EP Wealth Advisors LLC acquired a new position in Lowe's Companies, Inc. (NYSE:LOW) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,227 shares of the home improvement retailer’s stock, valued at approximately $207,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Krilogy Financial LLC raised its holdings in shares of Lowe's Companies by 2.4% in the 2nd quarter. Krilogy Financial LLC now owns 3,825 shares of the home improvement retailer’s stock worth $297,000 after purchasing an additional 91 shares during the period. IHT Wealth Management LLC raised its holdings in shares of Lowe's Companies by 8.7% in the 2nd quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock worth $154,000 after purchasing an additional 110 shares during the period. Keel Point LLC raised its holdings in shares of Lowe's Companies by 1.6% in the 2nd quarter. Keel Point LLC now owns 8,263 shares of the home improvement retailer’s stock worth $641,000 after purchasing an additional 132 shares during the period. National Asset Management Inc. raised its holdings in shares of Lowe's Companies by 1.2% in the 2nd quarter. National Asset Management Inc. now owns 14,570 shares of the home improvement retailer’s stock worth $1,130,000 after purchasing an additional 169 shares during the period. Finally, Sciencast Management LP raised its holdings in shares of Lowe's Companies by 2.0% in the 2nd quarter. Sciencast Management LP now owns 10,688 shares of the home improvement retailer’s stock worth $829,000 after purchasing an additional 205 shares during the period. Institutional investors own 73.81% of the company’s stock.
LOW has been the topic of a number of research reports. Robert W. Baird restated a “buy” rating and issued a $110.00 price objective on shares of Lowe's Companies in a report on Wednesday, January 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $103.00 target price on shares of Lowe's Companies in a research note on Friday, December 22nd. Guggenheim initiated coverage on Lowe's Companies in a research note on Tuesday, December 12th. They issued a “buy” rating and a $95.00 target price for the company. Credit Suisse Group set a $116.00 target price on Lowe's Companies and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, Morgan Stanley set a $115.00 target price on Lowe's Companies and gave the company a “buy” rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $97.93.
Shares of LOW traded down $0.51 during mid-day trading on Friday, hitting $88.24. The stock had a trading volume of 8,757,147 shares, compared to its average volume of 7,366,811. The firm has a market cap of $73,239.20, a price-to-earnings ratio of 20.10, a PEG ratio of 0.94 and a beta of 1.32. The company has a current ratio of 1.06, a quick ratio of 0.11 and a debt-to-equity ratio of 2.65. Lowe's Companies, Inc. has a fifty-two week low of $70.76 and a fifty-two week high of $108.98.
Lowe's Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 28th. The home improvement retailer reported $0.74 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.13). The firm had revenue of $15.49 billion during the quarter, compared to analyst estimates of $15.34 billion. Lowe's Companies had a return on equity of 65.17% and a net margin of 5.02%. Lowe's Companies’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. sell-side analysts predict that Lowe's Companies, Inc. will post 5.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Wednesday, April 25th will be given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, April 24th. This represents a $1.64 annualized dividend and a dividend yield of 1.86%. Lowe's Companies’s payout ratio is 37.36%.
Lowe's Companies declared that its Board of Directors has approved a stock repurchase program on Friday, January 26th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
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Lowe's Companies Company Profile
Lowe's Companies, Inc operates as a home improvement company in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal living, lawn and garden, paint, millwork, flooring, kitchens, outdoor power equipment, and home fashions.
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