Koshinski Asset Management Inc. Acquires 1,247 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Koshinski Asset Management Inc. raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 17.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,424 shares of the home improvement retailer’s stock after acquiring an additional 1,247 shares during the period. Koshinski Asset Management Inc.’s holdings in Lowe’s Companies were worth $1,138,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Avestar Capital LLC grew its holdings in shares of Lowe’s Companies by 6.4% in the 2nd quarter. Avestar Capital LLC now owns 2,963 shares of the home improvement retailer’s stock valued at $400,000 after buying an additional 178 shares during the period. Stelac Advisory Services LLC acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at $385,000. Iberiabank Corp acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at $352,000. Main Street Research LLC grew its holdings in shares of Lowe’s Companies by 4,254.0% in the 2nd quarter. Main Street Research LLC now owns 105,976 shares of the home improvement retailer’s stock valued at $14,319,000 after buying an additional 103,542 shares during the period. Finally, Zweig DiMenna Associates LLC acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at $14,527,000. 74.49% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on LOW. Guggenheim reissued a “buy” rating and issued a $135.00 price target on shares of Lowe’s Companies in a report on Wednesday, May 20th. Royal Bank of Canada upped their target price on shares of Lowe’s Companies from $136.00 to $165.00 in a research note on Friday, July 24th. Loop Capital upped their target price on shares of Lowe’s Companies from $105.00 to $140.00 in a research note on Thursday, May 21st. Bank of America upped their target price on shares of Lowe’s Companies from $143.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Finally, Nomura upped their target price on shares of Lowe’s Companies from $130.00 to $146.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-eight have issued a buy rating to the stock. Lowe’s Companies presently has a consensus rating of “Buy” and a consensus price target of $140.86.

Shares of LOW stock opened at $148.91 on Friday. The company has a debt-to-equity ratio of 14.05, a quick ratio of 0.42 and a current ratio of 1.20. The firm’s 50-day moving average is $137.36 and its 200-day moving average is $116.11. The stock has a market cap of $112.65 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 1.42 and a beta of 1.44. Lowe’s Companies, Inc. has a 52-week low of $60.00 and a 52-week high of $149.92.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.45. The firm had revenue of $19.68 billion for the quarter, compared to analysts’ expectations of $18.33 billion. Lowe’s Companies had a net margin of 6.17% and a return on equity of 220.44%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 EPS. Sell-side analysts predict that Lowe’s Companies, Inc. will post 6.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be issued a $0.55 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $2.20 annualized dividend and a yield of 1.48%. Lowe’s Companies’s dividend payout ratio is currently 38.46%.

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

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