SNS Financial Group LLC Acquires Shares of 969 Lowe’s Companies, Inc. (NYSE:LOW)

SNS Financial Group LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOWFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 969 shares of the home improvement retailer’s stock, valued at approximately $216,000.

Other large investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth $26,000. VisionPoint Advisory Group LLC increased its stake in shares of Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares during the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Lowe’s Companies during the 4th quarter worth $35,000. Itau Unibanco Holding S.A. acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth $40,000. Finally, True Wealth Design LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth $42,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barclays increased their price target on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a report on Wednesday, March 27th. Truist Financial upped their price objective on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a report on Tuesday. Piper Sandler upped their price objective on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $270.00 price objective on shares of Lowe’s Companies in a report on Wednesday, March 27th. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $252.12.

Check Out Our Latest Research Report on LOW

Lowe’s Companies Stock Performance

Shares of NYSE:LOW traded down $5.21 during midday trading on Tuesday, reaching $244.07. 1,030,635 shares of the company’s stock were exchanged, compared to its average volume of 2,574,594. The company’s 50 day simple moving average is $234.19 and its two-hundred day simple moving average is $216.36. The firm has a market capitalization of $139.65 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49.

Lowe’s Companies (NYSE:LOWGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The company had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same period last year, the firm earned $2.28 EPS. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 33.43%.

About Lowe’s Companies

(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, d├ęcor, and electrical.

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

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