Regent Peak Wealth Advisors LLC Buys Shares of 2,354 Lowe’s Companies, Inc. $LOW

Regent Peak Wealth Advisors LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,354 shares of the home improvement retailer’s stock, valued at approximately $592,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Lowe’s Companies by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 54,976,355 shares of the home improvement retailer’s stock valued at $12,197,604,000 after buying an additional 366,977 shares during the period. State Street Corp boosted its holdings in shares of Lowe’s Companies by 0.8% in the second quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer’s stock valued at $5,527,176,000 after acquiring an additional 207,826 shares in the last quarter. Geode Capital Management LLC raised its holdings in Lowe’s Companies by 0.3% during the second quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer’s stock worth $2,732,049,000 after purchasing an additional 42,190 shares in the last quarter. Norges Bank acquired a new stake in Lowe’s Companies in the second quarter worth approximately $1,773,624,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Lowe’s Companies by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,536,122 shares of the home improvement retailer’s stock valued at $784,559,000 after purchasing an additional 34,382 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of LOW opened at $242.75 on Friday. The business’s 50-day moving average is $239.88 and its 200-day moving average is $240.23. The company has a market capitalization of $136.17 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 4.03 and a beta of 0.96. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $274.98.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The firm had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. During the same period in the previous year, the firm posted $2.89 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.80%.

Analyst Ratings Changes

LOW has been the subject of several research analyst reports. HSBC cut their price objective on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a report on Friday, November 21st. Evercore ISI reiterated a “positive” rating on shares of Lowe’s Companies in a report on Thursday, November 20th. UBS Group dropped their price target on Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Wolfe Research decreased their target price on Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Finally, Mizuho cut their target price on Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $276.80.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.