Stonegate Investment Group LLC Boosts Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Stonegate Investment Group LLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,387 shares of the home improvement retailer’s stock after purchasing an additional 49 shares during the period. Stonegate Investment Group LLC’s holdings in Lowe’s Companies were worth $2,646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of LOW. U.S. Capital Wealth Advisors LLC grew its position in Lowe’s Companies by 42.2% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 20,457 shares of the home improvement retailer’s stock valued at $4,252,000 after acquiring an additional 6,075 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Lowe’s Companies by 1.2% in the third quarter. Valeo Financial Advisors LLC now owns 6,598 shares of the home improvement retailer’s stock valued at $1,371,000 after purchasing an additional 80 shares in the last quarter. Golden State Equity Partners increased its stake in Lowe’s Companies by 1.1% during the 3rd quarter. Golden State Equity Partners now owns 5,609 shares of the home improvement retailer’s stock worth $1,166,000 after buying an additional 61 shares during the period. Ascent Wealth Partners LLC lifted its holdings in Lowe’s Companies by 6.8% during the 3rd quarter. Ascent Wealth Partners LLC now owns 5,228 shares of the home improvement retailer’s stock worth $1,087,000 after buying an additional 332 shares in the last quarter. Finally, Brookstone Capital Management boosted its position in Lowe’s Companies by 1.9% in the 3rd quarter. Brookstone Capital Management now owns 27,109 shares of the home improvement retailer’s stock valued at $5,163,000 after buying an additional 503 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 1.3 %

LOW traded down $3.02 on Tuesday, hitting $227.92. 2,435,258 shares of the company traded hands, compared to its average volume of 2,494,747. The company has a 50 day moving average of $240.11 and a 200-day moving average of $220.41. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The stock has a market capitalization of $130.41 billion, a PE ratio of 17.32, a PEG ratio of 1.70 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same period last year, the company earned $2.28 earnings per share. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.93%. Lowe’s Companies’s dividend payout ratio (DPR) is 33.43%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Oppenheimer reaffirmed a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a research report on Monday, March 4th. Wells Fargo & Company lifted their price objective on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Barclays upped their target price on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. UBS Group lifted their price target on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies 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.