Alpha Cubed Investments LLC Purchases 241 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Alpha Cubed Investments LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 5.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,871 shares of the home improvement retailer’s stock after buying an additional 241 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Lowe’s Companies were worth $1,084,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LOW. Kingswood Wealth Advisors LLC bought a new position in Lowe’s Companies in the third quarter valued at about $574,000. Everett Harris & Co. CA boosted its holdings in Lowe’s Companies by 7.9% during the third quarter. Everett Harris & Co. CA now owns 1,889 shares of the home improvement retailer’s stock worth $393,000 after buying an additional 138 shares during the last quarter. Dakota Wealth Management boosted its holdings in Lowe’s Companies by 2.6% during the third quarter. Dakota Wealth Management now owns 15,057 shares of the home improvement retailer’s stock worth $3,129,000 after buying an additional 376 shares during the last quarter. Tectonic Advisors LLC boosted its holdings in Lowe’s Companies by 8.0% during the third quarter. Tectonic Advisors LLC now owns 3,693 shares of the home improvement retailer’s stock worth $768,000 after buying an additional 274 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its holdings in Lowe’s Companies by 7.7% during the third quarter. FinTrust Capital Advisors LLC now owns 4,441 shares of the home improvement retailer’s stock worth $923,000 after buying an additional 319 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW opened at $227.97 on Wednesday. The firm has a market cap of $130.44 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The business’s fifty day moving average is $240.11 and its 200-day moving average is $220.41.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the prior year, the company earned $2.28 EPS. Lowe’s Companies’s revenue for the quarter was down 17.1% on a year-over-year basis. On average, research analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.93%. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LOW shares. Zelman & Associates restated a “neutral” rating and set a $265.00 target price on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Evercore ISI dropped their price target on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Citigroup raised their price target on Lowe’s Companies from $199.00 to $236.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 21st. Barclays raised their price target on Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Finally, StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Fifteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Company 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.