Coppell Advisory Solutions Corp. Buys Shares of 2,801 Lowe’s Companies, Inc. (NYSE:LOW)

Coppell Advisory Solutions Corp. bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 2,801 shares of the home improvement retailer’s stock, valued at approximately $713,000.

A number of other hedge funds have also modified their holdings of LOW. Norges Bank acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $1,638,746,000. Vanguard Group Inc. lifted its holdings in shares of Lowe’s Companies by 5.2% in the first quarter. Vanguard Group Inc. now owns 53,693,630 shares of the home improvement retailer’s stock valued at $13,677,378,000 after purchasing an additional 2,674,372 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth about $430,090,000. Canoe Financial LP acquired a new stake in Lowe’s Companies in the 4th quarter valued at approximately $206,912,000. Finally, M&G Plc bought a new stake in Lowe’s Companies in the 1st quarter valued at approximately $217,995,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

NYSE LOW traded down $3.25 on Thursday, reaching $242.26. The company had a trading volume of 697,419 shares, compared to its average volume of 2,525,747. The firm has a market cap of $138.05 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 1.85 and a beta of 1.08. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The business has a 50 day moving average of $224.95 and a two-hundred day moving average of $229.94.

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

Lowe’s Companies Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LOW. Royal Bank of Canada reissued a “sector perform” rating and issued a $246.00 target price on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Citigroup cut their target price on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. Truist Financial lowered their price target on 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. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $250.04.

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.