Lowe’s Companies, Inc. (NYSE:LOW) Stake Boosted by Vicus Capital

Vicus Capital increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,503 shares of the home improvement retailer’s stock after buying an additional 75 shares during the quarter. Vicus Capital’s holdings in Lowe’s Companies were worth $1,147,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Private Management Group Inc. grew its holdings in Lowe’s Companies by 4.0% in the 4th quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock worth $268,000 after buying an additional 46 shares in the last quarter. First Bank & Trust grew its holdings in Lowe’s Companies by 3.1% in the 1st quarter. First Bank & Trust now owns 1,509 shares of the home improvement retailer’s stock worth $384,000 after buying an additional 46 shares in the last quarter. First Command Advisory Services Inc. grew its holdings in Lowe’s Companies by 1.9% in the 4th quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock worth $576,000 after buying an additional 48 shares in the last quarter. Jag Capital Management LLC grew its holdings in Lowe’s Companies by 0.3% in the 4th quarter. Jag Capital Management LLC now owns 15,772 shares of the home improvement retailer’s stock worth $3,510,000 after buying an additional 48 shares in the last quarter. Finally, Hamilton Capital LLC grew its holdings in Lowe’s Companies by 2.1% in the 3rd quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock worth $507,000 after buying an additional 49 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Trading Up 0.3 %

Shares of NYSE:LOW opened at $220.46 on Friday. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The business has a fifty day simple moving average of $225.32 and a 200 day simple moving average of $228.40. The firm has a market cap of $125.63 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.69 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.12. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The business had revenue of $21.36 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same period last year, the company earned $3.67 earnings per share. Lowe’s Companies’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. Lowe’s Companies’s dividend payout ratio is 35.34%.

Analysts Set New Price Targets

LOW has been the subject of a number of recent analyst reports. Zelman & Associates reissued a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $246.00 price target on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Citigroup lowered their price target on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Telsey Advisory Group reiterated a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a research report on Tuesday, May 21st. Finally, Truist Financial lowered their price target on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Fifteen research 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 presently has an average rating of “Hold” and a consensus target price of $251.33.

About Lowe’s Companies

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.