Campbell Capital Management Inc. Buys 80 Shares of Lowe’s Companies, Inc. (NYSE:LOW)


Share on StockTwits

Campbell Capital Management Inc. grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,680 shares of the home improvement retailer’s stock after purchasing an additional 80 shares during the period. Campbell Capital Management Inc.’s holdings in Lowe’s Companies were worth $284,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Redpoint Investment Management Pty Ltd lifted its position in Lowe’s Companies by 10.7% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 22,361 shares of the home improvement retailer’s stock valued at $3,589,000 after acquiring an additional 2,158 shares during the period. Pinnacle Financial Partners Inc. lifted its position in Lowe’s Companies by 0.7% during the 4th quarter. Pinnacle Financial Partners Inc. now owns 11,578 shares of the home improvement retailer’s stock valued at $1,866,000 after acquiring an additional 75 shares during the period. Ellenbecker Investment Group lifted its position in Lowe’s Companies by 5.1% during the 4th quarter. Ellenbecker Investment Group now owns 1,380 shares of the home improvement retailer’s stock valued at $221,000 after acquiring an additional 67 shares during the period. OneAscent Financial Services LLC lifted its position in Lowe’s Companies by 16.8% during the 4th quarter. OneAscent Financial Services LLC now owns 12,364 shares of the home improvement retailer’s stock valued at $1,985,000 after acquiring an additional 1,777 shares during the period. Finally, Livingston Group Asset Management CO operating as Southport Capital Management lifted its position in Lowe’s Companies by 2.6% during the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 5,741 shares of the home improvement retailer’s stock valued at $921,000 after acquiring an additional 148 shares during the period. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the stock. Telsey Advisory Group lifted their price target on shares of Lowe’s Companies from $190.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, December 10th. KeyCorp lifted their price target on shares of Lowe’s Companies from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Truist reaffirmed a “buy” rating and issued a $178.00 target price on shares of Lowe’s Companies in a report on Friday, November 20th. ValuEngine cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Tuesday, November 10th. Finally, Loop Capital lifted their target price on shares of Lowe’s Companies from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $171.82.

Lowe’s Companies stock traded up $0.84 during trading on Wednesday, reaching $169.83. The company had a trading volume of 3,244,888 shares, compared to its average volume of 4,436,898. The firm has a market capitalization of $124.44 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The firm’s 50-day simple moving average is $159.44 and its 200 day simple moving average is $157.48. The company has a debt-to-equity ratio of 5.20, a quick ratio of 0.57 and a current ratio of 1.38. Lowe’s Companies, Inc. has a 1-year low of $60.00 and a 1-year high of $180.67.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, November 17th. The home improvement retailer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.97 by $0.01. The company had revenue of $22.31 billion during the quarter, compared to analyst estimates of $21.08 billion. Lowe’s Companies had a net margin of 6.29% and a return on equity of 211.33%. During the same quarter in the previous year, the firm earned $1.41 EPS. Analysts anticipate that Lowe’s Companies, Inc. will post 8.7 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 3rd. Investors of record on Wednesday, January 20th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.41%. The ex-dividend date is Tuesday, January 19th. Lowe’s Companies’s payout ratio is presently 41.96%.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

See Also: Do closed-end mutual funds pay dividends?

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.