Jackson Hill Advisors LLC Sells 6,500 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Jackson Hill Advisors LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,000 shares of the home improvement retailer’s stock after selling 6,500 shares during the quarter. Lowe’s Companies comprises 6.7% of Jackson Hill Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Jackson Hill Advisors LLC’s holdings in Lowe’s Companies were worth $13,327,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies in the third quarter valued at about $27,000. IFS Advisors LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $31,000. Winch Advisory Services LLC increased its position in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $44,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Performance

NYSE LOW opened at $227.09 on Friday. The stock has a 50 day simple moving average of $247.99 and a two-hundred day simple moving average of $257.79. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The stock has a market cap of $128.23 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.03%. Lowe’s Companies’s payout ratio is presently 37.67%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LOW. Royal Bank of Canada lowered their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Guggenheim reissued a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Bank of America decreased their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a report on Wednesday, February 26th. Finally, Truist Financial reduced their price target on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

About Lowe’s Companies

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.