Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Western Wealth Management LLC

Western Wealth Management LLC raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,775 shares of the home improvement retailer’s stock after buying an additional 652 shares during the period. Western Wealth Management LLC’s holdings in Lowe’s Companies were worth $1,730,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Morgan Stanley grew its stake in Lowe’s Companies by 21.3% during the 4th quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer’s stock valued at $2,329,237,000 after purchasing an additional 2,050,089 shares in the last quarter. Norges Bank bought a new position in Lowe’s Companies during the 4th quarter worth approximately $1,461,267,000. Northern Trust Corp lifted its holdings in Lowe’s Companies by 1.1% during the 3rd quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock worth $1,483,733,000 after buying an additional 78,901 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Lowe’s Companies by 107,710.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer’s stock worth $1,012,147,000 after buying an additional 5,075,327 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in Lowe’s Companies by 189.5% during the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after buying an additional 1,831,727 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW traded up $2.79 during trading on Friday, reaching $231.58. 370,943 shares of the stock traded hands, compared to its average volume of 2,522,197. The stock has a market cap of $132.51 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The stock’s 50-day simple moving average is $239.46 and its two-hundred day simple moving average is $218.46.

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, topping analysts’ consensus estimates 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 company had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter in the previous year, the firm earned $2.28 earnings per share. The business’s quarterly revenue was down 17.1% compared to the same quarter last year. Research analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. Lowe’s Companies’s payout ratio is presently 33.43%.

Analysts Set New Price Targets

A number of research analysts have commented on LOW shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a report on Wednesday, March 27th. Royal Bank of Canada raised their price target 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. The Goldman Sachs Group raised their price target on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. DA Davidson reissued a “neutral” rating and issued a $270.00 price target on shares of Lowe’s Companies in a report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. raised their price target on Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.