Stonegate Investment Group LLC Purchases 52 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Stonegate Investment Group LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,338 shares of the home improvement retailer’s stock after purchasing an additional 52 shares during the quarter. Stonegate Investment Group LLC’s holdings in Lowe’s Companies were worth $2,301,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LOW. Axiom Financial Strategies LLC boosted its position in Lowe’s Companies by 9.8% during the first quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock valued at $275,000 after purchasing an additional 123 shares during the last quarter. United Bank raised its stake in shares of Lowe’s Companies by 6.8% during the 1st quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock worth $1,968,000 after purchasing an additional 617 shares in the last quarter. Prudential PLC bought a new position in shares of Lowe’s Companies in the first quarter valued at $1,629,000. Baird Financial Group Inc. increased its holdings in Lowe’s Companies by 0.4% during the first quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock worth $51,780,000 after buying an additional 920 shares during the last quarter. Finally, Covestor Ltd raised its position in Lowe’s Companies by 74.6% during the first quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock worth $60,000 after acquiring an additional 126 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Down 1.9 %

Shares of Lowe’s Companies stock opened at $244.45 on Wednesday. The firm’s 50 day moving average is $234.79 and its 200 day moving average is $216.53. The firm has a market capitalization of $139.87 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 1.84 and a beta of 1.13. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49.

Lowe’s Companies (NYSE:LOWGet Free Report) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter in the previous year, the firm posted $2.28 earnings per share. The company’s revenue was down 17.1% on a year-over-year basis. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Oppenheimer restated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a research note on Monday, March 4th. Robert W. Baird raised shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Wednesday, February 14th. Evercore ISI raised their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Finally, Wells Fargo & Company upped their price target on shares of Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Fourteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $252.62.

View Our Latest Research Report on LOW

Lowe’s Companies Profile

(Free Report)

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.

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

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