AGP Franklin LLC Makes New $494,000 Investment in Lowe’s Companies, Inc. (NYSE:LOW)

AGP Franklin LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,000 shares of the home improvement retailer’s stock, valued at approximately $494,000.

Other large investors also recently modified their holdings of the company. Invst LLC bought a new stake in shares of Lowe’s Companies during the 3rd quarter valued at about $255,000. Virtu Financial LLC lifted its stake in Lowe’s Companies by 66.1% in the third quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer’s stock valued at $1,483,000 after buying an additional 2,178 shares during the period. Tudor Financial Inc. acquired a new position in Lowe’s Companies in the third quarter valued at approximately $1,877,000. Anchor Investment Management LLC boosted its holdings in shares of Lowe’s Companies by 2.6% during the 3rd quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer’s stock worth $12,334,000 after buying an additional 1,161 shares in the last quarter. Finally, World Investment Advisors LLC grew its position in shares of Lowe’s Companies by 7.6% during the 3rd quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer’s stock worth $6,423,000 after buying an additional 1,670 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Up 1.8 %

LOW opened at $224.25 on Tuesday. Lowe’s Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The company’s 50-day moving average price is $235.57 and its two-hundred day moving average price is $253.99. The stock has a market cap of $125.51 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.96 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

Analysts Set New Price Targets

A number of research firms recently issued reports on LOW. Truist Financial cut their target price on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Royal Bank of Canada decreased their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Bank of America cut their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, Mizuho decreased their price objective on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $278.74.

About Lowe’s Companies

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.