Key Client Fiduciary Advisors LLC Grows Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Key Client Fiduciary Advisors LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,451 shares of the home improvement retailer’s stock after buying an additional 58 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Lowe’s Companies were worth $540,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LOW. Wetzel Investment Advisors Inc. purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $25,000. Tidemark LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $27,000. Voisard Asset Management Group Inc. purchased a new position in shares of Lowe’s Companies in the fourth quarter worth about $28,000. Keener Financial Planning LLC acquired a new position in Lowe’s Companies during the first quarter worth about $35,000. Finally, Transcendent Capital Group LLC purchased a new stake in Lowe’s Companies during the 4th quarter valued at about $31,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 0.6 %

Shares of LOW stock traded up $1.45 on Wednesday, reaching $237.64. 2,093,792 shares of the stock were exchanged, compared to its average volume of 2,531,495. The company has a market capitalization of $135.42 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 1.85 and a beta of 1.07. The business’s 50 day moving average price is $228.97 and its 200 day moving average price is $231.36. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.12. The business had revenue of $21.36 billion during the quarter, compared to analysts’ expectations of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.67 EPS. Equities research analysts forecast that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Wednesday, July 24th. Lowe’s Companies’s payout ratio is 36.95%.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of analyst reports. Wedbush restated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Telsey Advisory Group reissued a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Lowe’s Companies from $268.00 to $272.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Truist Financial reduced their target price on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Fourteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Hold” and a consensus price target of $250.19.

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.