Laurel Wealth Advisors LLC Lowers Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Laurel Wealth Advisors LLC decreased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,466 shares of the home improvement retailer’s stock after selling 50 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $994,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $1,638,746,000. Ontario Teachers Pension Plan Board raised its holdings in shares of Lowe’s Companies by 187,225.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after acquiring an additional 2,110,032 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $430,090,000. Schroder Investment Management Group raised its holdings in shares of Lowe’s Companies by 189.5% during the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock valued at $581,592,000 after acquiring an additional 1,831,727 shares during the last quarter. Finally, Canoe Financial LP acquired a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $206,912,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.0 %

Shares of NYSE:LOW traded down $0.09 on Friday, hitting $229.87. The company had a trading volume of 2,001,196 shares, compared to its average volume of 2,110,073. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The business has a 50 day moving average of $239.98 and a 200 day moving average of $219.70. The company has a market cap of $131.53 billion, a PE ratio of 17.47, a PEG ratio of 1.70 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the prior year, the business earned $2.28 earnings per share. The business’s revenue was down 17.1% on a year-over-year basis. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. 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 1.91%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Analysts Set New Price Targets

A number of equities analysts have commented on LOW shares. Zelman & Associates reissued a “neutral” rating and set a $265.00 target price on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Wells Fargo & Company increased their price target on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Truist Financial increased their price target on Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Morgan Stanley increased their price target on Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, Oppenheimer reaffirmed a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a report on Monday, March 4th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Hold” and an average price target of $252.52.

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.