Proactive Wealth Strategies LLC Makes New Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Proactive Wealth Strategies LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the third quarter, according to its most recent filing with the SEC. The firm purchased 1,904 shares of the home improvement retailer’s stock, valued at approximately $516,000.

A number of other large investors have also recently bought and sold shares of LOW. Angeles Wealth Management LLC grew its stake in shares of Lowe’s Companies by 36.9% in the 1st quarter. Angeles Wealth Management LLC now owns 1,585 shares of the home improvement retailer’s stock valued at $404,000 after buying an additional 427 shares during the period. Verus Capital Partners LLC acquired a new stake in shares of Lowe’s Companies in the 1st quarter valued at about $205,000. Avantax Advisory Services Inc. grew its stake in shares of Lowe’s Companies by 22.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 35,397 shares of the home improvement retailer’s stock valued at $9,017,000 after buying an additional 6,579 shares during the period. Bleakley Financial Group LLC grew its stake in shares of Lowe’s Companies by 9.1% in the 1st quarter. Bleakley Financial Group LLC now owns 10,712 shares of the home improvement retailer’s stock valued at $2,729,000 after buying an additional 890 shares during the period. Finally, Koshinski Asset Management Inc. grew its stake in shares of Lowe’s Companies by 91.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 5,822 shares of the home improvement retailer’s stock valued at $1,483,000 after buying an additional 2,787 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOW has been the subject of several research reports. Bank of America raised their target price on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Wells Fargo & Company raised their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Telsey Advisory Group raised shares of Lowe’s Companies from a “market perform” rating to an “outperform” rating and raised their price target for the company from $275.00 to $305.00 in a research report on Friday. Loop Capital raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and raised their price target for the company from $250.00 to $300.00 in a research report on Wednesday, October 9th. Finally, Morgan Stanley lifted their target price on shares of Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 21st. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $273.84.

Lowe’s Companies Price Performance

LOW opened at $274.51 on Tuesday. Lowe’s Companies, Inc. has a one year low of $192.10 and a one year high of $287.01. The firm has a market capitalization of $155.73 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10. The company has a fifty day moving average price of $265.13 and a 200-day moving average price of $242.57.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The company had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. During the same period in the previous year, the firm posted $4.56 EPS. The firm’s revenue was down 5.5% compared to the same quarter last year. On average, analysts expect that Lowe’s Companies, Inc. will post 11.92 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were issued a dividend of $1.15 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, October 23rd. Lowe’s Companies’s payout ratio is currently 38.14%.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $2,334,678.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Lowe’s Companies news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $2,334,678.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was 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 of the company’s stock, valued at $3,586,940.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

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.