Ausdal Financial Partners Inc. Boosts Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Ausdal Financial Partners Inc. increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 77.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,532 shares of the home improvement retailer’s stock after purchasing an additional 1,106 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Lowe’s Companies were worth $625,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LOW. IFS Advisors LLC purchased a new position in Lowe’s Companies during the fourth quarter valued at $25,000. Legacy Investment Solutions LLC bought a new position in shares of Lowe’s Companies in the 3rd quarter worth about $27,000. Winch Advisory Services LLC lifted its position in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the period. Marshall Investment Management LLC purchased a new position in Lowe’s Companies during the 4th quarter valued at about $31,000. Finally, Millstone Evans Group LLC bought a new stake in Lowe’s Companies during the fourth quarter worth about $44,000. 74.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on LOW. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Truist Financial dropped their target price on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Mizuho reduced their price target on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Finally, Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.71.

Lowe’s Companies Trading Up 0.1 %

Shares of NYSE LOW opened at $232.35 on Friday. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The firm has a market capitalization of $130.05 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The firm has a 50 day moving average of $246.24 and a 200 day moving average of $257.35.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.98%. Lowe’s Companies’s payout ratio is currently 37.67%.

About Lowe’s Companies

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.