LVW Advisors LLC Has $960,000 Stake in Lowe’s Companies, Inc. (NYSE:LOW)

LVW Advisors LLC grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,767 shares of the home improvement retailer’s stock after buying an additional 253 shares during the period. LVW Advisors LLC’s holdings in Lowe’s Companies were worth $960,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Morgan Stanley grew its holdings in Lowe’s Companies by 1.1% during the third quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock valued at $2,271,836,000 after purchasing an additional 116,855 shares during the period. Norges Bank acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $1,638,746,000. Charles Schwab Investment Management Inc. increased its position in shares of Lowe’s Companies by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,211,131 shares of the home improvement retailer’s stock valued at $714,637,000 after buying an additional 41,451 shares in the last quarter. Schroder Investment Management Group raised its stake in Lowe’s Companies by 1.9% during the 4th quarter. Schroder Investment Management Group now owns 2,851,127 shares of the home improvement retailer’s stock worth $634,518,000 after buying an additional 52,859 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth $430,090,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 0.3 %

Lowe’s Companies stock opened at $220.46 on Monday. The company has a market capitalization of $125.63 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.69 and a beta of 1.08. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The stock’s 50 day moving average is $225.32 and its 200-day moving average is $228.49.

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, topping the consensus estimate of $2.94 by $0.12. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The firm had revenue of $21.36 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter last year, the business earned $3.67 EPS. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The firm also recently announced 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 dividend yield of 0.27%. Lowe’s Companies’s payout ratio is presently 35.34%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $246.00 price target on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Truist Financial dropped their target price on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Citigroup lowered their price objective on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Stifel Nicolaus upped their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a research note on Monday, May 13th. Finally, Gordon Haskett restated a “hold” rating and issued a $245.00 price target on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $251.33.

About Lowe’s Companies

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.