Wedbush Securities Inc. Has $3.73 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Wedbush Securities Inc. boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,108 shares of the home improvement retailer’s stock after purchasing an additional 167 shares during the quarter. Wedbush Securities Inc.’s holdings in Lowe’s Companies were worth $3,729,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LOW. Klingenstein Fields & Co. LP boosted its stake in shares of Lowe’s Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock worth $1,012,000 after acquiring an additional 39 shares during the period. Powers Advisory Group LLC lifted its holdings in Lowe’s Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock worth $380,000 after purchasing an additional 40 shares in the last quarter. Saxony Capital Management LLC boosted its stake in Lowe’s Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock worth $245,000 after purchasing an additional 40 shares during the period. Cordatus Wealth Management LLC grew its holdings in Lowe’s Companies by 0.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock valued at $3,705,000 after buying an additional 41 shares in the last quarter. Finally, O Brien Greene & Co. Inc raised its position in shares of Lowe’s Companies by 1.5% during the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer’s stock valued at $715,000 after buying an additional 42 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of research reports. Evercore ISI upped their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Piper Sandler decreased their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Wedbush restated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Stifel Nicolaus upped their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.35.

Lowe’s Companies Stock Performance

LOW stock opened at $223.05 on Friday. The firm has a market cap of $124.84 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The firm has a 50-day simple moving average of $242.39 and a two-hundred day simple moving average of $256.47.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is 37.67%.

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.