Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 21.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,066 shares of the home improvement retailer’s stock after acquiring an additional 902 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Lowe’s Companies were worth $1,181,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Wood Tarver Financial Group LLC acquired a new position in Lowe’s Companies during the fourth quarter worth about $25,000. Marshall Investment Management LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $31,000. Caisse Des Depots ET Consignations acquired a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $33,000. Orion Capital Management LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $36,000. Finally, IFS Advisors LLC grew its position in Lowe’s Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW opened at $225.35 on Friday. The company’s 50 day moving average price is $223.72 and its 200 day moving average price is $241.72. Lowe’s Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The company has a market capitalization of $126.29 billion, a PE ratio of 18.79, a PEG ratio of 1.96 and a beta of 0.92.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating the consensus estimate 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 business had revenue of $20.93 billion for the quarter, compared to analysts’ expectations of $21.09 billion. During the same period in the previous year, the company posted $3.06 EPS. Lowe’s Companies’s revenue was down 2.0% on a year-over-year basis. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be paid a $1.20 dividend. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a yield of 2.13%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. Lowe’s Companies’s payout ratio is 39.77%.

Analysts Set New Price Targets

LOW has been the topic of several recent research reports. Bank of America decreased their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company decreased their target price on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 21st. KeyCorp raised Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price target on the stock in a research note on Friday, April 25th. Finally, Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $271.12.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the sale, the executive vice president now directly owns 31,898 shares of the company’s stock, valued at $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.27% of the company’s stock.

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.