1,112 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Acquired by RDA Financial Network

RDA Financial Network bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOWGet Rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,112 shares of the home improvement retailer’s stock, valued at approximately $225,000.

Other large investors have also modified their holdings of the company. Pacifica Partners Inc. purchased a new position in Lowe’s Companies during the 4th quarter worth approximately $25,000. Delos Wealth Advisors LLC grew its position in Lowe’s Companies by 388.2% during the 4th quarter. Delos Wealth Advisors LLC now owns 166 shares of the home improvement retailer’s stock worth $43,000 after purchasing an additional 132 shares in the last quarter. Covestor Ltd purchased a new position in Lowe’s Companies during the 4th quarter worth approximately $44,000. Bell Investment Advisors Inc grew its position in Lowe’s Companies by 33.5% during the 4th quarter. Bell Investment Advisors Inc now owns 211 shares of the home improvement retailer’s stock worth $55,000 after purchasing an additional 53 shares in the last quarter. Finally, JNBA Financial Advisors grew its position in Lowe’s Companies by 62.4% during the 4th quarter. JNBA Financial Advisors now owns 216 shares of the home improvement retailer’s stock worth $56,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 75.46% of the company’s stock.

Several research firms have recently commented on LOW. StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Sunday, May 29th. Citigroup lowered their price target on shares of Lowe’s Companies from $292.00 to $222.00 in a report on Friday, May 13th. Loop Capital reduced their price objective on shares of Lowe’s Companies from $240.00 to $190.00 in a research note on Tuesday, April 12th. Telsey Advisory Group lifted their price objective on shares of Lowe’s Companies from $275.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, February 24th. Finally, Wells Fargo & Company reduced their price objective on shares of Lowe’s Companies from $260.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $242.94.

Shares of LOW opened at $173.60 on Thursday. The company has a 50-day simple moving average of $192.47 and a 200-day simple moving average of $218.73. The firm has a market capitalization of $110.95 billion, a P/E ratio of 14.15, a P/E/G ratio of 1.02 and a beta of 1.25. Lowe’s Companies, Inc. has a 52 week low of $170.12 and a 52 week high of $263.31.

Lowe’s Companies (NYSE:LOWGet Rating) last announced its quarterly earnings data on Wednesday, May 18th. The home improvement retailer reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.29. The business had revenue of $23.66 billion during the quarter, compared to analyst estimates of $23.72 billion. Lowe’s Companies had a net margin of 8.85% and a negative return on equity of 251.50%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.21 earnings per share. Equities research analysts predict that Lowe’s Companies, Inc. will post 13.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 3rd. Stockholders of record on Wednesday, July 20th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, July 19th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.42%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.80. Lowe’s Companies’s dividend payout ratio is currently 26.08%.

Lowe’s Companies Profile (Get Rating)

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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