Garde Capital Inc. Makes New Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Garde Capital Inc. acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 534 shares of the home improvement retailer’s stock, valued at approximately $136,000.

Other large investors also recently bought and sold shares of 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 purchasing an additional 581 shares in the last quarter. ING Groep NV increased its holdings in shares of Lowe’s Companies by 18,786.5% in the 4th 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 in the last quarter. Clifford Swan Investment Counsel LLC increased its holdings in shares of Lowe’s Companies by 0.3% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock valued at $47,947,000 after purchasing an additional 541 shares in the last quarter. Brevan Howard Capital Management LP increased its holdings in shares of 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 purchasing an additional 13,680 shares in the last quarter. Finally, Bamco Inc. NY increased its holdings in shares of Lowe’s Companies by 10.3% in 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 in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock traded down $0.94 during trading on Friday, hitting $240.42. 2,258,921 shares of the stock were exchanged, compared to its average volume of 2,483,161. The stock’s fifty day moving average is $225.93 and its 200 day moving average is $230.17. The stock has a market cap of $137.00 billion, a PE ratio of 19.31, a P/E/G ratio of 1.85 and a beta of 1.07. 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 released its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.94 by $0.12. The business had revenue of $21.36 billion during the quarter, compared to analyst estimates of $21.14 billion. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. During the same quarter in the prior year, the firm earned $3.67 earnings per share. The company’s quarterly revenue was down 4.4% on a year-over-year basis. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders 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%.

Wall Street Analyst Weigh In

LOW has been the subject of a number of research analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a report on Tuesday, May 21st. Royal Bank of Canada restated a “sector perform” rating and set a $246.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 22nd. DA Davidson dropped their target price on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, May 22nd. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday. 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. Fourteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.