Tyche Wealth Partners LLC Buys Shares of 10,477 Lowe’s Companies, Inc. (NYSE:LOW)

Tyche Wealth Partners LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,477 shares of the home improvement retailer’s stock, valued at approximately $2,332,000.

Other large investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in Lowe’s Companies during the 3rd quarter worth about $26,000. VisionPoint Advisory Group LLC lifted its stake in Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in Lowe’s Companies during the 4th quarter worth about $35,000. Itau Unibanco Holding S.A. acquired a new position in Lowe’s Companies during the 3rd quarter worth about $40,000. Finally, True Wealth Design LLC acquired a new position in Lowe’s Companies during the 4th quarter worth about $42,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Evercore ISI reduced their price target on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a research report on Tuesday. Morgan Stanley increased their price target on Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Wedbush increased their price objective on Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, Zelman & Associates reiterated a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Stock Performance

Lowe’s Companies stock traded down $1.70 during mid-day trading on Tuesday, reaching $228.31. 2,200,935 shares of the company were exchanged, compared to its average volume of 2,567,834. The firm’s 50-day simple moving average is $238.95 and its two-hundred day simple moving average is $218.17. The firm has a market cap of $130.63 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter in the previous year, the business earned $2.28 earnings per share. The business’s revenue for the quarter was down 17.1% on a year-over-year basis. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Lowe’s Companies 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.