Little House Capital LLC Makes New $585,000 Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Little House Capital LLC purchased a new position in Lowe’s Companies, Inc. (NYSE:LOW) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,296 shares of the home improvement retailer’s stock, valued at approximately $585,000.

Other large investors have also bought and sold shares of the company. Morgan Stanley grew its holdings in Lowe’s Companies by 1.1% during the third quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock valued at $2,271,836,000 after purchasing an additional 116,855 shares during the period. Norges Bank bought a new position in shares of Lowe’s Companies during the 4th quarter worth $1,638,746,000. Charles Schwab Investment Management Inc. raised its stake in Lowe’s Companies by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,211,131 shares of the home improvement retailer’s stock worth $714,637,000 after buying an additional 41,451 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Lowe’s Companies by 1.9% during the fourth quarter. Schroder Investment Management Group now owns 2,851,127 shares of the home improvement retailer’s stock valued at $634,518,000 after buying an additional 52,859 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Lowe’s Companies during the 4th quarter worth $430,090,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on LOW. Mizuho initiated coverage on Lowe’s Companies in a research report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price objective on the stock. Oppenheimer reissued a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research note on Monday, March 4th. Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Truist Financial decreased their price objective on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Finally, Zelman & Associates restated a “neutral” rating and issued a $265.00 target price on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $251.33.

Lowe’s Companies Price Performance

Lowe’s Companies stock traded down $6.27 during trading hours on Monday, hitting $214.19. The company had a trading volume of 1,534,047 shares, compared to its average volume of 2,546,524. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The firm’s fifty day moving average is $225.32 and its 200-day moving average is $228.49. The firm has a market capitalization of $122.05 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. The business had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. Lowe’s Companies’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.67 EPS. Analysts anticipate that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, July 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Lowe’s Companies’s payout ratio is 35.34%.

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.