Breed s Hill Capital LLC Takes $213,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

Breed s Hill Capital LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 956 shares of the home improvement retailer’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wetzel Investment Advisors Inc. acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $25,000. Orion Capital Management LLC bought a new stake in Lowe’s Companies during the 3rd quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. acquired a new position in Lowe’s Companies during the 4th quarter valued at about $33,000. VisionPoint Advisory Group LLC boosted its stake in shares of Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock traded up $4.13 during trading hours on Thursday, reaching $236.20. The company had a trading volume of 1,651,555 shares, compared to its average volume of 2,436,139. The business has a fifty day simple moving average of $239.86 and a 200-day simple moving average of $221.76. The company has a market cap of $135.15 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping 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 company had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same period in the previous year, the business posted $2.28 EPS. The business’s revenue for the quarter was down 17.1% compared to the same quarter last year. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LOW shares. Truist Financial raised their price target on Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Zelman & Associates reaffirmed a “neutral” rating and issued a $265.00 price target on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Stifel Nicolaus decreased their price objective on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a report on Friday, February 16th. Evercore ISI cut their target price on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Finally, Mizuho started coverage on shares of Lowe’s Companies in a report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price target for the company. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $252.67.

Lowe’s Companies Company 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.