Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Powers Advisory Group LLC

Powers Advisory Group LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 19.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,450 shares of the home improvement retailer’s stock after purchasing an additional 236 shares during the period. Powers Advisory Group LLC’s holdings in Lowe’s Companies were worth $369,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Paragon Private Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 581 shares during the last quarter. ING Groep NV increased its stake in Lowe’s Companies by 18,786.5% in the fourth quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock valued at $23,748,000 after purchasing an additional 106,144 shares during the last quarter. Clifford Swan Investment Counsel LLC raised its holdings in Lowe’s Companies by 0.3% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock worth $47,947,000 after purchasing an additional 541 shares in the last quarter. Brevan Howard Capital Management LP lifted its position in shares of Lowe’s Companies by 824.6% during the 4th quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock worth $3,414,000 after buying an additional 13,680 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Lowe’s Companies by 1.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock valued at $10,031,000 after buying an additional 540 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Down 0.2 %

Shares of NYSE:LOW traded down $0.40 during trading on Thursday, hitting $213.30. 1,423,518 shares of the stock were exchanged, compared to its average volume of 2,828,350. The company has a market cap of $121.55 billion, a PE ratio of 17.13, a P/E/G ratio of 1.64 and a beta of 1.08. The company has a fifty day moving average price of $224.22 and a two-hundred day moving average price of $228.21. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted its 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 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 the consensus estimate of $21.14 billion. During the same period in the previous year, the business earned $3.67 earnings per share. Lowe’s Companies’s quarterly revenue was down 4.4% compared to the same quarter last year. 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be given a $0.15 dividend. 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 dividend payout ratio is presently 35.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LOW shares. Telsey Advisory Group reiterated a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a research note on Tuesday, May 21st. Wedbush reissued a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Truist Financial decreased their target price on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Finally, Mizuho initiated coverage on Lowe’s Companies in a report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price objective for the company. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.