Laurel Wealth Advisors LLC Has $994,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

Laurel Wealth Advisors LLC lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,466 shares of the home improvement retailer’s stock after selling 50 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Trust & Investment Management Co acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $5,890,000. Syon Capital LLC increased its position in Lowe’s Companies by 23.3% during the 4th quarter. Syon Capital LLC now owns 7,129 shares of the home improvement retailer’s stock valued at $1,587,000 after purchasing an additional 1,345 shares during the period. Biondo Investment Advisors LLC increased its position in Lowe’s Companies by 1.0% during the 3rd quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock valued at $12,669,000 after purchasing an additional 620 shares during the period. Perigon Wealth Management LLC increased its position in Lowe’s Companies by 18.6% during the 4th quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock valued at $829,000 after purchasing an additional 584 shares during the period. Finally, Legacy CG LLC increased its position in Lowe’s Companies by 25.0% during the 4th quarter. Legacy CG LLC now owns 22,948 shares of the home improvement retailer’s stock valued at $5,107,000 after purchasing an additional 4,583 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LOW shares. Oppenheimer reissued a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research report on Monday, March 4th. Wells Fargo & Company increased their price target on Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Piper Sandler increased their price target on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Barclays increased their price target on Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Finally, UBS Group increased their price target on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Stock Down 0.0 %

NYSE LOW traded down $0.09 on Friday, reaching $229.87. The company had a trading volume of 2,001,196 shares, compared to its average volume of 2,110,073. The stock has a market capitalization of $131.53 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.70 and a beta of 1.13. The company’s fifty day moving average is $239.98 and its 200 day moving average is $219.70. 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. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same period last year, the firm posted $2.28 EPS. The business’s revenue was down 17.1% compared to the same quarter last year. On average, research analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

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

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.