United Asset Strategies Inc. increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 24.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,795 shares of the home improvement retailer’s stock after purchasing an additional 1,522 shares during the quarter. United Asset Strategies Inc.’s holdings in Lowe’s Companies were worth $671,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Capital Investment Advisors LLC grew its stake in Lowe’s Companies by 11.7% in the 4th quarter. Capital Investment Advisors LLC now owns 5,506 shares of the home improvement retailer’s stock valued at $659,000 after buying an additional 576 shares during the last quarter. Bristlecone Advisors LLC acquired a new position in Lowe’s Companies in the 4th quarter valued at about $217,000. Janney Montgomery Scott LLC grew its stake in Lowe’s Companies by 10.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 154,744 shares of the home improvement retailer’s stock valued at $18,532,000 after buying an additional 14,043 shares during the last quarter. NEXT Financial Group Inc grew its stake in Lowe’s Companies by 26.7% in the 4th quarter. NEXT Financial Group Inc now owns 1,315 shares of the home improvement retailer’s stock valued at $157,000 after buying an additional 277 shares during the last quarter. Finally, RFG Advisory LLC grew its stake in Lowe’s Companies by 13.7% in the 4th quarter. RFG Advisory LLC now owns 9,102 shares of the home improvement retailer’s stock valued at $1,090,000 after buying an additional 1,095 shares during the last quarter. 76.15% of the stock is currently owned by institutional investors.
LOW has been the topic of a number of research reports. Telsey Advisory Group reiterated an “outperform” rating on shares of Lowe’s Companies in a research note on Friday, February 21st. Wedbush upped their price target on shares of Lowe’s Companies from $105.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday. Nomura upped their price target on shares of Lowe’s Companies from $125.00 to $130.00 in a research note on Thursday. Stifel Nicolaus upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and increased their target price for the stock from $94.00 to $149.00 in a research report on Wednesday. Finally, TheStreet upgraded shares of Lowe’s Companies from a “c+” rating to a “b-” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $132.54.
In related news, CEO Marvin R. Ellison acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $103.86 per share, with a total value of $1,038,600.00. Following the purchase, the chief executive officer now directly owns 90,090 shares in the company, valued at $9,356,747.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.
NYSE:LOW traded down $1.34 on Friday, hitting $119.30. The company had a trading volume of 125,189 shares, compared to its average volume of 5,925,836. The stock has a market capitalization of $88.32 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.30 and a beta of 1.38. The company has a current ratio of 1.20, a quick ratio of 0.14 and a debt-to-equity ratio of 14.05. The firm has a 50 day moving average of $100.72 and a two-hundred day moving average of $109.98. Lowe’s Companies, Inc. has a 52 week low of $60.00 and a 52 week high of $126.73.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $1.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.45. The business had revenue of $19.68 billion during the quarter, compared to the consensus estimate of $18.33 billion. Lowe’s Companies had a net margin of 6.17% and a return on equity of 220.44%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.22 EPS. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 5.96 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Tuesday, April 21st. Lowe’s Companies’s payout ratio is 38.46%.
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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