Good Life Advisors LLC Buys 276 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Good Life Advisors LLC raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,757 shares of the home improvement retailer’s stock after purchasing an additional 276 shares during the period. Good Life Advisors LLC’s holdings in Lowe’s Companies were worth $2,394,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of LOW. Orion Capital Management LLC bought a new stake in Lowe’s Companies during the third quarter valued at about $26,000. VisionPoint Advisory Group LLC grew its holdings in Lowe’s Companies by 85.4% during the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the period. Sanctuary Wealth Management L.L.C. bought a new position in shares of Lowe’s Companies in the fourth quarter worth about $35,000. Itau Unibanco Holding S.A. bought a new position in shares of Lowe’s Companies in the third quarter worth about $40,000. Finally, True Wealth Design LLC bought a new position in shares of Lowe’s Companies in the fourth quarter worth about $42,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW traded up $1.91 during midday trading on Wednesday, hitting $253.33. 2,338,607 shares of the company traded hands, compared to its average volume of 2,604,218. The company has a market cap of $145.69 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13. The company’s 50-day simple moving average is $231.47 and its 200-day simple moving average is $215.72. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. The business had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.28 EPS. On average, research analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.74%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LOW. Oppenheimer reaffirmed a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a research note on Monday, March 4th. Piper Sandler upped their price objective on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Royal Bank of Canada upped their price objective on Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 28th. Barclays upped their price objective on Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. Finally, Morgan Stanley boosted their target price on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $251.60.

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.