Mission Wealth Management LP increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.8% in the 4th quarter, Holdings Channel reports. The firm owned 6,365 shares of the home improvement retailer’s stock after buying an additional 235 shares during the period. Mission Wealth Management LP’s holdings in Lowe’s Companies were worth $762,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Atwater Malick LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $26,000. OLD Second National Bank of Aurora increased its holdings in shares of Lowe’s Companies by 334.4% in the fourth quarter. OLD Second National Bank of Aurora now owns 265 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 204 shares during the period. CX Institutional increased its holdings in shares of Lowe’s Companies by 51.0% in the fourth quarter. CX Institutional now owns 364 shares of the home improvement retailer’s stock valued at $44,000 after purchasing an additional 123 shares during the period. Manchester Financial Inc. purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $45,000. Finally, Massey Quick Simon & CO. LLC raised its stake in shares of Lowe’s Companies by 268.6% during the third quarter. Massey Quick Simon & CO. LLC now owns 435 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 317 shares during the last quarter. 74.66% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on LOW shares. Wedbush reiterated an “outperform” rating and issued a $135.00 price objective on shares of Lowe’s Companies in a research report on Thursday, November 21st. Goldman Sachs Group upped their price objective on shares of Lowe’s Companies from $123.00 to $135.00 in a research report on Wednesday, November 27th. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a research note on Monday, September 30th. Guggenheim lifted their target price on shares of Lowe’s Companies from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Co reaffirmed a “buy” rating and issued a $135.00 target price on shares of Lowe’s Companies in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $129.46.
Shares of NYSE:LOW opened at $120.93 on Wednesday. The business’s 50 day simple moving average is $119.46 and its 200-day simple moving average is $111.40. The firm has a market capitalization of $93.79 billion, a price-to-earnings ratio of 31.99, a price-to-earnings-growth ratio of 1.53 and a beta of 1.28. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.04 and a quick ratio of 0.13. Lowe’s Companies, Inc. has a 12 month low of $90.23 and a 12 month high of $122.88.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.06. Lowe’s Companies had a net margin of 4.11% and a return on equity of 146.62%. The company had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.69 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 5.7 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a $0.55 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $2.20 annualized dividend and a dividend yield of 1.82%. Lowe’s Companies’s dividend payout ratio is currently 42.80%.
Lowe’s Companies Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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