Values First Advisors Inc. Grows Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Values First Advisors Inc. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,990 shares of the home improvement retailer’s stock after purchasing an additional 509 shares during the period. Values First Advisors Inc.’s holdings in Lowe’s Companies were worth $888,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Hamilton Capital LLC increased its stake in shares of Lowe’s Companies by 2.1% during the third quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock worth $507,000 after purchasing an additional 49 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Lowe’s Companies by 6.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 884 shares of the home improvement retailer’s stock valued at $200,000 after acquiring an additional 50 shares in the last quarter. Abundance Wealth Counselors grew its stake in Lowe’s Companies by 0.8% during the 4th quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after acquiring an additional 50 shares in the last quarter. Strategy Asset Managers LLC grew its stake in Lowe’s Companies by 3.4% during the 2nd quarter. Strategy Asset Managers LLC now owns 1,553 shares of the home improvement retailer’s stock valued at $351,000 after acquiring an additional 51 shares in the last quarter. Finally, Aprio Wealth Management LLC grew its stake in Lowe’s Companies by 4.3% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,244 shares of the home improvement retailer’s stock valued at $259,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on LOW. Evercore ISI upped their price objective on shares of Lowe’s Companies from $250.00 to $270.00 and gave the company an “in-line” rating in a research note on Tuesday. Piper Sandler raised their price target on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Royal Bank of Canada raised their price target on shares of Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. Barclays raised their price target on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Finally, Truist Financial raised their price target on shares of Lowe’s Companies from $244.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Thirteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $251.60.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock traded up $1.40 during trading on Friday, hitting $254.73. 2,631,256 shares of the stock were exchanged, compared to its average volume of 2,550,362. The stock has a market cap of $145.75 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. The firm’s 50-day moving average price is $232.18 and its 200 day moving average price is $215.99. 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 announced its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same period last year, the business earned $2.28 EPS. Lowe’s Companies’s revenue for the quarter was down 17.1% compared to the same quarter last year. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.73%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

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.