Advisory Alpha LLC Raises Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Advisory Alpha LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,600 shares of the home improvement retailer’s stock after buying an additional 126 shares during the quarter. Advisory Alpha LLC’s holdings in Lowe’s Companies were worth $917,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Keener Financial Planning LLC bought a new position in shares of Lowe’s Companies during the 1st quarter worth approximately $35,000. Carson Advisory Inc. grew its stake in Lowe’s Companies by 2.9% during the 1st quarter. Carson Advisory Inc. now owns 3,049 shares of the home improvement retailer’s stock worth $777,000 after buying an additional 85 shares during the last quarter. Catalina Capital Group LLC increased its position in Lowe’s Companies by 54.3% during the 1st quarter. Catalina Capital Group LLC now owns 2,050 shares of the home improvement retailer’s stock valued at $522,000 after buying an additional 721 shares in the last quarter. Avidian Wealth Solutions LLC grew its stake in shares of Lowe’s Companies by 25.5% during the first quarter. Avidian Wealth Solutions LLC now owns 1,271 shares of the home improvement retailer’s stock worth $324,000 after acquiring an additional 258 shares during the last quarter. Finally, Mediolanum International Funds Ltd acquired a new position in shares of Lowe’s Companies during the first quarter valued at about $24,595,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Performance

Lowe’s Companies stock traded up $5.41 during trading hours on Friday, reaching $235.16. 610,401 shares of the stock were exchanged, compared to its average volume of 2,524,844. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The stock has a market cap of $134.00 billion, a P/E ratio of 18.55, a P/E/G ratio of 1.69 and a beta of 1.08. The firm’s 50 day moving average is $222.93 and its 200 day moving average is $227.97.

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 for the quarter, beating analysts’ consensus estimates 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 company had revenue of $21.36 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the company earned $3.67 EPS. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities research analysts expect that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Lowe’s Companies’s dividend payout ratio is presently 35.34%.

Analyst Ratings Changes

LOW has been the topic of a number of research 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. Evercore ISI decreased their target price on Lowe’s Companies from $250.00 to $225.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $246.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Finally, Truist Financial dropped their target price on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $250.41.

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.