Janney Capital Management LLC Acquires 90 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Janney Capital Management LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,205 shares of the home improvement retailer’s stock after purchasing an additional 90 shares during the quarter. Janney Capital Management LLC’s holdings in Lowe’s Companies were worth $458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LOW. Invst LLC grew its position in shares of Lowe’s Companies by 1.1% in the second quarter. Invst LLC now owns 4,090 shares of the home improvement retailer’s stock valued at $923,000 after purchasing an additional 44 shares in the last quarter. Berkeley Capital Partners LLC grew its position in shares of Lowe’s Companies by 4.2% in the second quarter. Berkeley Capital Partners LLC now owns 1,119 shares of the home improvement retailer’s stock valued at $253,000 after purchasing an additional 45 shares in the last quarter. McAdam LLC grew its position in Lowe’s Companies by 3.7% during the second quarter. McAdam LLC now owns 1,322 shares of the home improvement retailer’s stock worth $298,000 after buying an additional 47 shares in the last quarter. Farther Finance Advisors LLC grew its position in Lowe’s Companies by 6.0% during the second quarter. Farther Finance Advisors LLC now owns 884 shares of the home improvement retailer’s stock worth $200,000 after buying an additional 50 shares in the last quarter. Finally, Strategy Asset Managers LLC grew its position in Lowe’s Companies by 3.4% during the second quarter. Strategy Asset Managers LLC now owns 1,553 shares of the home improvement retailer’s stock worth $351,000 after buying an additional 51 shares in the last quarter. 71.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays boosted their target price on Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Loop Capital reduced their target price on Lowe’s Companies from $225.00 to $210.00 in a research report on Thursday, October 12th. UBS Group reduced their target price on Lowe’s Companies from $265.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, November 22nd. Truist Financial boosted their target price on Lowe’s Companies from $225.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $215.00 price objective (down from $225.00) on shares of Lowe’s Companies in a report on Tuesday, November 21st. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Lowe’s Companies currently has an average rating of “Hold” and an average price target of $240.04.

Get Our Latest Research Report on LOW

Lowe’s Companies Stock Performance

LOW stock opened at $216.33 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $237.21. The business’s 50 day moving average price is $215.38 and its two-hundred day moving average price is $213.24. The company has a market capitalization of $124.41 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12.

Lowe’s Companies (NYSE:LOWGet Free Report) last posted its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $3.03 by $0.03. The company had revenue of $20.74 billion for the quarter, compared to the consensus estimate of $20.87 billion. Lowe’s Companies had a negative return on equity of 54.56% and a net margin of 8.49%. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.27 EPS. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 13.02 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Tuesday, January 23rd. Lowe’s Companies’s payout ratio is 33.92%.

Lowe’s Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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