Great Valley Advisor Group Inc. Boosts Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Great Valley Advisor Group Inc. increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,240 shares of the home improvement retailer’s stock after purchasing an additional 121 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Lowe’s Companies were worth $6,285,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC purchased a new position in Lowe’s Companies in the third quarter valued at $574,000. Tectonic Advisors LLC boosted its holdings in Lowe’s Companies by 8.0% in the third quarter. Tectonic Advisors LLC now owns 3,693 shares of the home improvement retailer’s stock valued at $768,000 after purchasing an additional 274 shares in the last quarter. Simon Quick Advisors LLC increased its stake in Lowe’s Companies by 22.9% in the third quarter. Simon Quick Advisors LLC now owns 1,225 shares of the home improvement retailer’s stock valued at $255,000 after purchasing an additional 228 shares during the last quarter. Capital Advisors Inc. OK raised its holdings in Lowe’s Companies by 12.4% during the third quarter. Capital Advisors Inc. OK now owns 2,087 shares of the home improvement retailer’s stock worth $434,000 after purchasing an additional 230 shares in the last quarter. Finally, Stratos Wealth Advisors LLC lifted its position in shares of Lowe’s Companies by 3.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 15,680 shares of the home improvement retailer’s stock worth $3,259,000 after buying an additional 515 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

LOW has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Barclays raised their price target on Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. Stifel Nicolaus decreased their price objective on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a report on Friday, February 16th. Evercore ISI cut their target price on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Finally, Piper Sandler increased their price target on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies currently has an average rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Trading Up 0.5 %

Shares of LOW opened at $228.62 on Thursday. The firm’s 50-day moving average is $240.10 and its two-hundred day moving average is $220.45. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The firm has a market capitalization of $130.81 billion, a P/E ratio of 17.28, a PEG ratio of 1.69 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. Lowe’s Companies’s quarterly revenue was down 17.1% on a year-over-year basis. During the same period last year, the business posted $2.28 EPS. Analysts predict that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm 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 $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.92%. Lowe’s Companies’s dividend payout ratio is presently 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.