Lake Street Financial LLC raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,006 shares of the home improvement retailer’s stock after purchasing an additional 347 shares during the quarter. Lake Street Financial LLC’s holdings in Lowe’s Companies were worth $1,797,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Atwater Malick LLC acquired a new stake in Lowe’s Companies in the third quarter worth about $26,000. Massey Quick Simon & CO. LLC boosted its stake in shares of Lowe’s Companies by 268.6% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 435 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 317 shares during the last quarter. Ellevest Inc. bought a new position in shares of Lowe’s Companies in the 2nd quarter valued at about $81,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of Lowe’s Companies during the 2nd quarter worth approximately $85,000. Finally, Contravisory Investment Management Inc. grew its position in shares of Lowe’s Companies by 32.9% during the 4th quarter. Contravisory Investment Management Inc. now owns 832 shares of the home improvement retailer’s stock worth $100,000 after buying an additional 206 shares during the period. Hedge funds and other institutional investors own 74.58% of the company’s stock.
LOW stock opened at $121.00 on Monday. Lowe’s Companies, Inc. has a 1-year low of $90.23 and a 1-year high of $122.88. The company has a current ratio of 1.04, a quick ratio of 0.13 and a debt-to-equity ratio of 8.37. The firm has a market cap of $92.74 billion, a PE ratio of 23.54, a P/E/G ratio of 1.51 and a beta of 1.28. The business’s 50-day moving average price is $118.71 and its two-hundred day moving average price is $110.28.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.06. The company had revenue of $17.39 billion during the quarter, compared to the consensus estimate of $17.69 billion. Lowe’s Companies had a return on equity of 146.62% and a net margin of 4.11%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 earnings per share. On average, analysts forecast that Lowe’s Companies, Inc. will post 5.7 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $2.20 annualized dividend and a dividend yield of 1.82%. Lowe’s Companies’s dividend payout ratio is presently 42.80%.
Several equities analysts recently weighed in on LOW shares. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a report on Monday, September 30th. Wedbush reaffirmed an “outperform” rating and set a $135.00 target price on shares of Lowe’s Companies in a report on Thursday, November 21st. Wolfe Research cut shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating and set a $118.00 target price for the company. in a research report on Tuesday, October 8th. Wells Fargo & Co reissued a “buy” rating and issued a $135.00 price target on shares of Lowe’s Companies in a research note on Wednesday, November 20th. Finally, UBS Group increased their price target on Lowe’s Companies from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Six research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $129.46.
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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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