Revolve Wealth Partners LLC Makes New $214,000 Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Revolve Wealth Partners LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 839 shares of the home improvement retailer’s stock, valued at approximately $214,000.

Other institutional investors have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $25,000. Tidemark LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. bought a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $28,000. Orion Capital Management LLC bought a new stake in shares of Lowe’s Companies during the third quarter worth approximately $26,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.5 %

NYSE LOW opened at $219.85 on Friday. The company has a market capitalization of $125.28 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.68 and a beta of 1.08. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The stock has a fifty day simple moving average of $225.69 and a 200 day simple moving average of $228.22.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. The business had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. Lowe’s Companies’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.67 earnings per share. Research analysts expect that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 35.34%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LOW shares. Stifel Nicolaus boosted their price target on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, May 13th. Oppenheimer reiterated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a research note on Monday, March 4th. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Evercore ISI cut their price target on Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating for the company in a research note on Wednesday, May 22nd. Finally, Mizuho started coverage on Lowe’s Companies in a research note on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price target for the company. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $251.33.

Lowe’s Companies Company 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.