Advisor Resource Council bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,185 shares of the home improvement retailer’s stock, valued at approximately $486,000.

Several other hedge funds have also recently added to or reduced their stakes in LOW. Hamilton Capital LLC raised its holdings in Lowe’s Companies by 2.1% during the 3rd quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock worth $507,000 after purchasing an additional 49 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Lowe’s Companies by 6.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 884 shares of the home improvement retailer’s stock valued at $200,000 after purchasing an additional 50 shares during the period. Strategy Asset Managers LLC grew its stake in Lowe’s Companies by 3.4% during the second quarter. Strategy Asset Managers LLC now owns 1,553 shares of the home improvement retailer’s stock worth $351,000 after purchasing an additional 51 shares during the period. Aprio Wealth Management LLC increased its holdings in Lowe’s Companies by 4.3% in the third quarter. Aprio Wealth Management LLC now owns 1,244 shares of the home improvement retailer’s stock worth $259,000 after purchasing an additional 51 shares in the last quarter. Finally, Mather Group LLC. boosted its holdings in shares of Lowe’s Companies by 2.8% during the 1st quarter. Mather Group LLC. now owns 1,939 shares of the home improvement retailer’s stock worth $392,000 after buying an additional 52 shares in the last quarter. Institutional investors own 71.88% of the company’s stock.

Lowe’s Companies Trading Down 1.0 %

LOW opened at $258.50 on Friday. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The company has a 50 day moving average of $230.15 and a 200 day moving average of $215.64. The company has a market cap of $148.66 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.91 and a beta of 1.13.

Lowe’s Companies (NYSE:LOWGet Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. Lowe’s Companies’s revenue was down 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.28 earnings per share. Research analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.70%. Lowe’s Companies’s payout ratio is 33.43%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Piper Sandler increased their target price on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. The Goldman Sachs Group upped their target price on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. UBS Group raised their target price on Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $215.00 price target on shares of Lowe’s Companies in a report on Friday, February 23rd. Twelve research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $248.12.

Get Our Latest Report on Lowe’s Companies

Lowe’s Companies Company Profile

(Free Report)

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.

See Also

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



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