Tradewinds Capital Management LLC Boosts Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Tradewinds Capital Management LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 54.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 198 shares of the home improvement retailer’s stock after acquiring an additional 70 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Lowe’s Companies were worth $50,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LOW. Wetzel Investment Advisors Inc. purchased a new position in Lowe’s Companies during the 4th quarter valued at $25,000. Orion Capital Management LLC purchased a new stake in shares of Lowe’s Companies in the 3rd quarter worth $26,000. Tidemark LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth $27,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth $28,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of several research reports. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Wedbush reissued a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Citigroup reduced their price target on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Truist Financial reduced their price target on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Finally, DA Davidson reduced their price target on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, May 22nd. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $250.41.

Lowe’s Companies Stock Down 0.2 %

Shares of LOW traded down $0.33 during mid-day trading on Wednesday, reaching $213.37. The company had a trading volume of 905,192 shares, compared to its average volume of 2,538,816. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The stock has a market capitalization of $121.59 billion, a P/E ratio of 17.29, a PEG ratio of 1.69 and a beta of 1.08. The stock has a 50 day moving average of $224.57 and a two-hundred day moving average of $228.32.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. The company had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. Lowe’s Companies’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.67 earnings per share. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. Lowe’s Companies’s dividend payout ratio is currently 35.34%.

About Lowe’s Companies

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.