Ghe LLC Grows Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Ghe LLC grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,286 shares of the home improvement retailer’s stock after buying an additional 190 shares during the quarter. Lowe’s Companies comprises 3.3% of Ghe LLC’s holdings, making the stock its 5th biggest position. Ghe LLC’s holdings in Lowe’s Companies were worth $5,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $25,000. Orion Capital Management LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter worth approximately $26,000. VisionPoint Advisory Group LLC raised its holdings in shares of Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Lowe’s Companies in the 3rd quarter worth approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $47,000. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LOW shares. Mizuho initiated coverage on shares of Lowe’s Companies in a report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 target price on the stock. DA Davidson reissued a “neutral” rating and issued a $270.00 target price on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Robert W. Baird raised shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price on the stock in a research report on Wednesday, February 14th. Piper Sandler lifted their target price on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada lifted their target price on shares of Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Stock Performance

Lowe’s Companies stock traded down $3.25 during trading hours on Wednesday, reaching $230.31. 1,484,364 shares of the company’s stock traded hands, compared to its average volume of 2,520,125. The firm has a market capitalization of $131.78 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.71 and a beta of 1.13. The firm’s 50 day moving average is $239.88 and its 200-day moving average is $219.43. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49.

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

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.91%. Lowe’s Companies’s payout ratio is 33.43%.

Lowe’s Companies Company 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.