Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Kathmere Capital Management LLC

Kathmere Capital Management LLC lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,447 shares of the home improvement retailer’s stock after acquiring an additional 63 shares during the quarter. Kathmere Capital Management LLC’s holdings in Lowe’s Companies were worth $369,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LOW. Wetzel Investment Advisors Inc. acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $25,000. Tidemark LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at $27,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth $28,000. Orion Capital Management LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth $26,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at about $31,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on LOW shares. DA Davidson decreased their price objective on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 22nd. Oppenheimer reaffirmed a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a research note on Monday, March 4th. Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Telsey Advisory Group restated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a research report on Tuesday, May 21st. Finally, Gordon Haskett reiterated a “hold” rating and issued a $245.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Fifteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $251.33.

Lowe’s Companies Stock Up 0.3 %

Shares of NYSE LOW opened at $220.46 on Friday. The stock has a market capitalization of $125.63 billion, a PE ratio of 17.71, a P/E/G ratio of 1.68 and a beta of 1.08. The firm has a fifty day moving average of $225.32 and a 200-day moving average of $228.40. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. The firm 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%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.67 earnings per share. Equities research analysts expect that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The firm 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 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 36.95%.

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.