Roberts Wealth Advisors LLC Takes $540,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

Roberts Wealth Advisors LLC acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,118 shares of the home improvement retailer’s stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Private Management Group Inc. lifted its position in Lowe’s Companies by 4.0% in the fourth quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock valued at $268,000 after acquiring an additional 46 shares during the last quarter. First Bank & Trust lifted its position in Lowe’s Companies by 3.1% in the first quarter. First Bank & Trust now owns 1,509 shares of the home improvement retailer’s stock valued at $384,000 after acquiring an additional 46 shares during the last quarter. First Command Advisory Services Inc. lifted its position in Lowe’s Companies by 1.9% in the fourth quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock valued at $576,000 after acquiring an additional 48 shares during the last quarter. Jag Capital Management LLC raised its holdings in shares of Lowe’s Companies by 0.3% in the fourth quarter. Jag Capital Management LLC now owns 15,772 shares of the home improvement retailer’s stock valued at $3,510,000 after buying an additional 48 shares during the last quarter. Finally, Hamilton Capital LLC raised its holdings in shares of Lowe’s Companies by 2.1% in the third quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LOW shares. Citigroup reduced their target price on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Gordon Haskett reiterated a “hold” rating and set a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Mizuho initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, March 19th. They set a “buy” rating and a $280.00 price target on the stock. Zelman & Associates reiterated a “neutral” rating and set a $265.00 price target on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Finally, Wedbush reiterated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Lowe’s Companies presently has an average rating of “Hold” and an average target price of $251.33.

Lowe’s Companies Stock Up 0.3 %

NYSE:LOW opened at $220.46 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The firm’s 50 day moving average is $225.32 and its two-hundred day moving average is $228.49. The company has a market cap of $125.63 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.69 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The company had revenue of $21.36 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the prior year, the business earned $3.67 earnings per share. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. Research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Wednesday, July 24th. Lowe’s Companies’s payout ratio is currently 35.34%.

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.