August 9, 2022

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Capital Investment Advisors LLC Raises Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)


Capital Investment Advisors LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 9.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,367 shares of the home improvement retailer’s stock after purchasing an additional 551 shares during the period. Capital Investment Advisors LLC’s holdings in Lowe’s Companies were worth $1,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Trust Investment Advisors boosted its holdings in Lowe’s Companies by 0.9% in the fourth quarter. Trust Investment Advisors now owns 4,702 shares of the home improvement retailer’s stock valued at $1,215,000 after purchasing an additional 43 shares during the last quarter. YHB Investment Advisors Inc. boosted its holdings in Lowe’s Companies by 0.5% in the fourth quarter. YHB Investment Advisors Inc. now owns 9,802 shares of the home improvement retailer’s stock valued at $2,534,000 after purchasing an additional 45 shares during the last quarter. Oldfather Financial Services LLC boosted its holdings in Lowe’s Companies by 4.8% in the fourth quarter. Oldfather Financial Services LLC now owns 1,021 shares of the home improvement retailer’s stock valued at $232,000 after purchasing an additional 47 shares during the last quarter. Keel Point LLC boosted its holdings in Lowe’s Companies by 2.0% in the fourth quarter. Keel Point LLC now owns 2,483 shares of the home improvement retailer’s stock valued at $642,000 after purchasing an additional 49 shares during the last quarter. Finally, CCM Investment Advisers LLC boosted its holdings in Lowe’s Companies by 2.0% in the fourth quarter. CCM Investment Advisers LLC now owns 2,490 shares of the home improvement retailer’s stock valued at $643,000 after purchasing an additional 50 shares during the last quarter. 75.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Lowe’s Companies stock opened at $182.84 on Friday. Lowe’s Companies, Inc. has a twelve month low of $170.12 and a twelve month high of $263.31. The stock has a market capitalization of $116.86 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.02 and a beta of 1.25. The business’s 50 day simple moving average is $191.60 and its 200-day simple moving average is $217.69.

Lowe’s Companies (NYSE:LOWGet Rating) last posted its earnings results on Wednesday, May 18th. The home improvement retailer reported $3.51 EPS for the quarter, beating the consensus estimate of $3.22 by $0.29. Lowe’s Companies had a negative return on equity of 251.50% and a net margin of 8.85%. The firm had revenue of $23.66 billion for the quarter, compared to analysts’ expectations of $23.72 billion. During the same period last year, the firm earned $3.21 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 13.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 3rd. Investors of record on Wednesday, July 20th will be given a $1.05 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.80. This represents a $4.20 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, July 19th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 26.08%.

A number of research analysts have commented on the company. MKM Partners assumed coverage on Lowe’s Companies in a report on Thursday. They set a “neutral” rating and a $190.00 target price on the stock. Gordon Haskett downgraded Lowe’s Companies from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Jefferies Financial Group reduced their target price on Lowe’s Companies from $290.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, May 19th. Wedbush reduced their target price on Lowe’s Companies from $240.00 to $200.00 and set a “neutral” rating on the stock in a report on Thursday, May 19th. Finally, Citigroup reduced their target price on Lowe’s Companies from $292.00 to $222.00 in a report on Friday, May 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $240.16.

Lowe’s Companies Company Profile (Get Rating)

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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



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