HL Financial Services LLC Has $4.61 Million Stake in Lowe’s Companies, Inc. (LOW)

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HL Financial Services LLC increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 24.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,110 shares of the home improvement retailer’s stock after purchasing an additional 7,773 shares during the quarter. HL Financial Services LLC’s holdings in Lowe’s Companies were worth $4,606,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Advisory Services Network LLC increased its stake in Lowe’s Companies by 37.7% during the 3rd quarter. Advisory Services Network LLC now owns 28,711 shares of the home improvement retailer’s stock worth $3,297,000 after buying an additional 7,854 shares in the last quarter. Horan Capital Advisors LLC. purchased a new stake in Lowe’s Companies during the 3rd quarter worth approximately $189,000. Garrison Bradford & Associates Inc. increased its stake in Lowe’s Companies by 150.0% during the 3rd quarter. Garrison Bradford & Associates Inc. now owns 5,500 shares of the home improvement retailer’s stock worth $632,000 after buying an additional 3,300 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Lowe’s Companies by 2.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 57,766 shares of the home improvement retailer’s stock worth $6,633,000 after buying an additional 1,306 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Lowe’s Companies by 87.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 60,542 shares of the home improvement retailer’s stock worth $6,951,000 after buying an additional 28,290 shares in the last quarter. 74.59% of the stock is owned by institutional investors.

In other news, CFO Marshall A. Croom sold 15,735 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total value of $1,803,388.35. Following the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lisa W. Wardell acquired 273 shares of Lowe’s Companies stock in a transaction dated Friday, August 24th. The stock was bought at an average price of $107.72 per share, for a total transaction of $29,407.56. Following the completion of the purchase, the director now 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 company insiders.

NYSE:LOW opened at $97.51 on Wednesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.25 and a current ratio of 1.06. Lowe’s Companies, Inc. has a 52 week low of $77.14 and a 52 week high of $117.70. The firm has a market cap of $78.26 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.30 and a beta of 1.52.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Wednesday, October 24th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, October 23rd. Lowe’s Companies’s payout ratio is currently 43.74%.

Several equities research analysts have commented on LOW shares. Morgan Stanley cut their price objective on Lowe’s Companies from $125.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, October 23rd. Citigroup upgraded Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $112.00 price objective for the company in a research note on Tuesday, October 23rd. Royal Bank of Canada boosted their price objective on Lowe’s Companies to $118.00 and gave the stock an “outperform” rating in a research note on Thursday, August 23rd. Loop Capital set a $115.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, July 18th. Finally, Wedbush set a $115.00 price objective on Lowe’s Companies and gave the stock a “neutral” rating in a research note on Monday, October 15th. Eight analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $112.41.

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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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