Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,608 shares of the home improvement retailer’s stock after acquiring an additional 143 shares during the period. Summit Trail Advisors LLC’s holdings in Lowe’s Companies were worth $1,471,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Wetzel Investment Advisors Inc. acquired a new stake in Lowe’s Companies during the 4th quarter valued at approximately $25,000. Orion Capital Management LLC purchased a new position in shares of Lowe’s Companies during the 3rd quarter valued at approximately $26,000. VisionPoint Advisory Group LLC grew its position in shares of 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 worth $32,000 after buying an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Lowe’s Companies during the 3rd quarter valued at $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Lowe’s Companies during the fourth quarter valued at approximately $47,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 0.2 %

Shares of LOW stock traded down $0.43 during trading on Monday, reaching $231.70. 1,698,464 shares of the company’s stock were exchanged, compared to its average volume of 2,459,765. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The firm’s fifty day moving average price is $240.07 and its 200-day moving average price is $221.10. The stock has a market capitalization of $132.58 billion, a PE ratio of 17.70, a PEG ratio of 1.72 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same period last year, the business posted $2.28 earnings per share. The business’s revenue for the quarter was down 17.1% compared to the same quarter last year. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have commented on the stock. Truist Financial boosted their price target on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Piper Sandler lifted their target price on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. 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. Morgan Stanley lifted their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Finally, Oppenheimer reiterated a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a research report on Monday, March 4th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $252.52.

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.