One Capital Management LLC Raises Position in Lowe’s Companies, Inc. (NYSE:LOW)

One Capital Management LLC grew its position in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 13.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,032 shares of the home improvement retailer’s stock after purchasing an additional 468 shares during the quarter. One Capital Management LLC’s holdings in Lowe’s Companies were worth $897,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new stake in Lowe’s Companies during the fourth quarter valued at approximately $25,000. Orion Capital Management LLC bought a new stake in Lowe’s Companies during the third quarter valued at approximately $26,000. VisionPoint Advisory Group LLC grew its position in Lowe’s Companies by 85.4% during the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 70 shares during the period. Pacific Capital Wealth Advisors Inc. bought a new stake in Lowe’s Companies during the fourth quarter valued at approximately $33,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Lowe’s Companies during the third quarter valued at approximately $40,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 1.0 %

Shares of Lowe’s Companies stock traded down $2.42 during midday trading on Monday, hitting $232.61. The company had a trading volume of 1,051,053 shares, compared to its average volume of 2,408,654. The stock has a market cap of $133.10 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 1.74 and a beta of 1.15. The company has a fifty day simple moving average of $239.58 and a 200 day simple moving average of $222.43. 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 announced its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. Lowe’s Companies’s revenue was down 17.1% on a year-over-year basis. During the same period last year, the firm posted $2.28 EPS. As a group, analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LOW. Stifel Nicolaus upped their price target on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a research report on Monday. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Morgan Stanley upped their target price on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group upped their price target on shares of Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Piper Sandler upped their price target on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $253.59.

Check Out Our Latest Research Report on LOW

Lowe’s Companies Company 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, d├ęcor, and electrical.

See Also

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

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