Waterfront Wealth Inc. Acquires 93 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Waterfront Wealth Inc. boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,604 shares of the home improvement retailer’s stock after acquiring an additional 93 shares during the period. Waterfront Wealth Inc.’s holdings in Lowe’s Companies were worth $802,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hamilton Capital LLC increased its holdings in shares of Lowe’s Companies by 2.1% during the third quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock worth $507,000 after buying an additional 49 shares in the last quarter. Abundance Wealth Counselors grew its position in Lowe’s Companies by 0.8% during the 4th quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock worth $1,485,000 after acquiring an additional 50 shares during the last quarter. YHB Investment Advisors Inc. increased its holdings in Lowe’s Companies by 0.6% in the 4th quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock worth $2,006,000 after purchasing an additional 50 shares in the last quarter. Mather Group LLC. increased its holdings in Lowe’s Companies by 2.8% in the 1st quarter. Mather Group LLC. now owns 1,939 shares of the home improvement retailer’s stock worth $392,000 after purchasing an additional 52 shares in the last quarter. Finally, Thomasville National Bank raised its position in Lowe’s Companies by 0.4% in the fourth quarter. Thomasville National Bank now owns 11,803 shares of the home improvement retailer’s stock valued at $2,627,000 after purchasing an additional 52 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on LOW. Stifel Nicolaus reduced their target price on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, February 16th. DA Davidson restated a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a report on Wednesday, March 27th. Telsey Advisory Group restated a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a report on Wednesday, March 27th. Citigroup boosted their price objective on Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Finally, StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Price Performance

Shares of NYSE:LOW traded up $1.24 on Thursday, hitting $230.10. The company’s stock had a trading volume of 186,175 shares, compared to its average volume of 2,527,150. The company has a market capitalization of $131.66 billion, a PE ratio of 17.39, a PEG ratio of 1.69 and a beta of 1.13. The company has a 50-day simple moving average of $239.29 and a 200 day simple moving average of $218.38. 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 earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. The company had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. Lowe’s Companies’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.28 EPS. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors 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 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 33.43%.

Lowe’s Companies Profile

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.