Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 88.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 23,691 shares of the home improvement retailer’s stock after purchasing an additional 11,131 shares during the quarter. Lowe’s Companies comprises about 1.9% of S.E.E.D. Planning Group LLC’s investment portfolio, making the stock its 23rd largest position. S.E.E.D. Planning Group LLC’s holdings in Lowe’s Companies were worth $5,525,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LOW. Brighton Jones LLC raised its holdings in shares of Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Lowe’s Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after buying an additional 259 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of Lowe’s Companies by 131.6% during the 4th quarter. Perigon Wealth Management LLC now owns 8,073 shares of the home improvement retailer’s stock valued at $2,089,000 after buying an additional 4,587 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in Lowe’s Companies by 15.1% in the fourth quarter. Gateway Wealth Partners LLC now owns 884 shares of the home improvement retailer’s stock worth $218,000 after acquiring an additional 116 shares during the last quarter. Finally, Allen Capital Group LLC boosted its stake in Lowe’s Companies by 10.3% in the fourth quarter. Allen Capital Group LLC now owns 1,903 shares of the home improvement retailer’s stock valued at $470,000 after acquiring an additional 178 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on LOW shares. Piper Sandler lowered their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Wells Fargo & Company lowered their price objective on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Wednesday, May 21st. JPMorgan Chase & Co. reduced their price target on shares of Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. Finally, Royal Bank of Canada cut their price objective on shares of Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $271.12.

Lowe’s Companies Stock Up 0.2%

Shares of LOW stock opened at $224.92 on Friday. The stock has a 50-day simple moving average of $224.30 and a 200 day simple moving average of $243.46. The stock has a market capitalization of $125.89 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.96 and a beta of 1.00. Lowe’s Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. During the same period in the prior year, the company earned $3.06 EPS. Lowe’s Companies’s revenue was down 2.0% on a year-over-year basis. On average, 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lowe’s Companies’s payout ratio is 38.11%.

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.