Koshinski Asset Management Inc. Increases Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Koshinski Asset Management Inc. increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 91.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 5,822 shares of the home improvement retailer’s stock after acquiring an additional 2,787 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Lowe’s Companies were worth $1,483,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. purchased a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $25,000. Tidemark LLC acquired a new position in Lowe’s Companies in the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. acquired a new position in Lowe’s Companies in the 4th quarter valued at $28,000. Transcendent Capital Group LLC purchased a new position in Lowe’s Companies in the 4th quarter valued at $31,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in Lowe’s Companies during the 4th quarter worth $33,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW traded up $1.19 during trading hours on Thursday, reaching $244.23. The stock had a trading volume of 718,984 shares, compared to its average volume of 2,537,803. The stock has a market capitalization of $139.17 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 1.85 and a beta of 1.08. The firm’s 50 day moving average is $223.39 and its 200-day moving average is $228.42. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, beating the consensus estimate of $2.94 by $0.12. The firm had revenue of $21.36 billion for the quarter, compared to analyst estimates of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. Lowe’s Companies’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.67 earnings per share. Analysts forecast that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

The firm 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 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Wednesday, July 24th. Lowe’s Companies’s payout ratio is 35.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LOW shares. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday. Citigroup decreased their target price on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Zelman & Associates restated a “neutral” rating and issued a $265.00 price target on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Gordon Haskett reaffirmed a “hold” rating and issued a $245.00 price target on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Finally, Truist Financial lowered their price objective on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Fourteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Hold” and an average price target of $250.04.

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.