Vestmark Advisory Solutions Inc. Has $3.04 Million Position in Lowe’s Companies, Inc. (NYSE:LOW)

Vestmark Advisory Solutions Inc. grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,661 shares of the home improvement retailer’s stock after purchasing an additional 1,054 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Lowe’s Companies were worth $3,040,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Telemus Capital LLC grew its position in shares of Lowe’s Companies by 397.9% in the 3rd quarter. Telemus Capital LLC now owns 4,939 shares of the home improvement retailer’s stock valued at $1,027,000 after purchasing an additional 3,947 shares during the period. Everhart Financial Group Inc. raised its holdings in shares of Lowe’s Companies by 11.0% during the third quarter. Everhart Financial Group Inc. now owns 1,698 shares of the home improvement retailer’s stock worth $353,000 after acquiring an additional 168 shares during the period. Hixon Zuercher LLC boosted its stake in Lowe’s Companies by 2.1% in the 3rd quarter. Hixon Zuercher LLC now owns 28,574 shares of the home improvement retailer’s stock worth $5,939,000 after purchasing an additional 580 shares during the period. WealthShield Partners LLC acquired a new position in Lowe’s Companies in the 3rd quarter worth $215,000. Finally, Verdence Capital Advisors LLC increased its holdings in Lowe’s Companies by 20.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,869 shares of the home improvement retailer’s stock worth $1,428,000 after purchasing an additional 1,148 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Mizuho started coverage on Lowe’s Companies in a report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price target on the stock. Evercore ISI decreased their target price on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Stifel Nicolaus cut their price target on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Wells Fargo & Company raised their price objective on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Finally, Oppenheimer reiterated a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a report on Monday, March 4th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Stock Up 1.1 %

Shares of Lowe’s Companies stock traded up $2.55 during trading on Friday, reaching $232.13. The company’s stock had a trading volume of 1,834,728 shares, compared to its average volume of 2,044,726. The business’s 50-day moving average price is $240.07 and its 200-day moving average price is $220.75. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The firm has a market cap of $132.82 billion, a PE ratio of 17.64, a P/E/G ratio of 1.72 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business’s revenue was down 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.28 EPS. Equities analysts predict that Lowe’s Companies, Inc. will post 12.21 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 8th. Investors of record on Wednesday, April 24th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is currently 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.