Strategic Financial Concepts LLC Decreases Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Strategic Financial Concepts LLC cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 85.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 935 shares of the home improvement retailer’s stock after selling 5,527 shares during the period. Strategic Financial Concepts LLC’s holdings in Lowe’s Companies were worth $208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Orion Capital Management LLC purchased a new stake in Lowe’s Companies during the 3rd quarter worth about $26,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $35,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Lowe’s Companies in the 3rd quarter valued at about $40,000. Finally, True Wealth Design LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $42,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Up 0.6 %

Shares of LOW stock traded up $1.40 during mid-day trading on Friday, hitting $254.73. 2,631,256 shares of the company’s stock were exchanged, compared to its average volume of 2,550,362. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The stock has a 50-day simple moving average of $232.91 and a two-hundred day simple moving average of $216.26. The stock has a market cap of $145.75 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.87 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.09. The business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business’s quarterly revenue was down 17.1% on a year-over-year basis. During the same period last year, the company posted $2.28 EPS. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share 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. Investors of record on Wednesday, April 24th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

Analyst Ratings Changes

Several analysts have recently weighed in on LOW shares. JPMorgan Chase & Co. boosted their target price on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Royal Bank of Canada boosted their price target on Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Wedbush boosted their price target on Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Telsey Advisory Group restated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a research report on Wednesday. Finally, Evercore ISI boosted their price target on Lowe’s Companies from $250.00 to $270.00 and gave the company an “in-line” rating in a research report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Lowe’s Companies currently has a consensus rating of “Hold” and a consensus target price of $251.60.

About Lowe’s Companies

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.