Albion Financial Group UT Boosts Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Albion Financial Group UT boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 11,930.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,203 shares of the home improvement retailer’s stock after purchasing an additional 1,193 shares during the period. Albion Financial Group UT’s holdings in Lowe’s Companies were worth $306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LOW. Kingfisher Capital LLC grew its position in shares of Lowe’s Companies by 0.6% in the 3rd quarter. Kingfisher Capital LLC now owns 17,683 shares of the home improvement retailer’s stock worth $3,675,000 after acquiring an additional 114 shares in the last quarter. KPP Advisory Services LLC bought a new stake in Lowe’s Companies during the third quarter valued at $453,000. JT Stratford LLC raised its holdings in shares of Lowe’s Companies by 22.8% during the third quarter. JT Stratford LLC now owns 3,374 shares of the home improvement retailer’s stock worth $701,000 after purchasing an additional 627 shares during the period. Schroder Investment Management Group lifted its position in shares of Lowe’s Companies by 189.5% in the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after buying an additional 1,831,727 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. boosted its holdings in shares of Lowe’s Companies by 0.5% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 16,732 shares of the home improvement retailer’s stock valued at $3,478,000 after buying an additional 87 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LOW shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $246.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Citigroup lowered their price objective on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. Zelman & Associates reiterated a “neutral” rating and issued a $265.00 target price on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Mizuho began coverage on shares of Lowe’s Companies in a research report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price target for the company. 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 investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Lowe’s Companies has a consensus rating of “Hold” and an average target price of $250.41.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $213.17 on Thursday. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The firm has a market capitalization of $121.47 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 1.64 and a beta of 1.08. The company has a 50 day moving average price of $224.57 and a 200 day moving average price of $228.32.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.94 by $0.12. The business had revenue of $21.36 billion during the quarter, compared to analysts’ expectations 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 revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.67 earnings per share. Equities 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 business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Wednesday, July 24th. Lowe’s Companies’s dividend payout ratio (DPR) is 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.