Thoroughbred Financial Services LLC Grows Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Thoroughbred Financial Services LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 106.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 22,987 shares of the home improvement retailer’s stock after buying an additional 11,838 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Lowe’s Companies were worth $5,067,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. 9258 Wealth Management LLC grew its position in Lowe’s Companies by 24.8% in the 4th quarter. 9258 Wealth Management LLC now owns 2,387 shares of the home improvement retailer’s stock valued at $531,000 after acquiring an additional 474 shares during the last quarter. Gryphon Financial Partners LLC grew its position in Lowe’s Companies by 10.6% in the 4th quarter. Gryphon Financial Partners LLC now owns 1,441 shares of the home improvement retailer’s stock valued at $315,000 after acquiring an additional 138 shares during the last quarter. Navellier & Associates Inc. grew its position in Lowe’s Companies by 41.0% in the 4th quarter. Navellier & Associates Inc. now owns 6,911 shares of the home improvement retailer’s stock valued at $1,538,000 after acquiring an additional 2,011 shares during the last quarter. Private Wealth Management Group LLC bought a new position in Lowe’s Companies in the 4th quarter valued at $63,000. Finally, Financial Advocates Investment Management grew its position in Lowe’s Companies by 3.4% in the 4th quarter. Financial Advocates Investment Management now owns 3,949 shares of the home improvement retailer’s stock valued at $879,000 after acquiring an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LOW shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, August 20th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Bank of America dropped their price target on Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. UBS Group increased their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Wednesday, August 21st. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Lowe’s Companies currently has an average rating of “Hold” and an average price target of $252.83.

Lowe’s Companies Price Performance

LOW opened at $255.41 on Friday. The business’s 50-day moving average is $240.11 and its two-hundred day moving average is $234.78. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The firm has a market capitalization of $144.89 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.03 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The business had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same quarter in the previous year, the firm earned $4.56 earnings per share. The company’s revenue was down 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.93 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a dividend of $1.15 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, October 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.80%. Lowe’s Companies’s payout ratio is presently 36.95%.

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.