on shares of Lowe’s Companies from $135.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Piper Sandler boosted their price target on shares of Lowe’s Companies from $170.00 to $185.00 in a research report on Thursday, August 20th. Finally, DA Davidson boosted their price target on shares of Lowe’s Companies from $180.00 to $185.00 in a research report on Thursday, August 20th. Four investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $169.16.

NYSE:LOW opened at $158.10 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 4.64. The company has a market cap of $119.48 billion, a P/E ratio of 21.02, a P/E/G ratio of 1.24 and a beta of 1.48. Lowe’s Companies, Inc. has a fifty-two week low of $60.00 and a fifty-two week high of $180.67. The firm’s 50 day moving average is $167.13 and its two-hundred day moving average is $141.24.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.80. The company had revenue of $27.30 billion during the quarter, compared to analyst estimates of $24.24 billion. Lowe’s Companies had a net margin of 7.12% and a return on equity of 228.17%. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.15 earnings per share. Research analysts forecast that Lowe’s Companies, Inc. will post 8.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be issued a dividend of $0.60 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 1.52%. The ex-dividend date is Tuesday, October 20th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 41.96%.

In other Lowe’s Companies news, EVP Ross W. Mccanless sold 62,838 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $168.33, for a total transaction of $10,577,520.54. Following the completion of the transaction, the executive vice president now directly owns 72,967 shares of the company’s stock, valued at approximately $12,282,535.11. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is owned by company insiders.

Lowe’s Companies Profile

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

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

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