Zhang Financial LLC Raises Position in Lowe’s Companies, Inc. (NYSE:LOW)

Zhang Financial LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 14.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,591 shares of the home improvement retailer’s stock after buying an additional 943 shares during the period. Zhang Financial LLC’s holdings in Lowe’s Companies were worth $1,689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LOW. Hamilton Capital LLC grew its holdings in Lowe’s Companies by 2.1% during the 3rd quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after purchasing an additional 49 shares during the last quarter. Abundance Wealth Counselors grew its holdings in Lowe’s Companies by 0.8% during the 4th quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after purchasing an additional 50 shares during the last quarter. YHB Investment Advisors Inc. grew its holdings in Lowe’s Companies by 0.6% during the 4th quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock valued at $2,006,000 after purchasing an additional 50 shares during the last quarter. Mather Group LLC. grew its holdings in Lowe’s Companies by 2.8% during the 1st quarter. Mather Group LLC. now owns 1,939 shares of the home improvement retailer’s stock valued at $392,000 after purchasing an additional 52 shares during the last quarter. Finally, Thomasville National Bank grew its holdings in Lowe’s Companies by 0.4% during the 4th quarter. Thomasville National Bank now owns 11,803 shares of the home improvement retailer’s stock valued at $2,627,000 after purchasing an additional 52 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Mizuho assumed coverage on shares of Lowe’s Companies in a report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price target on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a report on Wednesday, March 27th. Truist Financial upped their target price on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Evercore ISI dropped their target price on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a research note on Tuesday. Finally, 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 note on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Trading Up 0.4 %

Shares of NYSE LOW traded up $0.92 during midday trading on Friday, reaching $229.71. The company had a trading volume of 1,140,560 shares, compared to its average volume of 2,533,209. The business’s 50-day simple moving average is $239.46 and its 200 day simple moving average is $218.46. The stock has a market cap of $131.44 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.69 and a beta of 1.13. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The business had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business’s quarterly revenue was down 17.1% on a year-over-year basis. During the same quarter last year, the company posted $2.28 earnings per share. Analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.92%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Lowe’s Companies Profile

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.