Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Zhang Financial LLC

Zhang Financial LLC raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 14.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,591 shares of the home improvement retailer’s stock after acquiring an additional 943 shares during the quarter. Zhang Financial LLC’s holdings in Lowe’s Companies were worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC raised its holdings in Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new stake in Lowe’s Companies during the 4th quarter worth about $35,000. Itau Unibanco Holding S.A. acquired a new stake in Lowe’s Companies during the 3rd quarter worth about $40,000. Finally, True Wealth Design LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth about $42,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 0.4 %

Lowe’s Companies stock traded up $0.92 during trading hours on Friday, reaching $229.71. 1,140,560 shares of the company were exchanged, compared to its average volume of 2,533,209. The firm has a market cap of $131.44 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.69 and a beta of 1.13. The stock has a 50-day moving average of $239.46 and a 200 day moving average of $218.46. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month 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, topping analysts’ consensus estimates of $1.68 by $0.09. The firm had revenue of $18.60 billion during 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 company’s revenue was down 17.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.28 earnings per share. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS 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 of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.92%. Lowe’s Companies’s payout ratio is currently 33.43%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Telsey Advisory Group restated a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a report on Wednesday, March 27th. Robert W. Baird upgraded Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective on the stock in a report on Wednesday, February 14th. Mizuho assumed coverage on Lowe’s Companies in a report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price objective on the stock. Royal Bank of Canada boosted their price objective on Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. Finally, Evercore ISI dropped their target price on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a report on Tuesday. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $252.52.

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.