Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,615 shares of the home improvement retailer’s stock after acquiring an additional 316 shares during the period. Peddock Capital Advisors LLC’s holdings in Lowe’s Companies were worth $2,585,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Everhart Financial Group Inc. boosted its holdings in Lowe’s Companies by 11.0% in the third quarter. Everhart Financial Group Inc. now owns 1,698 shares of the home improvement retailer’s stock valued at $353,000 after acquiring an additional 168 shares during the last quarter. WealthShield Partners LLC acquired a new stake in Lowe’s Companies during the 3rd quarter worth approximately $215,000. Verdence Capital Advisors LLC raised its holdings in Lowe’s Companies by 20.1% in the third quarter. Verdence Capital Advisors LLC now owns 6,869 shares of the home improvement retailer’s stock valued at $1,428,000 after buying an additional 1,148 shares during the period. Mackenzie Financial Corp lifted its position in Lowe’s Companies by 0.7% during the third quarter. Mackenzie Financial Corp now owns 104,649 shares of the home improvement retailer’s stock valued at $20,947,000 after buying an additional 770 shares in the last quarter. Finally, Brighton Jones LLC grew its stake in Lowe’s Companies by 0.8% during the third quarter. Brighton Jones LLC now owns 19,191 shares of the home improvement retailer’s stock worth $3,989,000 after buying an additional 149 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Up 0.2 %

Shares of Lowe’s Companies stock traded up $0.43 during midday trading on Wednesday, hitting $231.89. The company’s stock had a trading volume of 780,908 shares, compared to its average volume of 2,434,060. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49. The firm has a market capitalization of $132.69 billion, a P/E ratio of 17.65, a PEG ratio of 1.72 and a beta of 1.15. The stock has a 50-day simple moving average of $240.00 and a 200-day simple moving average of $221.68.

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 the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.28 EPS. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business 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 of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.90%. Lowe’s Companies’s payout ratio is 33.43%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LOW. JPMorgan Chase & Co. lifted their target price on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Morgan Stanley boosted their price objective on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Wells Fargo & Company increased their target price on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. The Goldman Sachs Group boosted their price target on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, Citigroup lowered their price objective on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $252.67.

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.