Axxcess Wealth Management LLC Boosts Position in Lowe’s Companies, Inc. (NYSE:LOW)

Axxcess Wealth Management LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 3.0% in the second quarter, Holdings Channel reports. The fund owned 2,773 shares of the home improvement retailer’s stock after purchasing an additional 81 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Lowe’s Companies were worth $484,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Personal Capital Advisors Corp grew its holdings in Lowe’s Companies by 0.6% during the first quarter. Personal Capital Advisors Corp now owns 167,111 shares of the home improvement retailer’s stock valued at $33,788,000 after purchasing an additional 931 shares during the period. CX Institutional grew its holdings in Lowe’s Companies by 10.1% during the first quarter. CX Institutional now owns 2,315 shares of the home improvement retailer’s stock valued at $468,000 after purchasing an additional 212 shares during the period. Simplicity Wealth LLC bought a new stake in Lowe’s Companies during the first quarter valued at about $1,021,000. EverSource Wealth Advisors LLC grew its holdings in Lowe’s Companies by 16.2% during the first quarter. EverSource Wealth Advisors LLC now owns 2,066 shares of the home improvement retailer’s stock valued at $417,000 after purchasing an additional 288 shares during the period. Finally, Wealthspire Advisors LLC grew its holdings in Lowe’s Companies by 21.5% during the second quarter. Wealthspire Advisors LLC now owns 2,964 shares of the home improvement retailer’s stock valued at $518,000 after purchasing an additional 524 shares during the period. Hedge funds and other institutional investors own 74.04% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $211.02 on Thursday. Lowe’s Companies, Inc. has a 1 year low of $170.12 and a 1 year high of $263.31. The stock’s 50 day simple moving average is $194.18 and its two-hundred day simple moving average is $192.60. The company has a market cap of $130.98 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.18 and a beta of 1.15.

Lowe’s Companies (NYSE:LOWGet Rating) last issued its quarterly earnings data on Wednesday, November 16th. The home improvement retailer reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.18. Lowe’s Companies had a negative return on equity of 103.72% and a net margin of 6.97%. The business had revenue of $23.48 billion for the quarter, compared to the consensus estimate of $23.16 billion. During the same period in the prior year, the business posted $2.73 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts expect that Lowe’s Companies, Inc. will post 13.77 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, January 24th. This represents a $4.20 annualized dividend and a dividend yield of 1.99%. Lowe’s Companies’s payout ratio is 41.14%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LOW shares. Cowen started coverage on Lowe’s Companies in a research note on Wednesday, October 19th. They issued a “market perform” rating and a $210.00 price objective for the company. Exane BNP Paribas lowered Lowe’s Companies from a “neutral” rating to an “underperform” rating and set a $159.00 price objective for the company. in a research note on Wednesday, October 19th. Citigroup dropped their price objective on Lowe’s Companies from $217.00 to $215.00 in a research note on Monday, October 31st. Truist Financial upped their price objective on Lowe’s Companies from $237.00 to $263.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Finally, MKM Partners dropped their price objective on Lowe’s Companies from $220.00 to $205.00 in a research note on Wednesday, November 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $231.35.

Lowe’s Companies Company Profile

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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