Valeo Financial Advisors LLC Acquires 1,627 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Valeo Financial Advisors LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 20.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,427 shares of the home improvement retailer’s stock after purchasing an additional 1,627 shares during the period. Valeo Financial Advisors LLC’s holdings in Lowe’s Companies were worth $2,401,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kingfisher Capital LLC raised its stake in Lowe’s Companies by 0.6% during 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 during the period. KPP Advisory Services LLC bought a new stake in shares of Lowe’s Companies during the third quarter valued at approximately $453,000. JT Stratford LLC raised its position 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 valued at $701,000 after buying an additional 627 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Lowe’s Companies by 189.5% during the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock valued at $581,592,000 after buying an additional 1,831,727 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its position in shares of Lowe’s Companies by 0.5% during the third 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 last quarter. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LOW shares. Gordon Haskett reiterated a “hold” rating and set a $245.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Citigroup cut 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. Mizuho began coverage on shares of Lowe’s Companies in a report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 target price for the company. Truist Financial cut their target price on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Finally, Stifel Nicolaus raised their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a report on Monday, May 13th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $250.41.

Lowe’s Companies Price Performance

LOW stock opened at $213.17 on Thursday. The business has a 50-day moving average price of $224.57 and a 200 day moving average price of $228.32. The company has a market capitalization of $121.47 billion, a P/E ratio of 17.12, a PEG ratio of 1.64 and a beta of 1.08. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49.

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 for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $3.67 earnings per share. On average, analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be issued a $0.15 dividend. 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 0.28%. Lowe’s Companies’s dividend payout ratio is presently 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.