XML Financial LLC Has $1.41 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

XML Financial LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 38.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 5,525 shares of the home improvement retailer’s stock after buying an additional 1,526 shares during the period. XML Financial LLC’s holdings in Lowe’s Companies were worth $1,408,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Paragon Private Wealth Management LLC lifted its stake in Lowe’s Companies by 13.5% in the 4th quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock valued at $1,086,000 after purchasing an additional 581 shares during the last quarter. ING Groep NV boosted its stake in shares of Lowe’s Companies by 18,786.5% during the 4th quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock worth $23,748,000 after acquiring an additional 106,144 shares during the period. Clifford Swan Investment Counsel LLC increased its holdings in shares of Lowe’s Companies by 0.3% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock worth $47,947,000 after acquiring an additional 541 shares during the last quarter. Brevan Howard Capital Management LP raised its stake in Lowe’s Companies by 824.6% in the 4th quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock valued at $3,414,000 after acquiring an additional 13,680 shares during the period. Finally, Bamco Inc. NY lifted its holdings in Lowe’s Companies by 10.3% during the 1st quarter. Bamco Inc. NY now owns 216,958 shares of the home improvement retailer’s stock valued at $55,266,000 after purchasing an additional 20,181 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

Shares of NYSE LOW traded down $4.15 during mid-day trading on Thursday, hitting $241.36. 1,993,319 shares of the stock traded hands, compared to its average volume of 2,534,753. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The firm has a 50 day simple moving average of $224.95 and a two-hundred day simple moving average of $229.94. The company has a market cap of $137.54 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.85 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. 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 business earned $3.67 earnings per share. Lowe’s Companies’s revenue was down 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Wednesday, July 24th. Lowe’s Companies’s payout ratio is presently 36.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Truist Financial dropped their price objective on shares of 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. Evercore ISI cut their price objective on shares of Lowe’s Companies from $250.00 to $225.00 and set an “in-line” rating for the company in a research report on Tuesday, July 2nd. Stifel Nicolaus upped their target price on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research report on Monday, May 13th. DA Davidson dropped their target price on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, May 22nd. Finally, Citigroup decreased their price target on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $250.04.

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.