FLC Capital Advisors Buys 298 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

FLC Capital Advisors raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 25.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,490 shares of the home improvement retailer’s stock after purchasing an additional 298 shares during the period. FLC Capital Advisors’ holdings in Lowe’s Companies were worth $332,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Dynamic Advisor Solutions LLC raised its position in Lowe’s Companies by 33.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,345 shares of the home improvement retailer’s stock worth $695,000 after purchasing an additional 843 shares during the last quarter. Meridian Wealth Management LLC raised its position in shares of Lowe’s Companies by 100.4% in the 3rd quarter. Meridian Wealth Management LLC now owns 31,158 shares of the home improvement retailer’s stock worth $6,492,000 after acquiring an additional 15,612 shares in the last quarter. Biondo Investment Advisors LLC raised its position in shares of Lowe’s Companies by 1.0% in the 3rd quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock worth $12,669,000 after acquiring an additional 620 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Lowe’s Companies by 2.5% in the 3rd quarter. Geneos Wealth Management Inc. now owns 6,950 shares of the home improvement retailer’s stock worth $1,444,000 after acquiring an additional 168 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Lowe’s Companies in the 3rd quarter worth about $40,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Up 0.8 %

LOW stock traded up $1.91 during mid-day trading on Wednesday, reaching $253.33. 2,338,607 shares of the company traded hands, compared to its average volume of 2,604,218. The stock has a market cap of $145.69 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 1.88 and a beta of 1.13. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The firm’s 50 day moving average price is $231.47 and its 200 day moving average price is $215.72.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter last year, the firm earned $2.28 EPS. The company’s quarterly revenue was down 17.1% compared to the same quarter last year. On average, analysts anticipate that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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 dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.74%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Evercore ISI lifted their price objective on Lowe’s Companies from $250.00 to $270.00 and gave the stock an “in-line” rating in a research report on Tuesday. Stifel Nicolaus lowered their price objective on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Robert W. Baird raised Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Wednesday, February 14th. The Goldman Sachs Group raised their target price on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Hold” and a consensus target price of $251.60.

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.